Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

August 29, 2019 admin Business News Comments Off on Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for a Chinese education firm VIPKid, two people familiar with the matter said, as Beijing moved to tighten oversight of online education platforms.

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Source:: Reuters – Business News