Bytedance, the owner of news aggregation app Toutiao, has led a $200m round for China-based online education provider 17zuoye, China Money Network has reported.
17zuoye provides online learning and assessment materials covering English and mathematics for children aged between five and 18 which can be viewed by parents and teachers.
The round increased the company’s overall funding to more than $335m and follows a $100m series D round led by venture capital firm H Capital in 2015 that reportedly valued it at $600m.
Singaporean government-owned investment firm Temasek, venture capital firm Shunwei Capital and investment firm DST Global also took part in the 2015 round. The company’s earlier investors include Tiger Management.