A homework app that immediately solves issues for college students with the snap of a photograph is now value $three billion (TCEHY)

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Chinese student exams

  • A homework app in China that immediately solves issues for college students after they take an image, Yuanfudao, has raised $300 million, in keeping with a TechCrunch report. 
  • The six-year-old startup has capitalized on the immense significance of educational exams for Chinese language college students.
  • Yuanfudao is now valued at $three billion.

A homework app in China that immediately solves issues for college students after they take an image, Yuanfudao, has raised $300 million and is now valued at $three billion, in keeping with a TechCrunch report. 

Yuanfudao’s newest spherical was reportedly led by Tencent, the world’s largest online game writer and a social networking big in its personal proper.

Learn extra: Online game habit has sparked a tradition warfare in China — and it’s having enormous repercussions for the world’s greatest online game maker

Yuanfudao

The six-year-old startup has capitalized on the immense significance of educational exams for Chinese language college students. Yuanfudao’s product providing consists of dwell programs, apply examination questions, and its homework app that solves questions with the snap of a photograph. 

Based on the TechCrunch report, Yuanfudao makes most of its cash from its dwell programs. 

In Might 2017, Yuanfudao raised $120 million at a $1 billion valuation. Up to now, it has raised over $540 million. 

Yuanfudao didn’t instantly reply to a request for remark. 

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