Zuoyebang: Ontario Teachers' investing in online education company, credit lender

The Ontario Teachers' Pension Plan is among the investors contributing more than US$1.6 billion in Series E+ financing to Zuoyebang, a China-based online education start-up. Other investors in this round include Alibaba Group Holding Ltd., FountainVest Partners (Asia) Ltd., Sequoia Capital China, Softbank Vision Fund and Tiger Management Corp. The funding will be used to ...