Exclusive: Tencent-backed Yuanfudao near to close new fundraising at $7.5 billion valuation - sources
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BEIJING (Reuters) - Chinese online education platform Yuanfudao, which is backed by tech giant Tencent Holdings, is close to completing a financing round that would value it at around $7.5 billion (6.47 billion pounds), two people familiar with the matter said.The talks make Yuanfudao, which was founded in 2012 and offers online courses and homework plans to students, a rare bright spot of activity in the deal-making world, which has largely dried up as the coronavirus pandemic has suspended..