The primary market looks at the highest valuation, and the secondary market sees the true value and no longer pays for the high valuation story.
Today, according to Dow Jones, Tencent will invest $150 million in VIPKID, valued at $4.5 billion.
In this regard, the core source of the close news is verified, and the investment amount and valuation are confirmed. This means that the new round of financing initiated by VIPKID since the middle of last year has finally been completed after many twists and turns.
(Bloomberg quoted Dow Jones reports)
But at the same time, Jessica, the original strategy leader of VIPKID, asked to leave, VIPKID financial director Yang Lijin and legal director Sun Gu also left. Verification to VIPKID, the other party said “some time”, did not make a clear reply.
Since last year, in order to prepare for this round of new financing, VIPKID has drawn the core backbone of the three departments of strategy, finance and legal affairs, and set up a special financing group. Ye Hao, Yang Lijin and Sun Gu are the three core leaders of the financing project team. .
A new round of financing was finalized, but the core executives of the entire financing group of VIPKID have resigned in a short period of time and consulted with many insiders. The other party said that the reason is unknown.
VIPKID has not announced the latest financing progress since it started a new round of financing. This is in contrast to the previous round of large-scale financing of VIPKID and the high-profile financing conference.
VIPKID financing history, from Whale Standard
15 months, VIPKID financing dynamic transmission
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