Yuanfudao

Investors undisclosed

Issuer announces closed combined financing totaling US$2.2B across G1 and G2. This is not a third additive round: the component observations are included here. The release names different participants for each component, preserved separately instead of pooling leads. The component allocations and dates conflict in reporting; the issuer does not quantify either component or give its legal closing day. The October 22 publication and reported package valuation do not authenticate settlement records or current value. Series G1/G2 financing labels are not legal share classes; investor groups are not current owners or exact subscribing vehicles.

Tencent (lead) · Hillhouse Capital · Boyu Capital · IDG Capital

Included in Series G1/G2 aggregate (components included); not added again to the confirmed-raised sum.

Date is the issuer publication date, not an authenticated component closing. Issuer names Tencent as G1 lead and three participants. Reuters attributes a US$1.2B Tencent-led component: https://www.marketscreener.com/quote/stock/TENCENT-HOLDINGS-LIMITED-3045861/news/Tencent-Chinese-online-tutoring-start-up-Yuanfudao-raises-2-2-bln-values-firm-at-15-5-bln-31587495/ . TechNode instead describes US$1B received in April: https://technode.com/2020/10/22/online-tutor-yuanfudao-lands-1-2-billion-on-doubled-valuation/ . EqualOcean places US$1.2B at August end: https://equalocean.com/news/2020102114982 . Amount and timing remain disputed, not silently resolved to the database's August 31. Included in the US$2.2B aggregate, not an additional amount. Names are groups, not exact subscribing vehicles, share quantities or current holders.

DST Global (lead) · CITICPE · GIC · Temasek · TBP · DCP · Ocean Link · Greenwoods · +1 more

Included in Series G1/G2 aggregate (components included); not added again to the confirmed-raised sum.

Date is the issuer publication date, not an authenticated component closing. Issuer names DST Global as G2 lead and eight participants. EqualOcean describes a US$1B October addition: https://equalocean.com/news/2020102114982 ; TechNode describes a US$1.2B G2: https://technode.com/2020/10/22/online-tutor-yuanfudao-lands-1-2-billion-on-doubled-valuation/ . Reuters confirms two recent financings but does not separately quantify G2 in this account: https://www.marketscreener.com/quote/stock/TENCENT-HOLDINGS-LIMITED-3045861/news/Tencent-Chinese-online-tutoring-start-up-Yuanfudao-raises-2-2-bln-values-firm-at-15-5-bln-31587495/ . This is included in the issuer's US$2.2B aggregate, not an additional amount. No arithmetic residual is presented as independently confirmed. Group names and acronyms are not exact subscribing vehicles, beneficial owners or direct LP shares.

Hillhouse Capital · Tencent · Boyu Capital · IDG Capital

CMC attributes completed US$1B financing and a US$7.8B mark to the March 31 announcement, not an authenticated closing day. CMC names Hillhouse as lead and Tencent as a participant; Reuters's contemporaneous issuer-statement report names both as leads: https://www.investing.com/news/technology-news/tencentbacked-online-education-firm-yuanfudao-raises-1-billion-in-new-round-2126046 . Because lead descriptions differ, retain the four participants without choosing a sole or joint lead. CMC is an existing investor, not a verified March subscriber. The issuer's October new-financing release and contemporary Reuters account describe its two recent financings separately from March. Later retrospective reporting conflicts about the G1 timing/amount: https://globalventuring.com/blog/2020/12/29/yuanfudao-marks-off-300m/ . Series labels, legal vehicles, quantities, exact settlement and current balances are not authenticated; no invented Griffin association is imported.

Warburg Pincus affiliate (exact vehicle unknown) (lead) · Tencent

May 31, 2017 announcement states the financing closed, led by a Warburg affiliate and joined by existing investor Tencent. The 2019 upload path is not another financing. Release does not name the legal affiliate, series or share class, individual cheque, closing day or retained balance. Its unqualified dollar currency is resolved for the round amount by Matrix's same-day account explicitly stating US$120M: https://www.matrixpartners.com.cn/1331.html . The greater-than valuation remains currency-unspecified, not exactly $1B. Page two's IDG, Matrix Partners China, New Horizon and CMC names concern previous financing, not this round. Matrix's historical largest-investor assertion is not current ownership or a share quantity. Historical testimony is not an authenticated issuer register, LP direct holdings or saleable inventory.

Matrix Partners China (lead) · IDG Capital

Source published Sep 10, 2013; not a financing date

Original Sina reporting says the company confirmed completed US$7M in late August 2013, with Matrix leading and IDG participating. Use month precision, not August 1 settlement or the imported July day. The issuer media archive labels its reproduction September 5, but its observed original link is dated September 10: https://cdn.yuantiku.com/news . This publication discrepancy is not another round. Reporting remains distinct from an authenticated issuer register, exact investment vehicles, class rights or current holdings.

IDG Capital

Source published Sep 10, 2013; not a financing date

Sina's 2013 B report places the earlier IDG A financing at the company's 2012 founding and states US$2.2M; TechNode's 2014 report corroborates it. TMTPost's May 2016 retrospective instead states US$3M: https://www.tmtpost.com/1750169.html . Preserve one disputed observation, not two rounds or the imported exact US$2M. Year precision is not January 1 settlement; the exact closing and original contract are unknown, with numeric capital withheld. Predecessor/product naming does not establish today's legal entity, an IDG legal fund or retained shares.

Yunfeng Capital

Source published Dec 24, 2020; not a financing date

36Kr reports a completed US$300M Yunfeng investment separately from March and October. December 24 is publication, not an authenticated settlement day. Source does not establish the imported Series G - IV label, a lead role or the database's pooled co-investors. Its annual funding total is cumulative, not another round. This remains reported, not issuer-confirmed or independently authenticated current ownership.

Tencent (lead) · Warburg Pincus · Matrix Partners China

Issuer homepage states completed US$300M led by Tencent, with Warburg and Matrix participating; its greater-than US$3B valuation is not exactly US$3B or a current mark. The homepage is undated and does not name Series F or exact closing. December 25, 2018 reporting cites 36Kr: https://www.nbd.com.cn/articles/2018-12-25/1285170.html . CMC's April 2020 retrospective instead dates this investment to 2019: https://www.cmccap.com/news/detail/61 . Preserve disputed timing, not a second round or today's financing. The issuer's shortened roster is not exhaustive; exact vehicles, quantities and retained balances remain unknown.

Tencent

Source published May 31, 2016; not a financing date

Original 36Kr reporting attributes recent financing of US$40M from Tencent to the company. May 31 is publication, not an authenticated settlement date; source does not establish Series D Extension, an exact legal class, Tencent lead status or a valuation. IDG, Matrix, New Horizon and CMC are named for previous financing, not this investment. Historical group/product naming does not authenticate a legal issuer, Tencent's exact vehicle, retained shares or current saleable inventory.

CMC Capital Partners · New Horizon Capital · IDG Capital · Matrix Partners China

Source published Mar 30, 2015; not a financing date

Tencent Technology's issuer-attributed report describes US$60M completed Series D for Yuantiku, led by CMC with three named participants. The journalist explicitly could not verify the financing amount. The issuer media archive's April 2 reproduction describes CMC and New Horizon as leads: https://cdn.yuantiku.com/news . Its lead attribution remains unresolved, so retain the four named participants without choosing sole or joint leads. Retain Reported status; March 30 is publication, not authenticated closing. This predecessor/product financing belongs to the historical group account, not a verified legal-entity or current shareholder register; no separate Fenbi or product equity balance is inferred.

Matrix Partners China · IDG Capital

Source published Jul 22, 2014; not a financing date

TechNode reports recently completed US$15M financing with Matrix and IDG and a US$125M mark. July 22 is publication, not exact settlement; the imported July 1 day is unsupported. The issuer media archive reproduces this report and a Matrix partner's account with a lead role separately reported: https://cdn.yuantiku.com/news . That curated press page is not a new primary issuer release or another round, so retain Reported status. Exact legal vehicles, class rights and retained quantities remain unknown; Griffin is not an evidenced participant.