DAMI WANGXIAO, a division of Beijing-based VIPKid that offers live-streamed online classes for primary and middle-grades, has raised $80 million in a Series A round led by Tencent Holdings, Sequoia ...

With its latest round of funding, VIPKID has cemented its position as the largest English e-learning site in China. The next challenge is to become profitable.

VIPKID, a Chinese one-on-one English tutoring agency backed by Tencent, said on its official Wechat account on Saturday that the agency would stop selling online classes taught by foreign-based ...