Extracurricular education is big business in China.
One futuristic example: Yuanfudao, an online tutoring platform that includes an app that uses artificial intelligence to give students answers to their homework after they snap a photo of it.
Yuanfudao claims it now has 200 million users, and that interest from parents and students has translated into major interest from investors. If it lives up the hype, it could represent a new path forward for educational technology — not just in China but for students across the globe.
On Tuesday, Yuanfudao announced another $300 million in funding, bringing its valuation to more than $3 billion. Chinese social networking and gaming giant Tencent led the round, with…