<p class="MsoNormal"><span style="color:#000000">Jack Ma's Alibaba Group and Tiger Global Management LLC have raised an investment of $1.6 billion for an online education startup Zuoyebang.</span></p><p class="MsoNormal"><span style="color:#000000">Existing backers Softbank Vision Fund, Sequoia Capital China and FountainVest Partners also participated in the funding, Zuoyebang said in a statement. The latest round comes months after Zuoyebang, which also counts Goldman Sachs and GGV Capital among its investors, raised $750 million in June.</span></p>
