The Collapse of Chinese Tutoring Industry Sends Businesses Scrambling
pandaily.substack.com
Investors in the Chinese ed-tech industry are now on the edge of their seats. On July 24, Chinese authorities introduced a sweeping new set of guidelines, dubbed as a “double reduction” policy, to ease the burden of excessive homework and off-campus tutoring for students undergoing compulsory education. The policy, interpreted as China’s crackdown on the private tutoring industry, has plunged the entire sector into an existential crisis.
The Collapse of Chinese Tutoring Industry Sends Businesses Scrambling
The Collapse of Chinese Tutoring Industry…
The Collapse of Chinese Tutoring Industry Sends Businesses Scrambling
Investors in the Chinese ed-tech industry are now on the edge of their seats. On July 24, Chinese authorities introduced a sweeping new set of guidelines, dubbed as a “double reduction” policy, to ease the burden of excessive homework and off-campus tutoring for students undergoing compulsory education. The policy, interpreted as China’s crackdown on the private tutoring industry, has plunged the entire sector into an existential crisis.