Ban tuition? It's not so easy

Chinese tech stocks swooned, and investors blanched, as China last month imposed the toughest curbs yet on its US$100 billion (S$136 billion) private tutoring and online education industry.

Beijing decreed that the industry can operate only without profit, knocking off tens of billions of dollars that private equity and venture capital funds had sunk into it. Firms can no longer court foreign capital, no new licences will be issued, and limits have been placed on foreign teachers and teaching hours.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Source: Read Full Article