Beijing’s crackdown spells tough times for Tencent-backed Yuanfudao, other off-campus tutoring providers

Source: Tech – South China Morning PostFour days before 22-year-old Emma Liu was expected to start her first full-time job as a private tutor for online classes at a Chinese start-up, the company called to notify her that work would be delayed for at least three months.The call was made by Zebra AI Class, a unit under Tencent Holdings-backed Yuanfudao’s online education platform, which is part of the country’s vast off-campus tutoring market now under increased government scrutiny.Besides disrupting her plans for the summer, Liu…Read More

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