China bans off-campus tutoring in education overhaul that sets off market rout among dozens of listed edtech platforms

Source: Tech – South China Morning PostChina’s government is cracking down on the country’s booming off-campus tutoring industry, in one of the biggest overhauls of the education sector that sent dozens of publicly listed stocks tumbling in Shanghai and Hong Kong.Local authorities will ban the provision of holiday and weekend tutoring, and will no longer approve the establishment of new tuition centres, according to sources briefed on a newly released policy document promulgated by the State Council.Companies that operate edtech…Read More

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