Source: Tech – South China Morning PostThe contrast could not have been more stark. This year’s crackdown on China’s US$70 billion edtech sector followed a jubilant 2020, when firms that developed online courses, homework assistant apps and offline training centres were reaping huge gains during the Covid-19 pandemic that forced students to stay at home and study in front of a screen.In 2020, roughly US$10.5 billion of venture capital money poured into the sector, with many investors looking for a fruitful exit after the IPO of…Read More