Winter is coming for China’s once booming off-campus training market and that could mean spring is right around the corner for China’s Big Tech

Source: South China Morning PostThe Haidian Huangzhuang area in Beijing was once a mecca for students wanting to improve their exam performance.Located in northwest Beijing close to the prestigious Peking University and Tsinghua University, it was home to hundreds of off-campus training schools, while Huangzhuang had become the capital of China’s booming K-12 training market with 600,000 institutions.The outbreak of Covid-19, however, dealt a heavy blow to the burgeoning sector, with revenues shrinking by half in 2020 from…Read More

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