A year of living dangerously: timeline of Beijing’s crackdown on China’s once high-flying edtech sector

//A year of living dangerously: timeline of Beijing’s crackdown on China’s once high-flying edtech sector

A year of living dangerously: timeline of Beijing’s crackdown on China’s once high-flying edtech sector

The 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…

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By | 2021-11-16T02:00:26+00:00 November 16th, 2021|Technology|Comments Off on A year of living dangerously: timeline of Beijing’s crackdown on China’s once high-flying edtech sector