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

//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

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

The 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…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-27T03:00:23+00:00 March 27th, 2021|Business|Comments Off on 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