From Ed Surge: “China’s ballooning edtech market is suddenly deflating thanks to new government restrictions on lucrative private tutoring companies that serve millions of the country’s children. … The new rules restrict both tutoring services and the profits they generate. They limit online lessons to 30-minute sessions; impose a tutoring curfew of 9 p.m; and prohibit instruction during weekends, holidays and school breaks. Companies that offer private instruction in core subjects will have to register as nonprofits and will no longer be able to raise investment capital through IPOs or advertise their programs. … the new government rules prohibit ‘overseas education courses’ and also ban hiring foreign teachers who live overseas.”
