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August 04, 2021 published at 2:26 AMReuters The Tencent Games logo is seen on its game on a mobile phone in this illustration picture taken Aug 3, 2021. Reuters SHANGHAI/SINGAPORE, Aug 3 - Bewildered investors in China's tech sector scrambled once again from regulators on Tuesday (Aug 3), fearing that a state media story that likened internet gaming to opium signals a new front in the barrage of scrutiny that is being directed toward big business. The article was later altered to remove the historically loaded opium reference, but, together with the opening of a probe into automotive chip di...

School's Out? Tuition Curbs Pile On The Anxiety For China's Parents By Beiyi SEOW 07/29/21 AT 11:05 PM In Beijing's exclusive Haidian district, Zhao says she ploughs $10,000 a year into extra classes for her eight-year-old, a leg up in the competitive scramble of modern China -- and an advantage the state now wants to restrict. As they scythe down oversized businesses, Chinese authorities say the vast tutoring sector has to turn non-profit, effectively wiping out the business models of education companies that have spun billions from the anxieties of China's parents. Chinese authorities...

Un enfant avec ses parents pour prendre un cours de soutien privé à Pékin, le 28 juillet 2021 (AFP/NOEL CELIS) Plus de cours de soutien le week-end ni pendant les vacances: prises au dépourvu par le tour de vis de Pékin au secteur éducatif privé, des familles obsédées par la réussite de leurs enfants cherchent un plan B. L'industrie des cours de soutien et des préparations d'examens est un créneau extrêmement juteux en Chine, où l'enseignement est particulièrement compétitif et élitiste. Un décret du gouvernement publié le week-end dernier est venu bousculer les parents c...

By Syndicated Content Jul 25, 2021 | 9:06 PM HONG KONG (Reuters) -China’s private education firms are bracing for a “material” hit to their operations after Beijing announced new rules barring for-profit tutoring in core school subjects to ease financial pressures on families. News of the rule changes on Friday sent shockwaves through China’s $120 billion private tutoring sector and triggered a massive sell-off in the shares of companies including U.S.-listed TAL Education Group and Gaotu Techedu. Under the new rules, all institutions offering tutoring on the scho...

China's new private tutoring rules put billions of dollars at stake Reuters 6 hrs ago © Reuters/THOMAS PETER People pick up children from a school in Beijing HONG KONG (Reuters) -China's sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors had bet billions of dollars on in recent years. Popular Searches The new rules released on Friday bars for-profit tutoring in core school subjects in an effort to boost the country's birth rate by lowering family li...