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For Chinese K12 online education companies, this June has been unnervingly quiet due to tightening regulation targeting the online education industry.
The sun is scorching every corner of China with summer heat at the moment, yet a Traditional Chinese Medicine (TCM) product called Pien Tze Huang (PTH) has sparked even more heated discussion across Chinese media. Sold at 590 yuan (about $90) for just one 3-gram pill, with customers craving more, PTH is the unabashed hottest star in the Chinese pharmaceutical market for the first half of this year. In this piece we zoom in on the tiny magic pill to find out what power is contained therein and what is behind the frenzy.
While the Chinese motto “education changes fate” may have lost its validity among the rural population, for Chinese urban middle class, quality education is still the best possible way to climb the social ladder.
There are more to China's ban on foreign-based teachers than easing students' academic burden. But the new approach may miss the real target.
Meituan is testing a service called "Local Eating". This service is embedded in the Meituan App's food delivery service and is similar to a takeout version of "Xiaohongshu."