chinese K12 online education Archives

Gaotu Techedu Expects Substantial Downturn in Revenue

Gaotu Techedu, a Chinese provider of online large-class tutoring services, on Thursday issued business updates following the release of regulatory requirements by the Beijing local government.

New Oriental’s Koolearn to Stop Off-Campus Training Business for Compulsory Education

Koolearn Technology Holding Limited, an online education company under New Oriental, announced on Monday that the group will stop off-campus training services for compulsory education in mainland China.

Chinese Online Education Platform 51Talk Reports RMB 27 Million Net Loss, Will Explore Growth Opportunities

On Tuesday, Chinese online education platform 51Talk reported that their net loss in Q2 was 27.0 million yuan, compared with net income of 32.8 million yuan for the second quarter of 2020.

TAL Comments on Closure of Offline Schools: Face-to-Face Teaching Replaced by Online Classes in Shanghai

TAL Group's face-to-face teaching in the Shanghai Branch has been changed into online courses, but not all schools are following the changes. TAL has adjusted the arrangement of some schools in China.

Parents and Employees in Education Sector Caught in Limbo as China Cracks down on For-profit Tutoring

“Welcome to our WeChat group, I am your class teacher JJ and we will start our lessons online starting 12th of July, you can download our app beforehand.”

Zuoyebang Launches Five Quality Education Products to Enhance Comany’s Transformation

Alibaba-backed Zuoyebang bags five quality education products now including three launched on Monday, one launched last year and one which will be launched soon.

VIPKid to Cease Offering Foreign-Based Tutoring Courses to Students in China

After Chinese regulators issued a set of rules known as "double reduction" to mitigate student pressure, domestic private education services firm VIPKid announced on August 7 that it will no longer sell new course packages involving overseas foreign teachers.

Chinese Education Company GSX to Close Pre-school Education Business and Cut 30% of Staff amid Increased Regulatory Pressure

Chinese online education platform GSX Techedu is shutting its early education unit and cutting jobs as Beijing escalates a campaign against the country’s burgeoning after-school tutoring sector, multiple media outlets reported.

Market Regulators Fine Online Tutoring Giants Zuoyebang and Yuanfudao for Misleading Consumers

The Beijing Municipal Bureau of Market Supervision and Administration on Monday imposed the maximum possible penalty on online education platforms Zuoyebang and Yuanfudao for unfair competition and misleading consumers.

K12 Education Gaint Zuoyebang Awarded Honorable Mention by World Economic Forum

Leading K12 online education platform Zuoyebang was awarded by the World Economic Forum an Honorable Mention for Excellence in Digital Disruption for its first annual New Champion Awards 2020 at the World Economic Forum’s inaugural Pioneers of Change Summit.

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