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Tencent has invested in education startups in Nigeria, Austria and other overseas markets this year after Chinese authorities introduced tight restrictions on tutoring services in the country.
On March 14, Xueersi Online, a digital platform owned by Chinese extracurricular education company Tomorrow Advancing Life (TAL), was accused of violating the Double Reduction policy that China previously implemented in an effort to alleviate student stress.
Private tutoring businesses in China are exploring new growth avenues since the introduction of the "Double Reduction" policy. With the rising popularity of ChatGPT, they have started to incorporate AI into its training products.
ByteDance's Dali Education has launched an educational collaboration platform named "Dali Space." This represents another new business attempt by Dali Education after the release of China's "Double Reduction" education policy.
Recently, many netizens said on social platforms that Chinese private tutoring institution New Oriental Education had sent job invitations to all former teachers. On August 21, the firm responded that the news was true.
In 2022, under the pressure of the Double Reduction policy, many K12 education companies in China, including New Oriental Education & Technology Group and Doushen Education, transformed into the live-streaming field.