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.
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.
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.