China’s largest private tuition provider, New Oriental Education & Technology Group, has announced that it will close 1,500 of its training centers in the wake of new regulations that prohibit many companies in the sector from turning a profit, reports Caixin. According to media reports, the company had 1,547 training centers and 122 schools nationwide […]
Category: Employment & Education
One of the UK’s most prestigious private schools has shelved its plan to expand into China after new education regulations formed further barriers for foreign participation in the rapidly-changing education sector, reports Caixin. Westminster School announced it would not open a 2,000-pupil school in Chengdu, in Southwest China’s Sichuan province, which would have been the […]
Chinese tech giant ByteDance, owner of short-video app TikTok, has revealed a major restructuring of its business, the first major change since the company’s founder stepped back in May, reports the Financial Times. The move comes after Beijing’s crackdowns on the online education and gaming sectors have hit the company’s investments outlook and new requirements […]
The head of the American Chamber of Commerce in Shanghai, a leading US business lobby group in China, has warned of a withdrawal of western executives from the Chinese market due to tightening coronavirus controls, reports the Financial Times. Beijing has enforced over 18 months of strict border security, including three-week quarantine stays and fewer […]
Several Chinese cities, including Beijing and Shanghai, have seen a fall in the number of tutoring institutions doing business, showing the effect that the national clampdown on the after-school education industry is having, reports Caixin. In Beijing, tutoring institutions of all kinds have suffered a 60% drop in numbers since July, when the central government […]