Two of China’s largest US-listed private tutoring firms have cancelled the release of their latest earnings reports, after Beijing radically altered the landscape with new regulations that will ban many in the sector from making a profit, reported Caixin. New Oriental Education & Technology Group, the Asian nation’s biggest private tuition provider, and TAL Education Group […]
Category: Employment & Education
If there was ever any doubt, this last week has shown just how determined Those in Command are to maintain absolute control over all elements of the system and society, regardless of the implications for growth, innovation and even investment. The hammering of tech firms, most notably Tencent, and the stringent controls on education-related companies, […]
At the sprawling Beijing headquarters of Gaotu Techedu, one of the world’s biggest online education businesses, staff are braced for the worst after the group lost over 90% of its market value in a matter of months, reported the Financial Times. “They’ve been laying people off these last few days,” said one employee this week […]
A whole bunch of stuff is happening in the world of equities, with more evidence that Those in Command want to stop Chinese companies going to market in the US as much as many US politicians want to. Chinese companies that hold the data of more than 1 million users will need to pass a […]
The best news of the week was that three Chinese astronauts made it to the new fledging space station orbiting the Earth, but there was lots of stuff on the other side of the ledger, which we inevitably need to mention. Top of the heap is the G7 meeting which took place in England and […]