News Snapshot:
In the summer of 2021, China banned kids from playing online games for more than 3 hours per week to safeguard their physical and mental health. A few weeks later, China’s Ministry of Education enforced new sweeping rules that barred Chinese education and private tutoring companies from turning a profit or raising funding on stock markets. The announcement rippled through the Chinese education sector and wiped billions of dollars off the market value of publicly traded education firms in Hong Kong and New York. Now, the sweeping overhaul of China’s education industry is taking a toll on China’s largest private...
