Posted inChina

China’s next big regulatory clampdown: EdTech

China’s booming EdTech industry is under tough new regulatory scrutiny, stirring worry and doubt among the many firms that have recently cut lucrative niches in the growing online space. China’s two largest EdTech unicorns, Zuoyebang and Yuanfudao, were recently fined 2.5 million yuan (US$386,000) each for reputedly misleading customers with false advertising and unfair pricing […]