China Tightens Reins on EdTech in New Blow to Private Tutors
(Bloomberg) — China will further tighten oversight over its battered online education sector, in a clear signal that Beijing’s not yet prepared to unshackle the private tutoring arena despite loosening curbs on tech giants.
Edtech companies plunged after the Ministry of Education published a new set of restrictions that limit the fees and operating times of private tutoring services for primary and middle school students. Firms offering non-curricular tutoring will be required to end physical classes by 8:30 p.m. and online sessions by 9 p.m., while limiting one-time charges to 5,000 yuan ($720) and mandating a special trust account with state-designated banks for pre-paid fees.
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