Tech

China is escalating a crackdown on its on-line schooling sector, which acquired $10B+ in VC funding final yr, unraveling plans for a number of mega-IPOs (Bloomberg)




Bloomberg:

China is escalating a crackdown on its on-line schooling sector, which acquired $10B+ in VC funding final yr, unraveling plans for a number of mega-IPOs  —  – A crackdown on predatory practices unravels mega IPOs  — It is an unprecedented marketing campaign to dial again excesses





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