16 days ago • Posted by William Ramstein
Chinese edtech stocks fall after government steps in
China's president Xi Jinping wants to curb the added pressure put on kids by the surge in edtech--China is well known for its academic pressure-cooker culture. Because of the country's size, edtech has gathered a large number of followers. This partly explains why education startups have attracted $10.5B of funding last year. GSX techedu, New Oriental education and TAL education have shed off $55B of value since the start of March.