Children in gowns and mortar boards during their kindergarten graduation ceremony in Handan, Hebei province on June 20, 2017. Photo: China Daily via Reuters
Children in gowns and mortar boards during their kindergarten graduation ceremony in Handan, Hebei province on June 20, 2017. Photo: China Daily via Reuters

China bans off-campus tutoring in education overhaul that sets off market rout among dozens of listed edtech platforms

  • Local authorities will ban holiday and weekend tutoring, and will no longer approve tuition centres, according to a document from the State Council
  • Companies that operate edtech platforms will not be allowed to raise capital through initial public offerings

Children in gowns and mortar boards during their kindergarten graduation ceremony in Handan, Hebei province on June 20, 2017. Photo: China Daily via Reuters
Children in gowns and mortar boards during their kindergarten graduation ceremony in Handan, Hebei province on June 20, 2017. Photo: China Daily via Reuters
READ FULL ARTICLE