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NetEase e-learning unit slashes New York IPO target to avoid fate of rival Chinese online education platforms

Only 5% of China’s online education businesses for pre-college students are profitable, according to one estimate.

4 mins read
  • A regular Chinese internet user consumes over six hours of the day on digital devices.

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    Chinese netizens spend 15% of screen time browsing short videos, report says

    1 min read

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