Edtech

Young tutors are leaving the industry, in some cases unwillingly, because of the sector’s decimation.

Thousands of employees of Dali Education, ByteDance’s edtech division, are being laid off.

Two US-listed edtech companies, New Oriental and TAL Education, will not disclose quarterly financial results for the three months ended June 30.

Foreign languages, study abroad, and vocational training among new focus areas.

The edtech company plans to use the funding to scale existing offerings under its exam prep vertical and build platforms for new verticals like job search, content creation, and upskilling.

After a series of fines, warnings, and regulations to curb what the government views as a predatory industry, authorities issue the final blow.

Having raised over USD 850 million this year so far, on top of the USD 1 billion-plus funding it received from investors in 2020, the company is likely to continue its acquisition spree.

A slowdown in short-video growth triggers ByteDance’s search for other monetization methods in e-commerce, on-demand services, and healthcare.