Desire to get ahead is innate in humans, doubt this works LT and a massive blow..
"Among others, they also ban the teaching of foreign curriculums, tighten scrutiny over the import of textbooks and forbid the hiring of foreign teachers outside of China"https://t.co/JE5PpqKi6V

— Piyush Gupta (@GuptPiy) July 25, 2021

Amazed by the level of restrictions China has put on so many sectors over the past year. The sectors that can grow big in a free market - financial services, internet tech, crypto, real estate, and now education ??‍♂️ https://t.co/OiQs1mYS7F

— Wolfie Zhao (@WolfieZhao) July 25, 2021

Just like that.

China unveils sweeping overhaul of its $100 billion education tech sector.

Companies that teach the school curriculum are banned from making profits, raising capital or going public.https://t.co/C8TbVVf2Hf

— David Ingles (@DavidInglesTV) July 25, 2021

Chinese bureaucrats need to smoke a joint and calm the heck down

— Will Rocklin (@willrocklin) July 25, 2021

Ultimately the business model of these tutoring companies is the monetization of status anxiety, a problem even more severe in China than in the US. The government may not be wrong to view this stuff as a waste of resources in a zero-sum game https://t.co/FcUNhzf496

— Andrew Batson (@andrewbatson) July 25, 2021

China has banned for profit-tutoring in an attempt to reduce the financial pressures of raising a child in an attempt to increase birth rates.

The PRC knows how to manage its people better than I do, but I suspect this will just drive it underground.https://t.co/zv8hQdzQru pic.twitter.com/ZSpBcdMCeq

— Molson Hart (@Molson_Hart) July 24, 2021

China: quit studying and start f*cking. https://t.co/0YuROTvMUF

— Wesley Clark (@WesClarkjr) July 24, 2021

Serious questions on this. It says these companies MUST become non-profits. If they are already public companies, what happens to shares? Also, can a company exit tutoring, and remain for-profit? Could this be the end of VIEs?https://t.co/S06h7YvBWo

— Bill Gurley (@bgurley) July 25, 2021

Say what you want about China, but this decommodification of tutoring is good. They’re doing it, apparently, because of low birth rates among parents facing financial & social pressure. But education shouldn’t be a commodity, and here’s a plan for that. https://t.co/QNASQBzSGS

— david i. backer (@schooldaves) July 25, 2021

This may destroy certain companies, but you might as well bar water from being wet. https://t.co/AtOYh7GGiA

— Patrick Chovanec (@prchovanec) July 25, 2021

China announced a broad set of reforms for private education companies, seeking to decrease workloads for students and overhaul a sector it says has been “hijacked by capital” https://t.co/wEnSvBRtGo

— Bloomberg Next China (@next_china) July 25, 2021

China confirms official ban on for-profit school tutoring companies $TAL $EDU $GOTU https://t.co/kCsPe9LLia

— JE$US (@WallStJesus) July 25, 2021

マジか…

ブルームバーグの報道によると、学校教育を行う企業は海外からの投資を受け入れられなくなった。

China confirms official ban on for-profit school tutoring companies
https://t.co/kEI92Fb7et

— いちごろ (@panda66104256) July 25, 2021