China edtech companies pivot to survive private tutoring crackdown

China

4 min read

Oct 29, 2021

By Wang Xiao'e

Image: Shutterstock

AI adaptive personalized learning is the bright star, attracting investors and corporates

Not long ago, word that Yuanfudao, once the world’s most valuable edtech startup, had turned to selling down coats set the Internet abuzz in China. The company had posted job openings for fashion designers on recruitment portals viewed by many. In response, Yuanfudao clarified it was indeed staging a pivot – but only to B2B education. The garment gig was a small investment as part of diversification, it said.
Ever since the Chinese authorities banned companies from making money tutoring students in national curriculum subjects in late July, Yuanfudao accelerated its business transform...

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Edited by Selva Kumar

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IN THIS INSIGHT

STARTUPS Yuanfudao

China

STARTUPS Squirrel AI

China

Founders Li Haoyang (Derek Li)

China Chairman and Founder of Squirrel AI

Founders Wang Feng (Jeff Wang)

China Co-founder of Squirrel AI

Founders Zhou Wei (Jason Zhou)

China CEO and Co-founder of Squirrel AI

Founders Fan Xing

China CTO and Co-founder of Squirrel AI

Founders Cui Wei

China Chief Scientist and Co-founder of Squirrel AI

Founders Li Yong

China CEO and co-founder of Yuanfudao

Founders Li Xin

China VP and co-founder of Yuanfudao

Founders Guo Changzhen

China Technology director and co-founder of Yuanfudao

Founders Shuai Ke

China Co-founder of Yuanfudao

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