Shanghai: Chinese education firm supported by Tencent Vipkran on Saturday will stop selling classes taught by foreign-based tutors with direct effects to comply with new rules announced for the country’s private education sector.
China last month issued a rule of restrictions with curriculum-based earnings, aiming to facilitate financial pressure that has contributed to a low birth rate but has abandoned private education companies that face significant business impacts.
Safe! You have managed to throw your votoggin to see the rules also forbid companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.
Beijing-based Vipkid is an online education platform that connects children in China with original English speakers in the United States and Canada for live video lessons.
The company said in a post on an official Wechat account that existing customers will only be able to update the class taught by overseas-based tutors until 9 August.
Add that international business for students outside China will not be affected.
Other Chinese private education companies have also reviewed their operations as a result of new rules.
Bypance also plans to close several tutoring operations, including online closed class applications, Vipkrid rivals.
Vipkid investors include Tencent Holdings, the largest media and social media company in China.
