Capital Monopoly and the Demise of the Online Education Industry
Recent two trading days have seen a significant downturn in the stock market, exposing newcomers to the risks of the market. China is about to enter an aging demographic phase, and birth rates are dismal, with the decline exceeding the estimates of relevant experts, hindering industries that obstruct declining birth rates; the Party will take decisive action.
Reducing Student Burden
Those of us born in the 1990s didn’t have as many interest classes or tutoring sessions; after school, we would run wild playing. This was first due to the limitations of our families’ conditions and second because tutoring centers hadn’t yet established a brand effect, convincing parents to trust them. Twenty years have passed in a flash, and since 2019, the capitalization of K12 education has seen the rise of online tutoring companies like猿辅导 (Yuancu Tu), bolstered by capital, which have created various high-end tutoring centers by concentrating excellent resources. Despite exorbitant fees, parental enthusiasm remains unstoppable.