Sources: China is considering turning online tutoring companies into non-profits, unable to raise capital or go public, clamping down on the $100B industry (Bloomberg)

Bloomberg:
Sources: China is considering turning online tutoring companies into non-profits, unable to raise capital or go public, clamping down on the $100B industry  —  - Edtech firms to be banned from going public, foreign capital  — Vacation, weekend tutoring for school subjects will be banned