China Education Firms to End Most Classes With Foreign Teachers
- VIPKid posts notice about the new policy on WeChat account
- Beijing imposed new regulations for private education firms
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China’s largest private education firms said they will stop providing classes taught by foreign-based tutors to students in the country, in response to a recent government directive aimed at rectifying the $100 billion sector.
Tencent Holdings Ltd.-backed VIPKid said it will cease selling new such classes effective immediately, and existing customers can renew lessons only until Aug. 9, according to a notice on its Wechat account Saturday. Students will be able to finish taking classes from foreign teachers that they have already paid for.