China is escalating a crackdown on its online education sector, which received $10B+ in VC funding last year, unraveling plans for several mega-IPOs (Bloomberg)

Bloomberg:
China is escalating a crackdown on its online education sector, which received $10B+ in VC funding last year, unraveling plans for several mega-IPOs  —  - A crackdown on predatory practices unravels mega IPOs  — It's an unprecedented campaign to dial back excesses

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