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Chinese edtech company GSX to shut down its pre-school unit
short by Hiral Goyal / on 31 May 2021,Monday
Chinese edtech company GSX Techedu, founded by billionaire Larry Chen, is shutting down its pre-school education business for children aged 3 to 8. This comes after China decided to ban kindergarten and private-tutoring schools from teaching the elementary-school curriculum from June 1, the company's spokeswoman said. Chinese media reported that the company plans to lay off 30% of its staff.
short by Hiral Goyal / 05:35 pm on 31 May
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