In its harshest crackdown on the online education sector, China’s government has issued new rules that ban tutoring companies that teach the school curriculum from raising funds or going public, state-owned Xinhua news agency reported. The rules, released Saturday, also prohibit listed companies and foreign investors from investing in such tutoring businesses. Moreover, the rules also stated...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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