New Delhi, July 28 -- The Chinese Government, in its latest regulation, announced its $100 Bn to go non-profit. The government believes that the edtech sector has triggered social inequality among urban and rural citizens of China. Since it provides additional coaching to those who can afford it, it impacts the students, as well as, university exams. The Chinese Government also banned edtech companies to take the public route, or foreign capital; making it difficult for edtech investors in China.

Major Changes announced by the China Government include:

1. Institutions that provide after-school tutoring services on academic subjects in China's compulsory education system, or Academic After-School Tutoriung (AST) Institutions, need to be ...