Edtech investors are increasingly going global, but regulatory crackdowns in China, which instructed K-12 tutoring startups to go non-profit, have led to a chill among check-writers in the country.
Duolingo boosts IPO price target in boon to edtech startups
Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top.
As China shakes up regulations, tech companies suffer
Things in China seem to be changing for the worse, in terms of both future access to foreign capital for Chinese companies and doing business in the country overall.
China’s expected edtech clampdown may chill a key startup sector
When it comes to control, the Chinese government doesn’t mind wiping out a few dozen billion dollars in market cap here and there. That’s not a great system.