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1. • Cut noncore operations

     • Tencent Holdings is closing down its 10-year-old online education platform with more than 400 million users, as the Chinese video gaming and social media giant continues to cut noncore operations.
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     Tencent to close online education service as tech giant cuts ...

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   Why is Tencent closing down its online education platform?

   • Tencent Holdings is closing down its 10-year-old online education platform with more than 400 million users, as the Chinese video gaming and social media giant continues to cut noncore operations.

   Tencent to close online education service as tech giant cuts back on

   www.scmp.com/tech/big-tech/article/3268715/tencent-close-online-education-service-tech-giant-cuts-back-noncore-operations

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   Why is Tencent shuttering its online education service?

   • Shuttering the online education service shows Tencent’s focus on its restructuring strategy, about a year and half after founder, chairman and chief executive Pony Ma Huateng said the company must get into a habit of cutting costs and finding core areas, instead of seeking expansion and scale.

   Tencent to close online education service as tech giant cuts back on

   www.scmp.com/tech/big-tech/article/3268715/tencent-close-online-education-service-tech-giant-cuts-back-noncore-operations

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   Does Tencent Ketang have a cost-cutting strategy?

   • E-learning platforms like Tencent Ketang, however, saw increased competition from Bilibili and other video-streaming sites that offered education content. Shuttering the 10-year-old online education platform with more than 400 million users shows Tencent’s focus on its cost-cutting strategy.

   Tencent to close online education service as tech giant cuts back on

   www.scmp.com/tech/big-tech/article/3268715/tencent-close-online-education-service-tech-giant-cuts-back-noncore-operations

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   What happened to Tencent?

   • Last December, Tencent offloaded its loss-making animation and comics business to subsidiary China Literature, the country’s largest online publishing and e-book company in a 600 million yuan (US$83.6 million) deal. In the same month, Tencent closed its seven-year-old live-streaming service Now as part of “business adjustments”.

   Tencent to close online education service as tech giant cuts back on

   www.scmp.com/tech/big-tech/article/3268715/tencent-close-online-education-service-tech-giant-cuts-back-noncore-operations

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   Is China cracking down on online education?

   • China is escalating a crackdown on its online education sector, forcing once high-flying startups to mothball plans for multi-billion-dollar initial public offerings this year.

   As China cracks down on online education, it wrecks IPO

   www.aljazeera.com/economy/2021/5/31/bb-as-china-cracks-down-on-ed-tech-it-wrecks-ipo-prospects

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   Why did VIPKid stop selling classes to Chinese students?

   • SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed (0700.HK) Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors to students in China with immediate effect to comply with new rules announced for the country's private education sector.

   VIPKid to stop selling foreign-based tutoring to students in China

   www.reuters.com/world/china/vipkid-stop-selling-foreign-based-tutoring-students-china-2021-08-07/

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3. www.bbc.com › news › business-57966027Shares in Chinese online tutoring firms slump after shake-up

   www.bbc.com › news › business-57966027

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   Jul 26, 2021 · The announcement comes as Chinese authorities are cracking down on a wide range of online services from ride-hailing app Didi to Tencent's music streaming platforms.

4. www.aljazeera.com › economy › 2021/5/31As China cracks down on online education, it wrecks IPO ...

   www.aljazeera.com › economy › 2021/5/31

   • Cached

   May 31, 2021 · China is escalating a crackdown on its online education sector, forcing once high-flying startups to mothball plans for multi-billion-dollar initial public offerings this year.

5. ground.news › article › tencent-to-close-onlineTencent to close online education platform as restructuring ...

   ground.news › article › tencent-to-close-online

   • Cached

   Shuttering the 10-year-old online education platform with more than 400 million users shows Tencent’s focus on its cost-cutting strategy.

6. www.reuters.com › article › technologyTencent-backed online education firm Yuanfudao raises $1 ...

   www.reuters.com › article › technology

   Mar 31, 2020 · Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.

7. www.reuters.com › world › chinaVIPKid to stop selling foreign-based tutoring to students in ...

   www.reuters.com › world › china

   Aug 7, 2021 · Tencent Holdings-backed (0700.HK) Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors to students in China with immediate effect to...

8. lynk.global › insights › chinas-k12-online-educationChina’s K-12 Online Education: Will the Momentum Sustain ...

   lynk.global › insights › chinas-k12-online-education

   Apr 13, 2021 · Another two major players in the AI-assisted art tutoring space are the Tencent-backed Chinese online art education platform Meishubao Education who has so far raised over US$306 million in seven rounds of financing, and 61draw.com whose investors include TAL Education Group.