Companies that teach school subjects can no longer accept overseas investment, which could include capital from the offshore registered entities of Chinese firms, according to a notice released by the State Council.
China unveiled a sweeping overhaul of its US$100 billion ($136 billion) education tech sector, banning companies that teach the school curriculum from making profits, raising capital or going public.
Beijing on Saturday, July 24, published a plethora of regulations that together threaten to up-end the sector and jeopardize billions of dollars in foreign investment.
