China sets long-term education modernization goals. Regulation on use of digital technologies is implemented in schools. K-12 players strengthen VC interest with new deals. Tomorrow Advancing Life (TAL) Education acquires Ready4.
China sets long-term goals through its Education Modernisation and Implementation plan. The culture of a strong focus on academic exams drives interest in online tutoring services in the K-12 segment, although increasing attention is also being given to Suzhi education that differs from exam-oriented learning. A cap on the use of digital technologies affects in- school homework apps. TAL Education makes its second foray outside its traditional market with the acquisition of online courses provider Ready4.