Your loss is our gain, China. The Chinese government just started a massive crackdown on its own Ed-tech industry. The existing Ed-tech firms have been subjected to a lot of financial pain by the move and the upcoming ed-tech startups have been told they can never go public, be for-profit or basically make any money off of it. Now, why'd China try to crack down one of its most up and coming and already massively valued industries (somewhere around 100 Billion $), the answer is a bit tricky. What you may be looking at is the annual exam "gaokao" which is used to get into prestigious undergraduate colleges, not very different from the JEE or NEET. It is a matter of immense prestige for you to have cracked the gaokao amongst so much of competition and parents (of course) take immense pride in it. At the center of all this controversy stands gaokao. What the government claims is the reason why they "had to" pull this move is exploitation. Yes, exploitation. The Ch...