BEIJING :TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some of its tutoring operations, after China imposed sweeping regulations on the sector, two sources with knowledge of the matter said.China last month issued rules barring curriculum-bas
BEIJING :TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some of its tutoring operations, after China imposed sweeping regulations on the sector, two sources with knowledge of the matter said.
ByteDance will lay off some teachers, sales and advertising staff in the education unit and will shut its curriculum-focused preschool and K12 tutoring businesses in China to be compliant with the regulations, according to one of the sources and a third source. It established education unit Dali, which translates to"forceful strength" in Chinese, last October and runs several tutoring apps aimed at preschool kids and K12 students. The unit has more than 10,000 employees and its other products include school courses tutoring app Qingbei.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ByteDance to lay off staff, close businesses over China tutoring clampdown - sourcesBEIJING : TikTok owner ByteDance told employees on Thursday that it planned to lay off teachers, sales and advertising employees in its education business after China imposed sweeping regulations on the private tutoring sector, two sources said.ByteDance will also shut down its curriculum-focused preschoo
Read more »
ByteDance to lay off staff, close businesses over China tutoring clampdown -sourcesBEIJING : TikTok owner ByteDance told employees on Thursday that it planned to lay off teachers, sales and advertising employees in its education business after China imposed sweeping regulations on the private tutoring sector, two sources said.ByteDance will also shut down its curriculum-focused preschoo
Read more »
Beijing and Asean’s long-awaited South China Sea code of conduct inches forwardChina and the Asean nations have agreed on part of the text of the long-waited code of conduct for the South China Sea, Chinese Foreign Minister Wang Yi said in an address in which he described the US as “the biggest troublemaker” in the disputed waterway. During a virtual summit with his counterparts from the 10-member Association of Southeast Asian Nations on Tuesday, Wang also warned against “external interference” in the South China Sea, in a pointed rebuke to the US. Up to a third of world
Read more »
Honda, Nissan report lower China sales in July, Toyota upJapanese automakers Honda Motor and Nissan Motor saw their sales in China tumble in July as overall sales in the world's biggest car market decline.
Read more »
China mass testing shows virus cases at six-month highChina on Wednesday reported its highest daily number of local coronavirus cases in months as mass testing and contact tracing campaigns uncovered a trail of Delta variant infections.
Read more »