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ByteDance is making a speedy retreat from the schooling sector, previously a strategic space the Beijing-based proprietor of TikTok had invested closely in over the previous two years, after Beijing’s new coverage banned the pursuit of revenue from off-campus tutoring.Based on native media reviews, the tech large created 9 years in the past by younger entrepreneur Zhang Yiming in his Beijing flat, is sacking 1000’s of staff in its educations enterprise. ByteDance has denied that every one its staff on…
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Zhang Yiming’s education dream dashed by Beijing as ByteDance pulls back from tutoring
