Chinese adult online education sites struggle to make a profit

The ability of Chinese K-12 online education sites to turn a profit means that they grew more than 11% last year. It is much harder for online education firms that target adults to do the same.

Rumours began to circulate online over the weekend that Hujiang, a leading Shanghai-based online education site, had fired 95% of its staff in what was called "a failed valuation adjustment mechanism”.

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