| Founded | 2012 |
|---|---|
| Closed | 2021 |
| Country | China |
| Sector | Edtech |
| Collapse type | Regulatory Kill |
Yuanfudao
"The 15 billion dollar edtech unicorn that was erased by a single government policy"
Forced closure by regulatory action
Key Events Timeline
The Chinese government Double Reduction (shuang jian) policy in July 2021 banned for-profit tutoring companies from teaching core academic subjects to K-12 students on weekends and holidays.
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