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The Briefing: China Rule Changes Impact VC-Funded Companies, BYJU’s To Buy Great Learning



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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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China’s ed-tech, delivery regulatory changes hit returns for VC-backed companies
China’s overhaul of the private tutoring industry looks poised to deal a sweeping blow to returns in the space for a slew of venture-backed companies.
The Chinese government will ban companies that teach school curriculum from making profits. The decision has already resulted in steep valuation drops for public, venture-backed companies in the space, including …

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