ByteDance is making a speedy retreat from the education sector, formerly a strategic area the Beijing-based owner of TikTok had invested heavily in over the past two years, after Beijing’s new policy banned the pursuit of profit from off-campus tutoring.According to local media reports, the tech giant created nine years ago by young entrepreneur Zhang Yiming in his Beijing flat, is sacking thousands of employees in its educations business. ByteDance has denied that all its employees on…
