China's updated "education" law has banned local companies from providing tutoring services, attracting foreign investment in the edTech sector and listing on stock exchanges.  Analysts predict that the government will soon refuse to register new education companies.

Changes are also afoot in the technological field where companies are not allowed to use foreign educational systems, even if the entire teaching system is currently based on them.   Additionally, educational organisations won't work on holidays, weekends and school holidays, and children under the age of 6 won't be able to study with tutors.  Major players in the market are already reporting a drop in revenues, and the bleak outlook for the financial future is forcing employees to move to organisations from other sectors.

Furthermore, the bill has had a major impact on the labour market because foreign teachers are no longer allowed to work in educational establishments under the new rules.  Chinese children, however, are allowed to take lessons from foreign teachers.  However, it isn't yet clear how this paradox will work in practice.

Investor interest in the Chinese EdTech giants is waning by the day.  Shares of the big 'education provider' New Oriental Education and Technology, listed on the New York Stock Exchange,already fell by 50%.  Analysts report that the monthly number of classes booked by students has dropped significantly. As a result, the average tutor's salary for a single lesson has fallen by several dozen per cent.  Parents are also no help for the market growth, because they are paralyzed in anticipation of further law bills, and have temporarily given up on tutoring sessions. This is costing EdTech projects dearly.  Previously, up to 75% of students aged between six and eighteen took extra tutoring lessons, while childcares often taught first-grade curriculum.

Education news digest: strikes, attacks, bypassing firewalls, and changes in education systems and global rankings

More than one storm cloud has passed in the world of education since we updated our Education Digest column. Of course, universities, schools and online platforms did not descend into chaos, but they definitely faced old threats in a new guise.

Mila Semeshkina on the cover of April Forbes Club!

Lectera already has offices in Moscow, Miami, and Dubai and plans to open a representative office in Europe.

April education news

No matter what is happening in the world, learning remains an integral part of our lives. So, following our usual tradition, we have gathered together for you the most positive and exciting April news from the field of education to inspire you in your May educational exploits! Recognized as one of the Top 10 Florida Tech Startups 2022 by Startupcity

A panel of industry experts selected based on an evaluation of the company's achievements and innovations in the education sector.

The top 10 educational news stories from 2021: Lectera edition

Did you know that first-ever correspondence courses were the forebears of modern online education? They first appeared back in 1728.

New course category at Lectera. Master a new profession! 

We have great news for you: Lectera now has a new online career course category! 

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Lectera methodologists win a prize at the Mozlab Hackathon

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Lectera conquers the Indian online education market

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Mila Semeshkina's interview in Business Insider Africa: discussing Lectera's results after the first year of operation

Lectera has recently celebrated its first anniversary! In just over a year, we have managed to achieve incredible results. We now have an annual turnover of $5 million, increasing our number of students to 180,000 individuals from 50 different countries worldwide and conquering Africa's educational market.