New restrictions: what's in store for China's education sector?

New restrictions: what's in store for China's education sector?

| News

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.

Mila Smart Semeshkina in the 100 Most Influential People in Dubai list

Mila Smart Semeshkina, CEO of the Lectera platform, was for the second time in a row included in Arabian Business’s 100 Most Influential People in Dubai ranking.

| News

According to Forbes columnist Mila Smart Semeshkina, "Startup success is a product of courage and foresight."

The founder and CEO of the Lectera platform, Mila Smart Semeshkina, told in her new article for the Forbes op-ed how to guarantee your startup a successful launch and a stable position in the market.

| News

Mila Smart Semeshkina receives the CEO of the Year at CEO Middle East Awards 2023!

On December 13, the annual Arabian Business’s CEO Middle East Awards ceremony was held in Dubai (UAE).

| News

Mila Smart Semeshkina Leads Inspiring Workshop on Personal Branding at UN Women Entrepreneurship Expo

Mila Semeshkina, CEO of Lectera and founder of the WE Convention, recently spearheaded a hands-on workshop on personal branding at the Women's Entrepreneurship Expo 2023.

| News


Mila Smart Semeshkina's article for Forbes: how business can make education accessible

In the 21st century, quality education is no longer a luxury; it should be a right. Everyone in the world, regardless of location, residence, gender, or financial status, should have the opportunity to obtain essential skills and knowledge to develop a career and realise one’s potential.

| News


Mila Smart Semeshkina is in the top 20 most inspiring female leaders in the Middle East

The Italian women's magazine Grazia has published an article about businesswomen in the Arab world.

| News


Mila Smart Semeshkina for Forbes: "Stories of accomplished female leaders can serve as beacons"

Mila Smart Semeshkina has published an author's column in Forbes.

| News


Mila Semeshkina for Arabian Business: "The success of Lectera wasn’t immediate"

In her new interview with the renowned business publication Arabian Business, CEO and Founder of Lectera Mila Semeshkina talks about how our platform achieved such success and why we have every chance of becoming an EdTech unicorn.

| News