Forget about cram schools and gaokao (高考 or “college entrance examination” in English), China is seeing a surge of distance learning and edtech unicorns funded by the government.
Chinese government invested a record 1.07 billion USD in edtech startups in 2015 alone, and the investment in the quality and online education is on the rise.
Some even predict China is about to surpass the US regarding education technology investment. The government announced it would invest 30 billion USD in venture capital in startups by 2020.
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