CCP crack down on Chinese big tech / private education companies so that Chinese can only listen to CCP's propagandas about how great Xi Jinping is and have their children brainwashed in the public school system to worship Xi.
Since the suspension of Ant Group’s IPO in November, Beijing has embarked on an unprecedented clampdown of its technology sector. The casualties include some of China’s leading tech companies, such as Tencent (internet conglomerate), Meituan (food delivery), Pinduoduo (ecommerce), Didi (ride-hailing app), Full Truck Alliance (freight logistics app), Kanzhun (recruitment), online private tutoring companies like New Oriental Education and TAL Education, and a crackdown on cryptocurrencies.
On the surface, China’s “tech crackdown” is exactly that: a clash between government power — wielded by the Chinese Communist Party (CCP) — and what many call the “tech sector.” The reality is more complicated.
https://thechinaproject.com/2021/08/02/chinas-big-tech-crackdown-a-guide/
At the same time, a development at ByteDance, the world’s largest private technology company, is raising “questions over how much influence Beijing is planning to wield” in China’s tech sector, per Reuters: An entity controlled by China’s central government quietly took a 1% stake and one of three board seats in the company’s key Chinese entity in April, as reported by The Information.
The 1% stake may be symbolic, but it is of a piece with the government’s approach to Big Tech right now: Only companies that cooperate with the state will be allowed to thrive.
https://thechinaproject.com/2021/08/17/china-steps-up-antitrust-campaign-with-new-draft-rules-targeting-internet-companies/
https://www.wsj.com/articles/beijing-pushes-for-a-direct-hand-in-chinas-big-tech-firms-1507758314
As SupChina has recorded in its tech crackdown tracker, after government actions already hit industries such as fintech, ecommerce, and education, state media have recently signaled that other sectors, including video streaming and even online insurance, might be in the crosshairs.
https://thechinaproject.com/2021/08/12/china-affirms-tech-crackdown-will-continue-with-more-regulations-rolling-out-through-2025/
China sees the rapid expansion of private education, both regular schools and after-class tutoring, as having corrupted the public education system and the ideals it stands for. Those ideals — of equity and a common good provided by the country and for the country — are eroding, and regulators want to reverse the trend.
https://thechinaproject.com/2021/09/09/after-online-tutoring-why-is-china-cracking-down-on-private-schools/
Tencent Holdings-backed (0700.HK) Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors to students in China with immediate effect to comply with new rules announced for the country's private education sector.
https://www.reuters.com/world/china/vipkid-stop-selling-foreign-based-tutoring-students-china-2021-08-07/