Koolearn (K-12)
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Koolearn's K-12 business was its after-school tutoring service in core curriculum subjects for kindergarten-to-ninth-grade students - a business that accounted for up to 40% of Koolearn Technology's total revenue.
02 / Koolearn (K-12) FAILURE REASONS
Failure factors
board decided to cease K-9 academic after-school tutoring in Mainland China to comply with PRC Double Reduction / New Regulations on compulsory-education tutoring.
Board cited PRC New Regulations / Double Reduction on compulsory-education after-school tutoring as the reason for cessation.
03 / EVENT HISTORY
Events in the structured record
- Product or service closed
The board announced in October 2021 that mainland compulsory-education tutoring would cease, with an expected effective date at the end of November.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
China's July 2021 'Double Reduction' policy barred for-profit tutoring in core curriculum subjects.
- 02
Koolearn announced it would suspend all K-9 after-school tutoring services in core subjects by the end of November 2021.
- 03
The K-9 tutoring business - up to 40% of revenue - was shut down; Koolearn shifted to other education products and launched East Buy live-stream e-commerce.
- 04
No audited loss figure was disclosed.