China to Issue Licenses for Education Companies to Resume After-School Tutoring

SINGAPORE—China’s govt ideas to issue more than a dozen licenses that would make it possible for firms to offer you soon after-school tutoring, according to people familiar with the matter, capping months of turbulence for a as soon as-flourishing marketplace devastated by new limitations.

Tutoring firms which include Gaotu Techedu Inc., earlier recognised as GSX Techedu Inc., and Tencent Holdings Ltd. -backed Yuanfudao, have engaged in conversations with regulators in recent weeks about an arrangement that would allow for them to resume featuring tutoring solutions to pupils in the ninth quality and down below, reported persons acquainted with the talks.