2022.03 Global Times：Chinese workers face a tough job market, but more policy support underway
Also, internet firms have been limiting the number of opening positions, including well-funded companies that have not gone public,analysts of iiMedia Research Institute, told the Global Times on Monday.Adding to the pressure on the job market is a record high number of college graduates in 2022, which is expected to reach 11 million, surpassing the 10 million mark for the first time.
2022.03 Forbes：Chinese Education Sector Faces Testing Times Based On Fenbi’s Falling Valuation
Analysts of iiMedia Research Institute says the decision to tap public markets at this less than ideal timing could largely be due to investor pressure to exit, as well as the company’s own urgent need for funds to fend off a rising number of rivals. The business that Fenbi is in—namely selling e-courses to adults in China–is one of the few opportunities left for education firms to pull off a turnaround. And companies including Gaotu, TAL Education and New Oriental have all announced plans to expand in this area.