As the virus keeps children at home, Chinese parents and schools are turning to online education, putting pressure on industry players to deliver.
Online classes are now the only way for Beijing-based after-school operator Zhuoyue Youcai Education Technology to make money, even though they bring in less per hour than offline courses, department headmaster Lü Fei tells CNBC.
Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination on May 29, 2018 in Fuyang, China.delay the re-opening of schools to limit the spread of the new virus, parents and institutions are turning to online education, putting pressure on industry players to deliver.
Longer term, this could make online tutoring more acceptable to once hesitant parents and potentially contribute longer term to online tutoring penetration in China, in our view.China's roughly 276 million school children were heading into the month-long Lunar New Year school break when the new coronavirus hit. The disease has killed more than 2,000 people in China, and infected tens of thousands, prompting many provinces to delay the resumption of the school year for weeks.
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