VC-backed Chinese online tutor Xueba close to bankruptcy
Xueba100.com, a China-based one-to-one online tuition platform, has halted operations and is looking for industry peers to assume responsibility for its students and teachers.
Kailei Zhang, the company's founder, made the appeal in a public letter of apology. Xueba has 10,000 teachers and 3,000 support staff that serve a student user base of 50,000. AVCJ Research's records...
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