Some shareholders of Dulwich College are in talks for a sale of the British school's China-heavy Asia operations, two sources have said, in the latest indication of how turmoil in China's $570 billion education industry is forcing overhauls at institutions.
Dozens of international and private schools in China are closing or merging, industry executives have said, weighed down by tighter regulation, a slowing economy and dwindling foreign student numbers.
A rapid expansion prior to the COVID-19 pandemic drove a surge of privately run bilingual schools in China offering a western exam curriculum. But the business stumbled as Beijing imposed new rules in 2021 and cracked down on the private tutoring business, aimed at easing pressure on children and lowering family costs.