The anti-commericialization wave of CN's edu industry force loads of hot money from edu fund to ran away.They r clearly natively domestic money and be constrained by de strict money cross-boarder regulation. In this case, two way showed on: shifting to local vocational&skill education and transfer to TMT(espically crypto or so called Web3.0) segment w/ solid wealth effect.De former one isnt sexy and groovy enough: fundamentally saying newborn goes down consecutively, ARPU story been prov...