Following the imposition of strict and sweeping regulations on the online education sector by Chinese regulators, TikTok owner ByteDance is planning to cut down some jobs and close down some of the tutoring business, said reports quoting sources with knowledge of the matter. Rules that ban profit making by companies offering curriculum-based tutoring services were imposed in China last month with the aim of bringing down some of the financial pressures on parents or for couples planning to have children which have contributed to the low birth rates. The new regulations have put intense pressure on private education companies for...