Zuoyebang: Edtech giant Zuoyebang moves into printer market after private tutoring crackdown

Chinese online education platform Zuoyebang is expanding into the printer market and has set up a business arm for developing its printer business as it seeks new revenue sources. This new business arm now employs around 100 people, consisting mainly of former employees of traditional printer manufacturers, such as Canon, HP, and Epson. The Beijing-based company plans to launch a new printer product on Wednesday, local media outlet 36kr reported. China's clampdown on the private tutoring industry has brought nearly every major player in the sector to its knees since last year. These companies are now seeking alternative business avenues, with New Oriental founder and president Yu Minhong launching a livestream e-commerce project in November last year. [36kr, in Chinese]