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Education

Tiger mom effect: China passes US in educational tech investing

Unicorns like VIPKid open up new opportunities for neglected rural students

Peking University is one of China's most prestigious schools. Chinese families spend more than 20% of their income on educating their children, according to a survey.   © Reuters

DALIAN, China -- China has surpassed the U.S. as both the top investor and breeding ground for unicorns in educational technology, propelled by anxious Chinese parents looking to give their children a leg up in the country's cutthroat academic race.

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