Global investors from Tiger Global Management to Temasek Holdings Pte are reeling as China prepares to impose its harshest curbs yet on its US$100 billion ($136 billion) private tutoring and online education sector.

China is considering asking companies that offer tutoring on the school curriculum to go non-profit, people familiar told Bloomberg News, potentially wiping out a big chunk of the billions that private equity and venture capital funds have staked on a once red-hot sector.

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