Investment continues to pour into China’s burgeoning “AI education market” — a buzz-term packed industry that claims to use machine learning and other technologies to supercharge pedagogy.
App-based homework-helper Knowbox announced this month that it secured $150 million of additional funding from investors led by internet giant Alibaba Group Holding Ltd. Yet despite the money sloshing around, the slew of companies that have entered the industry are still struggling to find sustainable business models due to high marketing costs.
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