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Is Ebo Education closed down?
Ebo Education went out of business.

1, closing reason

Ebo Education closed down mainly because of poor management of the company and changes in the market environment. Over the years, the platform has been committed to providing high-quality online education services for students and won the trust of students and investors. This bankruptcy has brought huge economic and psychological losses to students and parents.

2. Compensation scheme

The education department, in conjunction with the CSRC, the Supervision Bureau and other relevant departments, conducted an investigation on educational institutions with abnormal refund fees, found out a large amount of funds, and transferred them to third-party financial asset management companies for refund. Now, a special refund team has been set up to refund fees for students.

At present, the education department has learned that a large number of educational institutions in various provinces, cities and counties in China have not refunded their fees as required by the state when they quit the education industry. The education department has made great progress in giving feedback to relevant departments and the Supervision Bureau of CSRC as soon as possible.

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