Amazon quits India's frenzied edtech market

Amazon has quit India's market for online educational services. The e-commerce giant last year launched a service called Amazon Academy, offering tutoring for high school exams and the tests that allow admission to India's elite engineering and technology universities. Amazon Academy was just one of many edtech players. India …

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May be different in India

> losses topping half a billion dollars

It may be different in India. In the US, over 300 years, except the 1960s, higher education has been a money sink. Despite stiff tuition, most colleges run at a loss, subsidized by begging from alumni. (The "golden year" was when space-race promises finally cashed-in, just before that plan went broke.) The uni I went to, in the 1750s the tutors slept in the lecture hall because they could not afford to get rooms in town. It later merged with a newer school, in the 1920s the tutors slept in the Dean's home (and a huge shack made of WWI surplus), again because they were broke. India may have a better attitude to education and funding, but they are sure to also do some bits wrong.