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There is a Chinese counterpart/copycat of Reddit --- Tieba. It is owned by Baidu (counterpart/copycat of Google). More introduction can be found here https://en.wikipedia.org/wiki/Baidu_Tieba.

Tieba was once popular just like Reddit. Then, the management (of Baidu) figured out how to make money with Tieba and its search engine to promote brand and erase negative comments. Not much people use it anymore.

The point in the article is pretty convincing to me.

They failed to realize the root cause of all these after school tutoring.

There are just not enough proper schools for them to attend. They have to compete for the spot to get an education. And all these elite colleges/high schools are located in Beijign, Shanghai, etc. They usually take in local students first.

So you see the problem. They will always be some form of private tutoring as long as there are immensive competition for basic education.

If you can constantly have 250k concurrent users. I don't think money would be an issue at that time.