# Civil Service Exams

Cynicism and the 'Iron Bowl': Fenbi CEO’s Stock Market Flex Reveals Rot in China’s Ed-Tech Sector

The CEO of Chinese ed-tech giant Fenbi, Zhang Xiaolong, sparked outrage by boasting of stock market gains while his company’s valuation has collapsed. The incident underscores the tension between China's struggling youth employment market and the ed-tech firms profiting from civil service exam prep.