HybriU: A Cloaked Threat in U.S. Higher Ed That the House Committee on the CCP Has Ignored

[Editor's note: The Higher Education Inquirer has attempted to contact the House Select Committee on the Chinese Communist Party a number of times regarding our extensive investigation of Ambow Education and HybriU.  As of this posting, we have never received a response.]  

In the evolving landscape of U.S. higher education, one emerging force has attracted growing concern from the Higher Education Inquirer but remarkably little attention from policymakers: Ambow Education’s HybriU platform. Marketed as a next-generation AI-powered “phygital” learning solution designed to merge online and in-person instruction, HybriU raises serious questions about academic credibility, data governance, and foreign influence. Yet it has remained largely outside the scope of inquiry by the House Select Committee on the Chinese Communist Party.

Ambow Education has long operated in opaque corners of the for-profit higher education world. Headquartered in the Cayman Islands with a U.S. presence in Cupertino, California, the company’s governance and leadership history are tangled and controversial. 

Under CEO and Board Chair Jin Huang, Ambow has repeatedly survived regulatory and institutional crises, prompting the HEI to liken her to “Harry Houdini” for her ability to evade sustained accountability even as schools under Ambow’s control deteriorated. Huang has at times held multiple executive and board roles simultaneously, a concentration of authority that has raised persistent governance concerns. Questions surrounding her academic credentials have also lingered, with no publicly verifiable evidence confirming completion of the doctoral degree she claims.

Ambow’s U.S. footprint includes Bay State College in Boston, which was fined by the Massachusetts Attorney General for deceptive marketing and closed in 2023 after losing accreditation, and the NewSchool of Architecture and Design in San Diego, which continues to operate under financial strain, low enrollment, leadership instability, and federal Heightened Cash Monitoring. These institutional failures form the backdrop against which HybriU is now being promoted as Ambow’s technological reinvention.

Introduced in 2024, HybriU is marketed as an AI-integrated hybrid learning ecosystem combining immersive digital environments, classroom analytics, and global connectivity into a unified platform. Ambow claims the HybriU Global Learning Network will allow U.S. institutions to expand enrollment by connecting international students to hybrid classrooms without traditional visa pathways. Yet independent reporting has found little publicly verifiable evidence of meaningful adoption at major U.S. universities, demonstrated learning outcomes, or independent assessments of HybriU’s educational value, cybersecurity posture, or data governance practices. Much of the platform’s public presentation relies on aspirational language, promotional imagery, and forward-looking statements rather than demonstrable results.

Compounding these concerns is Ambow’s extreme financial fragility. The company’s market capitalization currently stands at approximately US$9.54 million, placing it below the US$10 million threshold widely regarded by investors as a major risk category. Companies at this scale are often lightly scrutinized, thinly traded, and highly vulnerable to operational disruption. Ambow’s share price has also been highly volatile, with an average weekly price change of roughly 22 percent over the past three months, signaling instability and speculative trading rather than confidence in long-term fundamentals. For a company pitching itself as a provider of mission-critical educational infrastructure, such volatility raises serious questions about continuity, vendor risk, and institutional exposure should the company falter or fail.

Ambow’s own financial disclosures report modest HybriU revenues and cite partnerships with institutions such as Colorado State University and the University of the West. However, the terms, scope, and safeguards associated with these relationships have not been publicly disclosed or independently validated. At the same time, Ambow’s reported research and development spending remains minimal relative to its technological claims, reinforcing concerns that HybriU may be more marketing construct than mature platform.

The risks posed by HybriU extend beyond performance and balance sheets. Ambow’s corporate structure, leadership history, and prior disclosures acknowledging Chinese influence in earlier filings raise unresolved governance and jurisdictional questions. While the company asserts it divested its China-based education operations in 2022, executive ties, auditing arrangements, and opaque ownership structures remain. When a platform seeks deep integration into classroom systems, student engagement tools, and institutional data flows, opacity combined with financial fragility becomes a systemic risk rather than a marginal one.

This risk is heightened by the current political environment. With the Trump Administration signaling a softer, more transactional posture toward the CCP—particularly in areas involving business interests, deregulation, and foreign capital—platforms like HybriU may face even less scrutiny going forward. While rhetorical concern about China persists, enforcement priorities appear selective, and ed-tech platforms embedded quietly into academic infrastructure may escape meaningful oversight altogether.

Despite its mandate to investigate CCP influence across U.S. institutions, the House Select Committee on the CCP has not publicly examined Ambow Education or HybriU. There has been no hearing, subpoena, or formal inquiry into the platform’s governance, data practices, financial viability, or long-term risks. This silence reflects a broader blind spot: influence in higher education increasingly arrives not through visible programs or exchanges, but through software platforms and digital infrastructure that operate beneath the political radar.

For colleges and universities considering partnerships with HybriU, the implications are clear. Institutions must treat Ambow not merely as a technology vendor but as a financially fragile, opaque, and lightly scrutinized actor seeking deep integration into core academic systems. Independent audits, transparent governance disclosures, enforceable data-ownership guarantees, and contingency planning for vendor failure are not optional—they are essential.

Education deserves transparency, stability, and accountability, not hype layered atop risk. And oversight bodies charged with protecting U.S. institutions must recognize that the future of influence and vulnerability in higher education may be written not in classrooms, but in code, contracts, and balance sheets.

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Sources

Higher Education Inquirer, “Jin Huang, Higher Education’s Harry Houdini” (August 2025)
https://www.highereducationinquirer.org/2025/08/jin-huang-higher-educations-harry.html

Higher Education Inquirer, “Ambow Education Continues to Fish in Murky Waters” (January 2025)
https://www.highereducationinquirer.org/2025/01/ambow-education-continues-to-fish-in.html

Higher Education Inquirer, “Smoke, Mirrors, and the HybriU Hustle: Ambow’s Global Learning Pitch Raises Red Flags” (July 2025)
https://www.highereducationinquirer.org/2025/07/smoke-mirrors-and-hybriu-hustle-ambows.html

Ambow Education, 2024–2025 Annual and Interim Financial Reports
https://www.ambow.com

Market capitalization and volatility data, publicly available market analytics

Massachusetts Attorney General’s Office, Bay State College settlement

U.S. Department of Education, Heightened Cash Monitoring disclosures

House Select Committee on the Chinese Communist Party, mandate and public hearings

Jin Huang, Higher Education’s Harry Houdini

Ambow CEO Has Repeatedly Slipped Through the Fingers of Shareholders and Regulators

In the opaque world of for-profit higher education, few figures have evoked the mixture of fascination and alarm generated by Jin Huang, CEO—and at times interim CFO and Board Chair—of Ambow Education Holding Ltd. Huang has repeatedly navigated financial crises, regulatory scrutiny, and institutional collapse with a Houdini-like flair. Yet the institutions under her control—most notably Bay State College and NewSchool of Architecture & Design—tell a far more troubling story.

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Ambow’s Financial Labyrinth

Ambow, headquartered in the Cayman Islands with historic ties to Beijing (former address: No. 11 Xinyuanli, Chaoyang District, Beijing, China), has endured years of financial instability. As early as 2010, the company pursued ambitious acquisitions in the U.S. education market, including NewSchool and eventually Bay State College, often relying on opaque financing and cross-border investments.

By 2013, allegations of sham transactions and kickbacks forced Ambow into liquidation and reorganization. Yet the company repeatedly avoided delisting and collapse. Financial reports reveal a recurring pattern: near-catastrophe followed by minimal recovery. In 2023, net revenue fell 37.8% to $9.2 million with a $4.3 million operating loss. By 2024, Ambow reported a modest $0.3 million net income, narrowly avoiding another financial crisis. 

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Early Years: 2010–2015

From 2010 to 2015, Ambow aggressively pursued U.S. acquisitions and technology projects while expanding its presence in China. The company leveraged offshore corporate structures and relied heavily on PRC-linked investors. Huang’s leadership style during this period prioritized expansion and publicity over sustainable governance, leaving institutions financially vulnerable.

Despite claims of educational innovation, Ambow’s track record in these years included multiple warnings from U.S. regulators and questionable accounting practices that would later contribute to shareholder lawsuits and delisting from the NYSE in 2014.

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Bay State College: Closed Doors, Open Wounds

Acquired in 2017, Bay State College in Boston once enrolled over 1,200 students. By 2021, enrollment had collapsed, despite millions in federal COVID-era relief. In 2022, the Massachusetts Attorney General secured a $1.1 million settlement over misleading marketing, telemarketing violations, and inflated job-placement claims.

Accreditation probation followed, culminating in NECHE’s withdrawal of accreditation in January 2023. Eviction proceedings for over $720,000 in unpaid rent preceded the college’s permanent closure in August 2023. Bay State’s demise exemplifies the consequences of Ambow’s pattern: the CEO escapes, the institution collapses, and students and faculty are left in the lurch.

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NewSchool of Architecture & Design: Stabilization in San Diego

NewSchool, Ambow’s other U.S. acquisition, has faced persistent challenges. Enrollment has dropped below 300 students, and the school remains on the U.S. Department of Education’s Heightened Cash Monitoring list. Leadership instability has been chronic: five presidents since 2020, with resignations reportedly tied to unpaid salaries and operational dysfunction.

As of 2025, lawsuits with Art Block Investors, LLC have been settled, and NewSchool is now housed in three floors of the WeWork building in downtown San Diego. Despite receiving a Notice of Concern from regional accreditor WSCUC, the college remains operational but financially precarious.

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Questionable Credentials and Leadership Transparency

Huang has claimed to hold a PhD from the University of California, but investigation reveals no record of degree completion. This raises further concerns about leadership credibility and transparency. Ambow’s consolidated executive structure—Huang serving simultaneously as CEO, CFO, and Board Chair—exacerbates governance risks.

While headquartered in Cupertino, California, Ambow continues to operate with ties to Chinese interests. SEC filings from the PRC era acknowledged that the Chinese government exerted significant influence on the company’s business operations. Ambow has also expressed interest in projects in Morocco and Tunisia involving Chinese-affiliated partners.

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HybriU and the EdTech Hype

In 2024, Ambow launched HybriU, a hybrid learning platform promoted at CES and the ASU+GSV conference. Marketing materials claim a 5-in-1 AI-integrated solution for teaching, learning, connectivity, recording, and management, including immersive 3D classroom projections.

Yet there is no verifiable evidence of HybriU’s use in actual classrooms. A $1.3 million licensing deal with a recently formed Singapore company, Inspiring Futures, is the only reported commercial transaction. Photos on the platform’s website have been traced to stock images, and the “OOOK” (One-on-One Knowledge) technology introduced in China in 2021 has not demonstrated measurable results in U.S. education settings.

Reports suggest that Ambow may be in preliminary talks with Colorado State University (CSU) to implement HybriU. HEI has not confirmed any formal partnership, and CSU has not publicly acknowledged engagement with the platform. Any potential relationship remains unverified, raising questions about the legitimacy and scope of Ambow’s outreach to U.S. universities.

Ambow’s 2025 press release promotes HybriU as a transformative global learning network, but HEI’s review finds no verified partnerships with accredited U.S. universities, no independent validation, and continued opacity regarding student outcomes or data security.

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Financial Oversight and Auditor Concerns

Ambow commissioned a favorable report from Argus Research, but its research and development spending remains minimal—$100,000 per quarter. Prouden CPA, the current auditor based in China, is new to the company’s books and has limited experience auditing U.S. education operations. This raises questions about the reliability of Ambow’s financial reporting and governance practices.

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The Illusion of Rescue

Jin Huang’s repeated escapes from regulatory and financial peril have earned her a reputation akin to Harry Houdini. But the cost of each act is borne not by the CEO, but by institutions, faculty, and students. Bay State College is closed. NewSchool remains operational in a WeWork facility but teeters on financial fragility. HybriU promises innovation but offers no proof.

Ambow’s trajectory demonstrates that a company can survive on hype, foreign influence, and minimal governance, while leaving the real consequences behind. Any unconfirmed talks with CSU highlight the ongoing risks for U.S. institutions considering engagement with Ambow. For regulators, students, and higher education stakeholders, Huang’s Houdini act is less a marvel than a warning.

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Sources

• Higher Education Inquirer. “Ambow Education Facing NYSE Delisting.” May 2022.

• Higher Education Inquirer. “Ambow Education and NewSchool of Architecture and Design.” October 2023.

• Higher Education Inquirer. “NewSchool of Architecture and Design Lawsuits.” March 2025.

• Boston Globe. “Bay State College Faces Uncertain Future.” January 3, 2023.

• Inside Higher Ed. “Two Colleges Flounder Under Opaque For-Profit Owners.” October 18, 2022.

• Inside Higher Ed. “Bay State College Loses Accreditation Appeal.” March 21, 2023.

• GlobeNewswire. “Ambow Education Announces Full-Year 2024 Results.” March 28, 2025.

• Ambow Education Press Releases and SEC Filings

• Wikipedia. “Bay State College.” Accessed August 2025.

• Wikipedia. “NewSchool of Architecture and Design.” Accessed August 2025.

Smoke, Mirrors, and the HybriU Hustle: Ambow's Global Learning Pitch Raises Red Flags

On July 25, 2025, Ambow Education released a press statement heralding the launch of its HybriU Global Learning Network—a grand vision to connect U.S. universities with students around the world through AI-driven hybrid classrooms, immersive tech, and overseas support centers in places like Singapore and China. The announcement paints Ambow as a transformative edtech player capable of bypassing borders, red tape, and traditional learning models.

But for all its futuristic promises, the press release is long on hype and short on verifiable substance.

Ambow’s materials list no actual U.S. university partnerships. There are no student outcomes, no published evaluations, and no pricing models. Instead, the rollout appears to rest on vague invitations for licensing or revenue-sharing arrangements, alongside a photo shoot of stock images and boilerplate claims about AI, 3D environments, and "borderless" learning.

HEI's previous stories on Ambow Education are here. 

A Track Record of Trouble

Ambow’s track record hardly inspires confidence. Its U.S. acquisition, Bay State College, was fined by the Massachusetts Attorney General in 2020 for deceptive marketing and lost accreditation before closing in 2023. Another acquisition, NewSchool of Architecture & Design in San Diego, is under federal Heightened Cash Monitoring, has fewer than 300 students, and is embroiled in lawsuits over unpaid wages and bills.

Despite this, Ambow continues to market itself as a next-gen education leader while reporting zero dollars in research and development spending for three years running. Its executive leadership is unusually consolidated—CEO Jin Huang also serves as CFO and Board Chair—and its auditor is a little-known Chinese firm, casting doubt on financial transparency.

Universities Should Proceed with Caution

Ambow claims it can solve the international enrollment crisis for U.S. schools by providing overseas “learning centers” where students can engage in U.S. courses without needing a visa. It’s a seductive pitch in the wake of global travel restrictions, demographic cliffs, and state budget cuts. But unless Ambow can produce proof of academic rigor, data security, and actual delivery, U.S. institutions risk far more than bad PR.

So far, no university named in the company’s outreach has confirmed participation—including those Ambow has quietly courted, such as Colorado State University.

A Deafening Silence from Regulators

Following this latest press release, The Higher Education Inquirer sent detailed concerns and background information to:

• The Securities and Exchange Commission

• The U.S. Department of Education

• The U.S. House Select Committee on the Chinese Communist Party

• Multiple national and regional media outlets

None have responded.

Given the financial, academic, and geopolitical risks involved, this silence is as disturbing as the press release itself. If federal agencies, lawmakers, and the mainstream press won’t investigate edtech ventures like Ambow, who will hold them accountable?

The Pitch Doesn’t Match the Product

In an age where marketing often outpaces regulation and due diligence, Ambow’s HybriU project looks less like innovation and more like vaporware. It’s a business strategy built on perception, not performance.

Until Ambow can show real partnerships, transparent governance, and validated outcomes, universities would be wise to avoid becoming the next Bay State College.

Sources

Ambow Education press release via Yahoo Finance:
https://finance.yahoo.com/news/ambow-launches-hybriu-global-learning-100000841.html

Massachusetts Attorney General fine against Bay State College (2020):
https://www.mass.gov/news/ag-healey-secures-relief-for-students-of-bay-state-college

Accreditation loss and closure of Bay State College:
https://www.bostonherald.com/2023/06/01/bay-state-college-officially-closes-after-months-of-controversy/

Heightened Cash Monitoring database, U.S. Department of Education:
https://studentaid.gov/data-center/school/hcm

Ambow Education SEC filings:
https://www.sec.gov/edgar/browse/?CIK=1489947

NewSchool of Architecture lawsuits (public docket research required for updates)

Accreditation: Statement to NACIQI regarding NSAD, Ambow Education, and WSCUC

[Editor's note: The National Advisory Committee on Institutional Quality and Integrity (NACIQI) is authorized and reconstituted by the Higher Education Opportunity Act of 2008. NACIQI provides recommendations regarding accrediting agencies that monitor the academic quality of postsecondary institutions and educational programs for federal purposes. The Committee complies with all requirements of the Federal Advisory Committee Act (FACA) and Government in the Sunshine Act. Their annual meeting is February 19-20.] 

After last year’s reauthorization of several regional accreditors, this submission recounts a case study that exemplifies troublesome concerns about the apparent lack of precision among regional accreditors (both of whom were reaffirmed by this body last year).

Bay State College in Massachusetts and NewSchool of Architecture and Design (NSAD) in California, were the only two colleges owned by Ambow Education, a Chinese-based for-profit operation that has been in severe financial crisis for years. 

As a consequence of being placed on Heightened Cash Management, Bay State was severely sanctioned by its accreditor New England Commission on Higher Education (NECHE) and after a January 12, 2023 commission meeting lost its regional accreditation. 

This came after a scathing recount of concerns by Massachusetts legislators (Warren, Pressley) who called on NECHE to explain how it would come to its decision (2023.01.10 Letter to NECHE Regarding Bay State College Concerns.pdf). Following NECHE’s action, Senator Warren and Representative Pressley called on the Department to discharge all student loans for Bay State College students

(2023.02.09- Letter-to-ED-re-Bay-State-College-Accreditation.pdf).

Almost simultaneously, WASC Senior College and University Commission (WSCUC) filed sanctions against Ambow’s only other asset, NSAD for similar concerns that precipitated Bay State’s accreditation revocation. They issued a warning and ordered a team visit for February 2024. This came after an en-masse resignation of all non-Ambow board members and the sudden resignation of NSAD’s brand new president who was alarmed that NSAD refused to pay its landlord and other vendors. 

After a team visit in February 2024 (NSAD - Team Report SV fall 2023.pdf | Powered by Box) in which the visiting team commends the new board of NSAD (four of whom, the majority, served similar role at defunct Bay State College; and for the hiring of failing Ambow Education Inc. COO Chaio-Ling Hsu as President of NSAD and lauded the appointment of a chief academic officer no longer employed nine months after this report) the commission acted in March, In March, the commission acted to remove the formal warning and to reschedule a follow up visit in 2026 (CAL_240306_NSAD_SV.pdf | Powered by Box)

In the meantime, Ambow continues to struggle. They fired their CFO (Jin Huang now holds the positions of CEO, CFO and Chairman of the Board) and moved their corporate office from Beijing to a small, shared office space in Cupertino, California. They continue to send barrages of press releases of little veracity or import in what one stock analyst describes: “All signs point to a business strategy based more on PR—and possibly on outright deception—than on an interest in product and execution”.

($AMBO is a Clown Car of Lies, Incompetence, and Poor Governance Speeding toward a Second Delisting).

What should concern the public is that two regional accreditors from each coast see the risk of this ultimate owner very differently. One immediately warned the public by removing accreditation. The other, despite no sign of growth in enrollment nor of financial stability removed warnings and even commended what appears to be minimal alteration. This provides a confusing message to the public about whether an ultimate owner of colleges has the skills and the means to lead a college into the future.

One additional note: It seems that some of the expenses of the college for both Bay State and NSAD were siphoned to the parent company, leaving necessary and usual expenses of any college off book for the college and unknown to the regulators - unlike the federal government requirement of financial statements of both the college entity and the ultimate owner. Additionally, Ambow remains in court for disputes with their landlord and for wage theft of its former President. While one would expect to see vast improvements with a college removed from warning by its accreditor, it seems simply more of the same.

This report urges NACIQI to take the position that if an owner loses accreditation for any single institution under its management, any and all institutions accredited by any certified accreditor issue an immediate probation of accreditation, and that each accreditor shares its findings with one another to ensure precision and allow the public confidence. For additional information about our ongoing investigation, please visit the Higher Education Inquirer.

Ambow Education Continues to Fish in Murky Waters

In May 2022, The Higher Education Inquirer began investigating Ambow Education after we received credible tips about the company as a bad actor in US higher education, particularly with its failure to adequately maintain and operate Bay State College in Boston. The Massachusetts Attorney General had already stepped in and fined the school in 2020 for misleading students. 

As HEI dug deeper, we found that Ambow failed years before under questionable circumstances. And we worked with a number of news outlets and staffers in the offices of Senator Elizabeth Warren and Representative Ayanna Pressley to get justice for the students at Bay State College. 

Murky Waters

Since that 2022 story we continued to investigate Ambow Education, its CEO/CFO/Board Chair Jin Huang, and Ambow's opaque business practices. Not only were we concerned about the company's finances, we were wary of any undue influence the People's Republic of China (PRC) had on Ambow, which the company had previously acknowledged in SEC documents. 

A Chinese proverb says it's easier to fish in murky waters. And that's what it seemed like for us to investigate Ambow, a company that used the murky waters in American business as well as anyone. But not everything can remain hidden to US authorities, even if the company was based out of the Cayman Islands, with a corporate headquarters in Beijing. 

In November 2022, Ambow sold all of its assets in the People's Republic of China, and in August 2023 Bay State College closed abruptly. We reported some strange behaviors in the markets to the Securities and Exchange Commission, but they had nothing to tell us. Ambow moved its headquarters to a small rental space in Cupertino, where it still operates. 

HybriU

In 2024, Ambow began spinning its yarns about a new learning platform, HybriU, using Norm Algood of Synergis Education as its huckster. HybriU appeared at the Consumer Electronics Show in Las Vegas and at the ASU-GSV conference in San Diego and used their presence as signs of legitimacy. It later reported a $1.3 million contract with a small company out of Singapore. Doing a reverse image search, we found that some of the images on the HybriU website were stock photos.

There is no indication that HybriU's OOOK technology, first promoted in the PRC in 2021, is groundbreaking, although glowing press releases counter that. HybriU says that its technology is being used in classrooms, but no clients (schools or businesses)  have been mentioned.  If Ambow Education can prove the HybriU technology is promising and valuable to consumers, we will publicy acknowledge it.  

Continued PRC Interests 

Besides having an auditor from the People's Republic of China, Ambow has apparently shown an interest in working with Chinese interests in Morocco and Tunisia.

Ambow Education's Financial Health

In 2025, Ambow Education remains alive but with fewer assets and only the promise of doing something of value with those assets. Its remaining US college, the NewSchool of Architecture and Design in San Diego has seen its enrollment dip to 280 students. And there are at least three cases in San Diego Superior Court pending (for failure to pay rent and failing to pay the school's former President).  The US Department of Education has the school under Heightened Cash Monitoring (HCM2) for administrative issues. Despite these problems, NewSchool has been given a cleaner bill of health by its regional accreditor, WSCUC, changing the school's Warning status to a Notice of Concern.

A report by Argus Research, which Ambow commissioned, also described Ambow in a generally positive light, despite the fact that Ambow was only spending $100,000 per quarter on Research and Development. That report notes that Prouden, a small accounting firm based in the People's Republic of China is just seeing Ambow Education's books for the first time. In April 2025 we wonder if we'll get adequate information when Ambow reports its 2024 annual earnings, or whether we find just another layer of sludge. 

Ambow Education Facing Financial Collapse (Dahn Shaulis and Glen McGhee)

Ambow touts its place on the New York Stock Exchange (NYSE), but that status may be short-lived. 

Ambow Education Holding (AMBO) is facing financial peril--again.  

The Cayman Islands corporation, with headquarters in Beijing, People's Republic of China, has had financial troubles before. In 2013, the company was liquidated after allegations of financial improprieties. 

Ambow Education was reorganized and quickly found enough capital to branch out, as if nothing had happened in 2013.  The company now offers a variety of services, including several for-profit K-12 schools in China.  Ambow also claims to have patents in a variety of edtech areas, including educational surveillance. *

In 2017 and 2020, Ambow ventured into US for-profit colleges, acquiring Bay State College (BSC) in Boston and NewSchool of Architecture and Design (NSAD) in San Diego.  

According to US Securities and Exchange Commission (SEC) reports, Ambow acknowledges that the People's Republic of China has a powerful influence on the company. How this relates to its US holdings is not apparent--but insiders have questioned the role of Chinese executives and their business practices.  

In January 2020, Bay State College settled with the Massachusetts Attorney General for $1.1 million for misleading students and for violating state statutes on aggressive telemarketing practices and inflating job placement figures. 

And during the Covid pandemic, BSC has worked with Cisco to track students on campus, which may seem intrusive to some Americans. 

"Faculty, staff, and students were each issued a lanyard and a badge holder containing a Bluetooth® Low-Energy (BLE) beacon, which they were required to wear visibly at all times while on campus. Each Meraki AP contains a Bluetooth antenna that listens for intermittent pings emitted by the campus ID badge holders. As people move around campus each day, multiple Meraki APs collect and triangulate the beacon data to track and record their relative location over time. The APs collect and warehouse more than 300,000 data points per day...."

Despite the elimination of its physical library and its receipt of US government bailout funds, Bay State College continues to lose money.   

Faculty and staff have departed as enrollment has dropped below 700 students.  The school is also facing sanctions from its accreditor, the New England Commission of Higher Education (NECHE).

Bay State College enrollment has declined from more than 1700 students in 2012 to less than 700 today. 

NewSchool, has a good record with student outcomes, but has faced issues lately with failure to file reports to the California Bureau for Postsecondary Education (BPPE).  Like Bay State College, NSAD has continued to lose money--as enrollment has dropped below 500 students--making current practices unsustainable. 

Ambow promises to use "shared services" between BSC and NSAD to increase efficiency.  This includes the sharing of key executives. And insiders tell the Higher Education Inquirer they believe this model may be useful if Ambow decides to expand its presence in the US. But sharing key executives between two schools, 3000 miles apart, may be in violation of accrediting policies.  

Meanwhile, AMBO shares have been selling below $1 a share since December 17, 2021. 

Ambow (AMBO) shares have been trading below $1 a share since December 17, 2021, down 99.76 percent from its peak. (Source: Seeking Alpha). Click on graph for a clearer image.

With a second strike (a second delisting) in the US, it's hard to imagine more capital available.  But that hasn't stopped the perpetually confident CEO Jin Huang from trying to wrangle another $100 million from unwary investors.  

Both the NYSE and SEC have no comment about this impending meltdown.   

*Thanks to Glen McGhee for his analysis of Ambow patents. 

Related link: College Meltdown 2.2: Who’s Minding the Store? 

Related link: One Fascism or Two?: The Reemergence of "Fascism(s)" in US Higher Education

Related link: College Meltdown 2.1 

Related link: The Growth of "RoboColleges" and "Robostudents"

Related link: The Higher Education Assembly Line