Online education giant VIPKid, a Beijing-based tutoring platform that has raised $1.1 billion in capital since its founding and was at one point valued at over $3 billion, will end its flagship education program in China by early next month. The announcement, which first appeared on the company’s online teacher portal on Oct. 15, comes after months of tumult and change in the multibillion-dollar online tutoring industry, precipitated by new education regulations from the Chinese government that effectively ban private tutoring lessons with foreign educators. Started in 2013, VIPKid mostly hosts live, one-on-one language lessons between native English speakers, many...