China’s tutoring groups fined millions as scrutiny grows ...Middle East

Daily Sun - News
China’s tutoring groups fined millions as scrutiny grows
BEIJING: Fifteen tutoring firms have been hammered with millions of dollars of fines over alleged fraud, Chinese state media said Tuesday, as the government’s chastening of the tech sector seeps into the private education businesses.The groups, including major brands like Zuoyebang, which counts Alibaba as an investor, and Tencent-backed Yuanfudao, were hit with fines amounting to 36.5 million yuan (RM 23.6 million).After issuing fines and warnings to tech companies spanning e-commerce, gaming, video streaming and food deliveries, Beijing has in recent days turned its attention towards tutoring start-ups, many of them online.The penalties follow a warning by President Xi Jinping in March of

Hence then, the article about china s tutoring groups fined millions as scrutiny grows was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( China’s tutoring groups fined millions as scrutiny grows )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News
myMOTHERLODE - before 7 hours & 20 minute