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China’s tutoring groups fined millions as scrutiny grows 160 BEIJING, June 1, 2021 (BSS/AFP) – 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 ($5.7 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.

Administration for market regulationUnited nationsTencent backed yuanfudaoPresident xi jinpingBloomberg newsBond educationState administrationஒன்றுபட்டது நாடுகள்ப்ளூம்பெர்க் செய்தி