China’s market regulator fined 15 tutoring firms a total of 36.5 million yuan (US$5.73 million) for misleading advertising and pricing frauds.
The 15 companies include Tencent-backed Yuanfudao, Alibaba-backed
China's market regulator fined 15 private tutoring firms for combined 36.5 million yuan ($5.73 million) for false advertising and pricing frauds, state media the People's Daily reported on Tuesday.
BEIJING: Fifteen tutoring firms have been hammered with millions of dollars of fines over alleged fraud, Chinese state media said Tuesday, as the gove.
BEIJING - China's market regulator fined 15 private tutoring firms a combined 36.5 million yuan (S$7.6 million) for false advertising and pricing frauds, the official People's Daily newspaper reported on Tuesday (June 1), amid a crackdown on the sector. The 15 companies include Tencent-backed Yuanfudao, Alibaba-backed Zuoyebang, and New Oriental Education & Technology Group, the People's Daily said, citing a.
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