K-12 tutoring companies have ‘transitioned their businesses’, but millions of jobs were affected after Beijing said firms ‘violated the laws of education’.
A lesson for Hong Kong, Singapore in mainland China s crackdown on the tutoring industry? asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.
China imposes upper-limit fine on tutoring firms amid surging complaints
Xinhua
01 Jun 2021, 20:30 GMT+10
BEIJING, June 1 (Xinhua) China s top market watchdog has imposed a maximum-level fine of 36.5 million yuan (about 5.74 million U.S. dollars) on 15 tutoring firms amid surging public complaints. The 15 institutions, including New Oriental Education & Technology Group and Wall Street English, were fined for violations including misleading advertisements and pricing frauds, the State Administration for Market Regulation (SAMR) said Tuesday. Yuan Xilu, an official with the SAMR, noted that their malpractices have damaged the legitimate rights and interests of students and disrupted the orderly market competition. The firms have been urged to rectify their problems, and recidivism will mean business suspension or license revocation, he added.