Stay updated with breaking news from Don lau. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Abhijith Ganapavaram 2 minute read Children leave a school in the Shekou area of Shenzhen, Guangdong province, China April 20, 2021. REUTERS/David Kirton July 26 (Reuters) - Battered by a regulatory crackdown, China s multi-billion dollar private tutoring sector could seek to separate its business segments and bulk up non-academic tutoring as it tries to soften the blow on its operations, analysts said on Monday. Shares in Hong Kong and U.S.-listed education firms such as New Oriental Education & Technology Group (9901.HK), TAL Education Group (TAL.N) and Gaotu Techedu (GOTU.N) fell sharply for the second straight session on Monday after China barred for-profit tutoring in core school subjects. ....
Chinese tutoring firms could spin-off units, boost non-academic tutoring - analysts Reuters | Jul 26, 2021 08:48 PM EDT Children leave a school in the Shekou area of Shenzhen, Guangdong province, China (Photo : REUTERS/David Kirton) Battered by a regulatory crackdown, China s multi-billion dollar private tutoring sector could seek to separate its business segments and bulk up non-academic tutoring as it tries to soften the blow on its operations, analysts said on Monday. Shares in Hong Kong and U.S.-listed education firms such as New Oriental Education & Technology Group, TAL Education Group and Gaotu Techedu fell sharply for the second straight session on Monday after China barred for-profit tutoring in core school subjects. ....
Message : Required fields (Reuters) - Battered by a regulatory crackdown, China s multi-billion dollar private tutoring sector could seek to separate its business segments and bulk up non-academic tutoring as it tries to soften the blow on its operations, analysts said on Monday. Shares in Hong Kong and U.S.-listed education firms such as New Oriental Education & Technology Group, TAL Education Group and Gaotu Techedu fell sharply for the second straight session on Monday after China barred for-profit tutoring in core school subjects. While the firms said they expected the new rules to have a material impact on their after-school tutoring services, some analysts expect some of the largest education providers to take steps to mitigate the impact on their businesses. ....
Chinese tutoring firms could spin off units, boost non-academic offerings Photo by Startup Stock Photos from Pexels July 27, 2021 Battered by a regulatory crackdown, China’s multi-billion-dollar private tutoring sector could seek to separate its business segments and bulk up non-academic tutoring as it tries to soften the blow on its operations, analysts said on Monday. Shares in Hong Kong and U.S.-listed education firms such as New Oriental Education & Technology Group, TAL Education Group and Gaotu Techedu fell sharply for the second straight session on Monday after China barred for-profit tutoring in core school subjects. While the firms said they expected the new rules to have a material impact on their after-school tutoring services, some analysts expect some of the largest education providers to take steps to mitigate the impact on their businesses. ....