Most children in China undergo private tuition in addition to public schooling. - Reuters
BEIJING (Reuters): China's market regulator fined 15 private tutoring firms a combined 36.5 million yuan ($5.73 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 news briefing by the regulator.
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