Latest News for: Beijing tutor

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China’s private tutor ban kills another profit center

Asiatimes 27 Jul 2021
Mer said Beijing’s latest policy paper may decimate the profitability of New Oriental and the like but the demand for private tutoring and supplementary learning would still be there when people thought Beijing had flunked the policy test to ensure fair and equally accessible quality education for all.
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Beijing Gives Tech Investors a Brutal New Tutorial

Wall Street Journal 27 Jul 2021
Fighting the Fed, or Washington, is usually a losing game—but betting against Beijing’s fast-moving, often opaque regulatory apparatus in Xi Jinping’s new era of centralized control is suicidal ... Crackdowns like the one on tutoring likely won’t extend to most other sectors, but Beijing has sent a clear message nonetheless.
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Sell-off of education stocks after China targets tutors

The Times/The Sunday Times 27 Jul 2021
Beijing on Friday released new rules barring companies that offer tutoring in core subjects from making profits, in a move apparently designed to lower living costs ...
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Chinese tech stocks: Gaotu serves as a cautionary tale in Beijing’s private education crackdown

South China Morning Post 27 Jul 2021
... last week by Beijing, which has banned profits at tutoring firms catering to schoolchildren,… .
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China stocks see biggest slump in US since 2008 financial crisis

BBC News 27 Jul 2021
The slump comes after a series of crackdowns by Beijing on its technology and education industries ... The latest blow came as Beijing unveiled a massive overhaul of China's $120bn private tutoring sector, under which all institutions offering tuition on school curricula will be registered as non-profit organisations.
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Shares in Chinese online tutoring firms slump after shake-up

Business Ghana 27 Jul 2021
Shares in Chinese online tutoring firms have slumped after Beijing stripped them of the ability to make a profit from teaching core subjects ... It is one of the biggest ever overhauls of the country's $120bn (£87bn) private tutoring sector ... "Curriculum subject-tutoring ...
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Bidding farewell to tutoring, schools give students happier summer break

Shenzhen Daily 27 Jul 2021
The Beijing ... Participating schools are required to open their learning facilities to students, including libraries and sports venues during the summer vacation, and academic training and group tutoring are not allowed, according to the Beijing Municipal Education Commission.
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Xi Jinping’s stock market populism

Asiatimes 27 Jul 2021
That is the common element in Beijing’s dual shock to tech stocks over the weekend. A requirement by Chinese regulators for food delivery firms to keep drivers’ incomes above the statutory minimum wage, and a sweeping ban against private tutoring services ... Part of Beijing’s concern stems from national security considerations.
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Chinese tutoring firms’ shares tank  

The Jakarta Post 27 Jul 2021
Stocks in Chinese tutoring firms tumbled on Monday after Beijing imposed new rules on companies to register as nonprofit organizations, effectively wiping out business models ...
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China moves against private tutoring companies, causing shares to plunge

The Seattle Times 27 Jul 2021
Beijing’s latest regulatory move in the tech sector requires online tutoring firms to become nonprofit institutions ... .
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Ant-backed Hello Inc says goodbye to U.S. IPO plans

Yahoo Daily News 27 Jul 2021
(https.//bit.ly/3iXKIuf). A top official at the U.S ... China has also come up with new rules for private tutoring that has left private education firms facing a significant business impact, as Beijing steps up regulatory oversight of a $120 billion industry. Certain Chinese IPOs in the U.S ... .
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US stocks close at record highs ahead of key earnings reports

Gulf News 27 Jul 2021
US-listed Chinese shares fell after Beijing last week announced new rules on private tutoring and online education firms, the latest in a series of crackdowns on the technology sector that have roiled financial markets ... mainly due to Beijing’s targeting of large technology firms.
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Indexes notch closing record highs as key earnings, Fed meet eyed

Reuters 27 Jul 2021
Summary ... companies by market value ... U.S.-listed Chinese shares fell after Beijing last week announced new rules on private tutoring and online education firms, the latest in a series of crackdowns on the technology sector that have roiled financial markets. read more ... trade war in 2018, mainly due to Beijing's targeting of large technology firms.
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Push for US-listed China firms to disclose interference risks

Hong Kong Standard 27 Jul 2021
Previous Next ... Beijing has cracked down on other US-listed Chinese companies and may require tutoring firms to become non-profits, says a Bloomberg report, which hit shares in the sector, including New York-listed TAL Education Group and Gaotu Techedu ... The Standard Channel. IOS Android. IOS Android. More>> ... REUTERS. .

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