China fines 15 educational firms for false advertising and fraud

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.