Chinese edtech firms fined for falsely priced advertisements

The Beijing branch of the State Administration for Market Regulation has fined four online education companies RMB 500,000 (USD 77,000) each for their deceptive pricing practices as China tightens its rules for the booming sector, according to a post on the regulator’s website on Sunday. GSX Techedu (NYSE: GSX) was punished for luring parents to buy a package of courses…
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