Chinese Education Stocks Gain After Post-Crackdown Business Overhauls

  • 📰 WSJ
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Following a crackdown on tutoring businesses, Chinese education stocks have recouped some losses, thanks to business revamps that include selling king prawns and vegetables online

crackdown on after-school tutoring businesses

, the American depositary receipts of Chinese education companies have recouped some of their heavy losses, thanks to business revamps that include selling king prawns and vegetables online. The partial recovery has taken place as the companies have found new sources of revenue—such as e-commerce—and made further inroads into college-test preparation, adult-education programs and nonacademic courses such as robotics and art. That has enabled some of them to grow again from a new low base.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The US goes on & on about Russia attacking a 'sovereign nation' while illegally occupying a portion of Syria - a sovereign nation. The hypocrisy of the US is on full display for the whole world to see.

Australia Australia Latest News, Australia Australia Headlines