15 tutoring groups fined $5.7m for misleading adverts, pricing frauds

The State Administration for Market Regulation slapped fines amounting to 36.5 million yuan ($5.73 million) on 15 tutoring firms on Tuesday for false advertising and pricing frauds, as the government continued its efforts to crack down on irregularities in the private education sector.

The 15 companies, mostly listed in the United States and Hong Kong, include Tencent-backed Yuanfudao, Alibaba-backed Zuoyebang, New Oriental Education, Xueersi of the TAL Education Group, OneSmart Education Group, Beststudy Education Group and Scholar Education.

Others on the list are Zhangmen, Wall Street English, Dada English, Weixue100, Mingshi, Bond Education, Bluesky Education and Nice Education.