China Curbs on Online Education Firms
Close on the heels of the China Education Ministry putting restrictions on online education firms from offering minors live-streamed courses and games at night, Beijing city has imposed penalties on four online education agencies for misleading advertisements. A fine of 500,000 yuan ($76,988) was imposed for misleading customers with false advertising. The companies GSX Techedu Inc (GSX.N), TAL Education Group (TAL.N), Koolearn Technology Holding Ltd and Gaosi were given the maximum fine for falsely claiming that the price for its online courses before the discount was much higher than it actually was. The government was of the view that online courses should not cause disruptions for children and they should get sufficient sleep.