China regulator fines 15 tutoring firms for false advertising, fraud

China's market regulator fined 15 private tutoring firms for combined 36.5 million yuan ($5.73 million) for false advertising and pricing frauds, state media the People's Daily reported on Tuesday.

The 15 companies include Tencent-backed Yuanfudao, Alibaba-backed Zuoyebang, New Oriental Education & Technology Group, the People's Daily said, citing a news briefing by the regulator. ($1 = 6.3667 Chinese yuan renminbi)

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