Market Regulators Fine Online Tutoring Giants Zuoyebang and Yuanfudao for Misleading Consumers

May 13, 2021

∙ Paid

*The online education sector boomed after the COVID-19 epidemic (Source: CFP)*

The Beijing Municipal Bureau of Market Supervision and Administration on Monday imposed the maximum possible penalty on online education platforms Zuoyebang and Yuanfudao for unfair competition and misleading consumers.

The investigation showed Alibaba-backed Zuoyebang and Tencen…

Keep reading with a 7-day free trial

Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.