China stocks: New Oriental, TAL Education scrap earning releases, media calls amid regulatory storm

//China stocks: New Oriental, TAL Education scrap earning releases, media calls amid regulatory storm

China stocks: New Oriental, TAL Education scrap earning releases, media calls amid regulatory storm

New Oriental Education and TAL Education, two of China’s largest tutoring services providers, have cancelled their upcoming earnings releases and media calls amid Beijing’s intensified crackdown on off-campus tutoring.The companies separately announced the cancellations on Friday, citing “recent regulatory developments” as the reason, without further elaborating.New Oriental Education and TAL Education’s earnings announcements were scheduled for August 3 and August 5 respectively. Both added…

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By | 2021-07-31T05:35:59+00:00 July 31st, 2021|Business|Comments Off on China stocks: New Oriental, TAL Education scrap earning releases, media calls amid regulatory storm