BEIJING - Education companies hit by new regulations in China will need to grow their non-academic businesses or risk shuttering, analysts said.
Share prices of China's largest education giants, which have relied heavily on tutoring services for revenue, continued to take a beating on Tuesday (July 27) after the country's highest governing body announced sweeping new rules affecting both offline and online learning centres in the fast-growing industry.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
