The homepage of Gaotu Techedu arranged on a laptop computer in Shanghai on July 27. China rolled out new regulations for private education companies last week, sending stock prices plummeting, in another blow to Gaotu this year after weathering previous controversies. Photo: Bloomberg The homepage of Gaotu Techedu arranged on a laptop computer in Shanghai on July 27. China rolled out new regulations for private education companies last week, sending stock prices plummeting, in another blow to Gaotu this year after weathering previous controversies. Photo: Bloomberg
The homepage of Gaotu Techedu arranged on a laptop computer in Shanghai on July 27. China rolled out new regulations for private education companies last week, sending stock prices plummeting, in another blow to Gaotu this year after weathering previous controversies. Photo: Bloomberg
Stocks

Chinese tech stocks: Gaotu serves as a cautionary tale in Beijing’s private education crackdown

  • The stock price for Gaotu, formerly GSX Techedu, has dropped this year to US$2.50 from US$149 amid controversies, fines and new regulations
  • Beijing’s ban on profits for K-12 private online tutoring firms has upended the industry, causing a sell-off that has spread to other Chinese tech stocks

Topic |   Stocks
The homepage of Gaotu Techedu arranged on a laptop computer in Shanghai on July 27. China rolled out new regulations for private education companies last week, sending stock prices plummeting, in another blow to Gaotu this year after weathering previous controversies. Photo: Bloomberg The homepage of Gaotu Techedu arranged on a laptop computer in Shanghai on July 27. China rolled out new regulations for private education companies last week, sending stock prices plummeting, in another blow to Gaotu this year after weathering previous controversies. Photo: Bloomberg
The homepage of Gaotu Techedu arranged on a laptop computer in Shanghai on July 27. China rolled out new regulations for private education companies last week, sending stock prices plummeting, in another blow to Gaotu this year after weathering previous controversies. Photo: Bloomberg
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