In its harshest crackdown on the online education sector, China’s government has issued new rules that ban tutoring companies that teach the school curriculum from raising funds or going public, state-owned Xinhua news agency reported. The rules, released Saturday, also prohibit listed companies and foreign investors from investing in such tutoring businesses. Moreover, the rules also stated...
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We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the gate will be Netflix’s report on July 19, which is likely to be one of the most closely watched tech earnings updates of the quarter. Netflix’s first-quarter report, revealing a tiny drop in subscribers and forecasting a bigger one for the second quarter,...
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