US-listed Chinese tutoring firms cancel earnings releases amid regulatory crackdown

US-listed Chinese tutoring firms cancel earnings releases amid regulatory crackdown

Students at the Shichahai sports school attend a class in Beijing, China, May 18, 2016. REUTERS/Damir Sagolj/Files

Two of China’s largest US-listed private tutoring firms have cancelled the release of their latest earnings reports, after Beijing radically altered the landscape with new regulations that will ban many in the sector from making a profit.

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