US-listed Chinese e-learning major TAL Education admits to inflated sales

US-listed Chinese e-learning major TAL Education admits to inflated sales

Photographer: Xaume Olleros/Bloomberg

Online tutoring company TAL Education has admitted to inflating sales figures, joining a growing list of scandals linked to U.S.-listed Chinese companies and further hampering market confidence in the aftermath of Luckin Coffee’s $310 million fraud.

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