Will companies like $51Talk (COE.US)$ or escape from China ...
Will companies like $51Talk(COE.US$ or $Zhangmen Education(ZME.US$ escape from China regulation because they are just teaching English language?
This can be a potential multi bagger at current price if they manage to escape from regulation.
Companies said that there will be a huge impact on their businesses, although some of them still expect they will not be recognized as curriculum-based institutions.
"The majority of our products target oral English and English reading skills training. These products cannot be directly defined as 'curriculum-based tutoring courses', so this might sustain our company's operation temporarily," a staff member from VIPKID, a Chinese one-on-one English tutoring agency, told the Global Times on Tuesday on condition of anonymity.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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luxcanOP : @moomoo Singapore: Anyway idea why this post is been blocked?