The Beijing Municipal Market Supervision Department has puni...

The Beijing Municipal Market Supervision Department has punished three out-of-school training institutions: Xuedai Education, ABC Foreign Language Training School, and 51Talk. (Beijing headlines)
Beijing Market Private Tutoring Fines 3 Private Tutoring Firms, Xueda Education Technology Group, ABC Foreign Language School, and 51 Talk.
In conjunction with the “Iron Fist” campaign to investigate and handle cases in the field of livelihood in 2021, the Beijing Municipal Market Supervision Department continued to step up law enforcement inspections on out-of-school training institutions, and investigated and punished many out-of-school training institutions for posting illegal advertisements, running schools without a license, illegal prices, and unfair competition in accordance with the law. Xuedai Education, ABC Foreign Language Training School, and 51Talk were named and fined 1,235,000 yuan, 181,300 yuan, and 500,000 yuan respectively for posting illegal advertisements.
The three schools were willing a total of 1.92 million yuan, Xueda Education Technology Group, ABC Foreign Language School, and 51 Talk Were Schools 1.235 million yuan, 181,300 yuan, and 500,000 Yuan licensed for false advertising, running unlicensed schools and licensed pricing.
  $Xueda(Xiamen)Education Technology Group (000526.SZ)$