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Bloomberg sources: ByteDance will close preschool and K12 ed...

Bloomberg sources: ByteDance will close preschool and K12 education and training businesses; ByteDance notified employees that it plans to abolish teachers, sales and advertising staff in the education and training business after China tightens regulations.
Bytedance to close its pre-school and K12 focused business; it has taught staffs that it plans to lay off teachers, sales and advertising staffs of its training business after China Tightening Measures -BBG citing sources.
  $K12.HK$ 
  $Online Education.SH$ 
  $Online Education.HK$ 
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