China's private education firms brace for hit from new rules, shares tumble - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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China's private education firms brace for hit from new rules, shares tumble

News of the rule changes on Friday sent shockwaves through China's $120 billion private tutoring sector and triggered a massive sell-off in the shares of companies including U.S.-listed TAL Education Group and Gaotu Techedu .

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