Source: China – South China Morning PostGaotu Group, a Beijing-based education and training firm, has seen its New York stock price plummet to US2.50 from US$149 in the span of just six months, exemplifying the vulnerability of Chinese stocks to regulatory risks in the wake of the latest crackdown that has upended the country‘s private tutoring market.Gaotu, formerly GSX Techedu, was among the hardest hit in a regulatory overhaul initiated last week by Beijing, which has banned profits at tutoring firms catering to schoolchildren,…Read More