GSX, online education firm at centre of Bill Hwang storm, fined by Beijing with three other companies

Source: South China Morning PostFour online education firms, including one of the most dramatic casualties of a massive sell-off by the family office of Tiger Asia Management founder Bill Hwang Sung-kook, were fined on Sunday as the popular online education industry faces tightening regulatory scrutiny in China.The companies include TAL Education Group, Hong Kong-listed Koolearn Technology Holding, Beijing-based Gaosi Education Group, and New York Stock Exchange-listed GSX Techedu, which has seen its share price fall 70 per…Read More

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