BEIJING, June 1 (Reuters) - China’s market regulator fined 15 private tutoring firms for combined 36.5 million yuan ($5.73 million) for false advertising and pricing frauds, state media the People’s Daily reported on Tuesday.
The 15 companies include Tencent-backed Yuanfudao, Alibaba-backed Zuoyebang, New Oriental Education & Technology Group, the People’s Daily said, citing a news briefing by the regulator. ($1 = 6.3667 Chinese yuan renminbi) (Reporting by Lusha Zhang, Sophie Yu and Tony Munroe; Editing by Christian Schmollinger)
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