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Chinese EdTech Giant New Oriental Laid Off 60,000 Staff After China's Education Crackdown

According to its creator, China's New Oriental laid off 60,000 employees and saw its operating income plummet by 80% when Beijing imposed new sweeping laws on the country's private education business last year, prohibiting for-profit tutoring.
United States Yu Minhong York Stock Exchange Us Educational Testing Service Educational Tests Service Education Technology Group Inc

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