Online education is growing rapidly around the world due to Corona. Many big companies are also coming into this business. However, there are many online education platforms which are adopting the wrong methods to attract people towards them. Due to this, the Chinese government has imposed the maximum penalty against two fast growing tutoring apps for violating competition and pricing laws. The Chinese regulator has imposed a fine of 25-25 lakh yuan (Rs 2.85 crore) on Yuanfudao of Tencent Holding and Zuoyebang with funding from Alibaba Group Holding. Antitrust watchdog has fined them for misinforming their teaching staff and for giving fake user reviews. Both the applications have accepted the fine and said to fix it.
The private education sector has grown rapidly due to the epidemic, due to which the Chinese regulator has stepped up its scrutiny. Last month, the Chinese regulator GSX Techedu Inc. And fined four private education providers, including the TAL Education Group unit. They were accused of pricing violations. According to the statement issued by the Chinese regulator, after-school educational groups will be tightened. Apart from this, illegal activities will be monitored. Under this, the Chinese regulator has imposed heavy penalty against two touting apps of Tencent and Alibaba.
