Insights

China’s State Administration for Market Regulation (SAMR) imposed a fine of RMB36.5m (USD5.7m) in total on 15 educational companies across the country, as reported by Xinhuanet on June 1. The 15 institutions include New Oriental [EDU:US], TAL Education’s [TAL:US] Xueersi Online School, Wallstreet English, Alibaba-backed [BABA:US]...

Aihuishou, also known as Wanwu Xinsheng, China’s largest secondhand electronics resale platform, filed an IPO on the New York Stock Exchange (NYSE) on May 29 under the ticker RERE. Founded in 2011, Aihuishou’s services include electronics recycling and eco-processing, an online secondhand electronic product transaction platform,...

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