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The purpose of Chinese President Xi Jinping's new education policies is very clear: "to stop after-school training." (Source photos by AP and Getty Images)
Business Spotlight

Chinese tutoring companies struggle to reinvent themselves

After crackdown, school operators venture into clothing and farm equipment

CISSY ZHOU, Nikkei staff writer | China

HONG KONG -- A few short months ago, international investors ascribed a valuation of over $30 billion to New Oriental Education & Technology, one of the giants of China's for-profit tutoring sector, excited over the prospects for the growing and lucrative market.

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