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China tech

Chinese e-learning king TAL Education admits inflated sales

Revelation follows $310mn scandal at compatriot Luckin Coffee

Online learning technology has boomed as schools around the world remain closed due to the coronavirus.   © Reuters
COCO LIU, Nikkei staff writer | China

HONG KONG -- Online tutoring company TAL Education has admitted to inflating sales figures, joining a growing list of scandals linked to U.S.-listed Chinese companies and further hampering market confidence in the aftermath of Luckin Coffee's $310 million fraud.

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