DALIAN, China -- As Beijing's sweeping new ban on for-profit tutoring and test-preparation services takes hold, two publicly traded industry leaders will shut down their mainstay operations and look elsewhere to stay afloat.
New Oriental and TAL shift focus from children to lifelong learning
A primary school classroom in Wuhan: The tutoring business for children accounts for a majority of revenue at both New Oriental and TAL. © Reuters
DALIAN, China -- As Beijing's sweeping new ban on for-profit tutoring and test-preparation services takes hold, two publicly traded industry leaders will shut down their mainstay operations and look elsewhere to stay afloat.