China's VIPKid to stop selling foreign-based tutoring

Reuters2021-08-07

SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed

Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.

China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.

The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.

Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.

The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.

Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.

VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.

(Reporting by Brenda Goh Editing by Clelia Oziel)

((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

kino318
2021-08-11
kino318
Please like
Benstonk
2021-08-09
Benstonk
1% impact
robot1234
2021-08-09
robot1234
Probably some Short term pain and price volatility for existing retail investors. Hopefully company will be able to transform her business model smoothly to comply with new regulations.
ALVH
2021-08-08
ALVH
Why why?
Erikca
2021-08-08
Erikca
Nice
cwlai
2021-08-07
cwlai
Thanks
- cwlai:
  ?
- Erikca:
  Liked

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2157497879?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-08-07 22:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2157497879","market":"hk","top_or_hot":-1,"title":"China's VIPKid to stop selling foreign-based tutoring","media":"Reuters","content":"<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's VIPKid to stop selling foreign-based tutoring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's VIPKid to stop selling foreign-based tutoring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-07 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2157497879","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2157497879","pubTimestamp":1628346783,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"translate_title":"中国VIPKid将停止销售国外家教","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":0.9,"TCEHY":0.6},"content_text":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.     China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.     The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.    The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.    Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.  (Reporting by Brenda Goh Editing by Clelia Oziel)((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":892235201,"gmtCreate":1628662965403,"gmtModify":1676529813242,"author":{"id":"3578134255896974","authorId":"3578134255896974","name":"kino318","avatar":"https://static.tigerbbs.com/e983f44b7853b7b8c10f1b3f6e19dc68","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3578134255896974","authorIdStr":"3578134255896974"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892235201","repostId":2157497879,"repostType":2,"repost":{"id":"2157497879","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628346783,"share":"https://ttm.financial/m/news/2157497879?lang=en_US&edition=fundamental","pubTime":"2021-08-07 22:33","market":"hk","language":"en","title":"China's VIPKid to stop selling foreign-based tutoring","url":"https://stock-news.laohu8.com/highlight/detail?id=2157497879","media":"Reuters","summary":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday ","content":"<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's VIPKid to stop selling foreign-based tutoring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's VIPKid to stop selling foreign-based tutoring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-07 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157497879","content_text":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.     China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.     The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.    The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.    Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.  (Reporting by Brenda Goh Editing by Clelia Oziel)((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898498442,"gmtCreate":1628516210686,"gmtModify":1703507388051,"author":{"id":"3574851080358491","authorId":"3574851080358491","name":"Benstonk","avatar":"https://static.tigerbbs.com/c8a964cfa9223e4704989c9a4b9b772e","vip":1,"crmLevel":12,"crmLevelSwitch":1,"idStr":"3574851080358491","authorIdStr":"3574851080358491"},"htmlText":"1% impact","listText":"1% impact","text":"1% impact","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898498442","repostId":2157497879,"repostType":2,"repost":{"id":"2157497879","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628346783,"share":"https://ttm.financial/m/news/2157497879?lang=en_US&edition=fundamental","pubTime":"2021-08-07 22:33","market":"hk","language":"en","title":"China's VIPKid to stop selling foreign-based tutoring","url":"https://stock-news.laohu8.com/highlight/detail?id=2157497879","media":"Reuters","summary":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday ","content":"<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's VIPKid to stop selling foreign-based tutoring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's VIPKid to stop selling foreign-based tutoring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-07 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157497879","content_text":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.     China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.     The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.    The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.    Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.  (Reporting by Brenda Goh Editing by Clelia Oziel)((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898922309,"gmtCreate":1628469744201,"gmtModify":1703506466195,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":12,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"Probably some Short term pain and&nbsp;price volatility for existing retail investors. Hopefully&nbsp;company will be able to transform her business model smoothly to comply with new regulations.","listText":"Probably some Short term pain and&nbsp;price volatility for existing retail investors. Hopefully&nbsp;company will be able to transform her business model smoothly to comply with new regulations.","text":"Probably some Short term pain and price volatility for existing retail investors. Hopefully company will be able to transform her business model smoothly to comply with new regulations.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898922309","repostId":2157497879,"repostType":2,"repost":{"id":"2157497879","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628346783,"share":"https://ttm.financial/m/news/2157497879?lang=en_US&edition=fundamental","pubTime":"2021-08-07 22:33","market":"hk","language":"en","title":"China's VIPKid to stop selling foreign-based tutoring","url":"https://stock-news.laohu8.com/highlight/detail?id=2157497879","media":"Reuters","summary":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday ","content":"<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's VIPKid to stop selling foreign-based tutoring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's VIPKid to stop selling foreign-based tutoring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-07 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157497879","content_text":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.     China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.     The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.    The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.    Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.  (Reporting by Brenda Goh Editing by Clelia Oziel)((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":891467799,"gmtCreate":1628413753411,"gmtModify":1703506043139,"author":{"id":"3559696317030368","authorId":"3559696317030368","name":"ALVH","avatar":"https://static.tigerbbs.com/e51a74fe0719fc4f9e10b19fb4e6e8e9","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3559696317030368","authorIdStr":"3559696317030368"},"htmlText":"Why why?","listText":"Why why?","text":"Why why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891467799","repostId":2157497879,"repostType":2,"repost":{"id":"2157497879","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628346783,"share":"https://ttm.financial/m/news/2157497879?lang=en_US&edition=fundamental","pubTime":"2021-08-07 22:33","market":"hk","language":"en","title":"China's VIPKid to stop selling foreign-based tutoring","url":"https://stock-news.laohu8.com/highlight/detail?id=2157497879","media":"Reuters","summary":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday ","content":"<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's VIPKid to stop selling foreign-based tutoring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's VIPKid to stop selling foreign-based tutoring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-07 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157497879","content_text":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.     China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.     The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.    The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.    Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.  (Reporting by Brenda Goh Editing by Clelia Oziel)((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":891157781,"gmtCreate":1628354879643,"gmtModify":1703505367166,"author":{"id":"3582074233060171","authorId":"3582074233060171","name":"Erikca","avatar":"https://static.tigerbbs.com/4c8597dae5bbe585b053f307dd3255c0","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":12,"crmLevelSwitch":0,"idStr":"3582074233060171","authorIdStr":"3582074233060171"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891157781","repostId":2157497879,"repostType":2,"repost":{"id":"2157497879","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628346783,"share":"https://ttm.financial/m/news/2157497879?lang=en_US&edition=fundamental","pubTime":"2021-08-07 22:33","market":"hk","language":"en","title":"China's VIPKid to stop selling foreign-based tutoring","url":"https://stock-news.laohu8.com/highlight/detail?id=2157497879","media":"Reuters","summary":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday ","content":"<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's VIPKid to stop selling foreign-based tutoring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's VIPKid to stop selling foreign-based tutoring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-07 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157497879","content_text":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.     China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.     The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.    The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.    Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.  (Reporting by Brenda Goh Editing by Clelia Oziel)((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":891168161,"gmtCreate":1628350451853,"gmtModify":1703505330549,"author":{"id":"3571144158981525","authorId":"3571144158981525","name":"cwlai","avatar":"https://static.tigerbbs.com/7d49cd051dbfb3b755a47d4e14552d7d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3571144158981525","authorIdStr":"3571144158981525"},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/891168161","repostId":2157497879,"repostType":2,"repost":{"id":"2157497879","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628346783,"share":"https://ttm.financial/m/news/2157497879?lang=en_US&edition=fundamental","pubTime":"2021-08-07 22:33","market":"hk","language":"en","title":"China's VIPKid to stop selling foreign-based tutoring","url":"https://stock-news.laohu8.com/highlight/detail?id=2157497879","media":"Reuters","summary":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday ","content":"<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's VIPKid to stop selling foreign-based tutoring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's VIPKid to stop selling foreign-based tutoring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-07 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed</p><p>  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.  </p><p>   China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.  </p><p>   The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.</p><p>   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons. </p><p>   The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected. </p><p>   Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.</p><p>   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company. </p><p> (Reporting by Brenda Goh Editing by Clelia Oziel)</p><p>((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157497879","content_text":"SHANGHAI, Aug 7 (Reuters) - Tencent Holdings-backed  Chinese education firm VIPKid said on Saturday it would stop selling classes taught by foreign-based tutors with immediate effect to comply with new rules announced for the country's private education sector.     China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures that have contributed to low birth rates but have left private education firms facing significant business impact.     The rules also ban companies from employing foreign-based tutors, aiming to stop long-distance lessons for Chinese students.   Beijing-based VIPKid is an online education platform that connects children in China with native English-speaking teachers in the United States and Canada for live video lessons.    The company said in a post on its official WeChat account that existing customers will only be able to renew classes taught by overseas-based tutors until Aug. 9. It added that its international business for students outside China would not be affected.    Other Chinese private education firms have also been reviewing their operations as a result of the new rules. ByteDance also plans to close some of its tutoring operations, including its online classes app GogoKid, a VIPKid rival.   VIPKid's investors include Tencent Holdings, China's largest gaming and social media company.  (Reporting by Brenda Goh Editing by Clelia Oziel)((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5463157,"gmtCreate":1628424659636,"gmtModify":1663232089536,"authorId":3571144158981525,"author":{"id":3571144158981525,"idStr":"3571144158981525","authorId":3571144158981525,"name":"cwlai","avatar":"https://static.tigerbbs.com/7d49cd051dbfb3b755a47d4e14552d7d","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.12","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":891168161,"type":1,"supId":5457435,"prevId":0,"content":"?","text":"?","html":"?"},{"id":5457435,"gmtCreate":1628354874071,"gmtModify":1663232065741,"authorId":3582074233060171,"author":{"id":3582074233060171,"idStr":"3582074233060171","authorId":3582074233060171,"name":"Erikca","avatar":"https://static.tigerbbs.com/4c8597dae5bbe585b053f307dd3255c0","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":891168161,"type":1,"supId":0,"prevId":0,"content":"Liked","text":"Liked","html":"Liked"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":19,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2157497879","isCrawlerRequest":true}