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China stocks: New Oriental, TAL Education scrap earning releases, media calls amid regulatory storm



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New Oriental Education and TAL Education, two of China’s largest tutoring services providers, have cancelled their upcoming earnings releases and media calls amid Beijing’s intensified crackdown on off-campus tutoring.The companies separately announced the cancellations on Friday, citing “recent regulatory developments” as the reason, without further elaborating.New Oriental Education and TAL Education’s earnings announcements were scheduled for August 3 and August 5 respectively. Both added…

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