What did the stock market do today? It continued to tune into earnings reports, and it watched Chinese stocks tank drastically.
New regulations could decimate China's $100 billion private education industry.

Why Agora Stock Plummeted 22% on Friday

02:41pm, Friday, 23'rd Jul 2021
The Chinese Communist Party is cracking down on more businesses.
Today, Chinese stocks are plummeting as the Chinese government announced further market interventions that investors are viewing negatively. The post TAL, GOTU, EDU: Why Are Chinese Stocks Down Today?
Chinese education stocks are taking a beating on Friday thanks to new restrictions placed on them by their home country's government. The post Chinese Education Stocks: What's Happening With TAL, GOTU
CNBC's Jim Cramer joins the "Squawk Box" team discusses Snap and Twitter earnings, China's tech crackdown, markets and more.
CNBC's Eunice Yoon reports on China aiming to cut after-school tutoring costs and how tutoring firms must register on NGOs.
Shares of China-based education companies took a beating in Friday, amid media reports that the Chinese government is mulling new regulations concerning after-school tutoring services.

Gaotu Techedu Inc. Responds to Media Reports

08:00am, Friday, 23'rd Jul 2021
BEIJING, July 23, 2021 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a leading online large-class after-school tutoring service provider in China, today noted that certai
The stock price of Gaotu Techedu Inc (NYSE: GOTU) fell over 55% pre-market. This is why it happened.
New Oriental: Don't Use Technical Analysis To Trade, Understand China Instead
Double-digit losses were not uncommon in the space.
China Online Education: Exaggerated Sell-Off Provides An Opportunity
Investors shouldn't put too much faith in Wall Street's estimates for these companies. All three face unpredictable regulatory challenges.
The Chinese government's crackdown on private tutoring is imminent.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE