Chinese Tutoring Firm Yuanfudao Forays into Garment Business…

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BEIJING, October 20 (TMTPOST)— Chinese K12 education unicorn Yuandudao, a company specializing in after-school tutoring services before China’s crackdown on private tutoring, has turned to selling down coats in business adjustment. According to information on corporate information app Tianyancha, Yuanfudao has taken control over Beijing Bingyuan Clothing, betraying the company’s interest in the