YQ - Chinese education stocks sell off again on regulatory concerns

The Chinese education sector is following OneSmart International Education Group (ONE) lower after the company announced that it will suspend all of its education programs and learning centers in China due to the Beijing crackdown on for-profit tutoring. Other names seeing selling pressure include Puxin Limited (NEW -22.0%), Gaotu Techedu (GOTU -7.2%), Bright Scholar Education Holdings (BEDU -5.6%), New Oriental Education & Technology Group (EDU -3.8%), TAL Education Group (TAL -3.4%) and Lixiang Education Holding Co (LXEH -3.4%). The Chinese education stock with the biggest YTD drop is 17 Education & Technology Group (NASDAQ:YQ) with a 94% decline. The Chinese education stocks that have held up the best this year with positive gains are RYB Education (NYSE:RYB) +19% and ATA Creativity Global (NASDAQ:AACG) +97%. Of note, AACG had a monster rally in February after the stock was hyped on WallStreetBets and Stocktwits.

For further details see:

Chinese education stocks sell off again on regulatory concerns