Hints and tips:
...The DoJ alleged Archegos also misled Morgan Stanley, employing misrepresentations when it rebuffed a request to replace some of its holdings in Chinese education technology company Gaotu Techedu with more...
...Gaotu Techedu, formerly named GSX, has shrunk from a $38bn market capitalisation in January to $780m after another 13 per cent fall on Monday....
...Market valuations of private tutoring companies Gaotu Techedu and TAL Education Group were down 96 per cent and 94 per cent, respectively....
...One group, Gaotu Techedu, now has a market valuation of under $650m, compared to over $12bn at the end of 2020....
...The shares of TAL Education Group, New Oriental Education & Technology Group and Gaotu Techedu (all US-listed companies) lost two-thirds or more of their value in one go....
...Teng Yue, run by fellow Tiger cub Tao Li, has also been linked to the sell-off that hit shares in US media groups and Chinese technology business GSX Techedu last week, according to prime brokers and traders...
...But the changes, which effectively forbid initial public offerings from countries such as China that raise less than $25m, were filed on the same day that GSX Techedu — another New York-listed Chinese company...
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