Wall Street English, an Italian international adult English training company, will announce the bankruptcy of its Chinese business next week, The Global Times has reported.
The head of the company’s North China branch has informed directors of Wall Street English’s learning centres about the decision, news website yicai.com reported yesterday.
The announcement follows a number of measures to clamp down on the private tutoring sector by authorities in China.
Wall Street English entered the Chinese market in 2000 and at one time operated 71 learning centres in 11 Chinese cities, employing more than 3,000 staff. Today it has fewer than 30 centres and employs around around 1,000 people.
Date published: 13 August 2021