Thornburg Investment Management Portfolio Manager Josh Rubin in The Wall Street Journal

Chinese Education Stocks Gain After Post-Crackdown Business Overhauls

The companies have ventured into selling fresh produce and more nonacademic tutoring

A year and a half after Beijing’s crackdown on after-school tutoring businesses, the American depositary receipts of Chinese education companies have recouped some of their heavy losses, thanks to business revamps that include selling king prawns and vegetables online.

The partial recovery has taken place as the companies have found new sources of revenue—such as e-commerce—and made further inroads into college-test preparation, adult-education programs and nonacademic courses such as robotics and art. That has enabled some of them to grow again from a new low base.

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