New Oriental's Yu Minhong was long revered as a model entrepreneur in China. Can Beijing's ban on his private tutoring business really help China?
Illustration by Luis Grañena
In 1994, a year after he launched what would become the world’s largest English-language tutoring company, the New Oriental Education and Technology Group, Yu Minhong was accosted by thieves outside his Beijing apartment, roughed up and forcibly tranquilized. When the lanky teacher came to, his apartment had been ransacked and he was missing two million RMB in cash (about $150,000 at the time). Years later, after the criminals were apprehended, it was discovered that they were responsible for
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Can a central bank digital currency work? China was the first major economy to launch one and, despite several setbacks, is starting to see the digital yuan take off.
The journalist-turned-lawmaker talks about her book on four women coming of age in modern China, the end of optimism for the younger generations, and being the first Chinese-born British MP.
September 17th: Strategies for Identifying Military End Users
