Online tutors Yuanfudao, Zuoyebang among 15 fined for pricing fraud, bogus ads

China's market regulator fined 15 private tutoring firms for combined 36.5 million yuan (US$5.73 million) for false advertising and pricing frauds, state media the People's Daily reported on Tuesday.

The 15 companies include Tencent-backed Yuanfudao, Alibaba-backed Zuoyebang, New Oriental Education & Technology Group, the People's Daily said, citing a news briefing by the regulator, Reuters reports.