Chinese students who enrolled in Wall Street English – an Italian adult English training company that will reportedly announce the bankruptcy of its business in China this week – are preparing to file a lawsuit against the company for alleged fraud in a bid to reclaim more than 100 million yuan ($15.4 million) in tuition fees, students have told the Global Times.
The company’s reported bankruptcy comes after China ramped up measures to clamp down on problems in the private tutoring sector, which allegedly caused a freeze on capital to the adult and vocational education sectors. WSE owes tuition refunds to more than 1,000 students across China and many online chat groups were set up over the weekend to share evidence and seek advice from lawyers, the Global Times was told, but there is concern on whether the firm has the ability to repay such debts. Full story: See Global Times.
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