The Chinese billionaire Larry Xiangdong Qin, chief executive chief executive of China's online education, decreased in net fortune for billions in recent months, where his company faces fraud charges, as The hedge fund that was an investor, as well as disappointing revenue expectations, was shown next to Beijing's suppressing online education.

> GSX shares have now declined by 88 percent since last January, leading to a net wealth of Qin since about $ 14 billion.

"> Chen is currently 43.5% of the existing GSX shares and net wealth peak at $ 15.85 billion on January 27, when stocks peak at $ 142.70. p>

Chen is already damaged by the Hedge Fund Investor Investor Archegos Capital, and its company is under investigation by the Securities and Exchange Committee on charges of fraud.

Face GSX has a number of problems that discourt the company's expectations. The Chinese government takes strict procedures against online education, on the grounds that the enormous increase in private online privacy lessons put significant pressure on students.

> These companies also accused of aggressive marketing and aggressive practices, prompting the Ministry of Government Education to establish a section to oversee and organize all private education platforms.

> The GSX closed its pre-school educational activity for children between the ages of 3 and 8 after Beijing banned online training courses for school age students Elementary.