Bloomberg sources: byte jump will close the preschool and K1...

Bloomberg sources: byte jump will close the preschool and K12 education and training business; byte jump will inform employees of plans to cut teachers, sales and advertising staff after China tightens regulation.
Bytedance to close its pre-school and K12 curriculum-focused business; it has informed staffs that it plans to lay off teachers, sales and advertising staffs of its training business after China tightened regulations -BBG citing sources. $K12(BK1320.HK)$ 
  $Online Education(BK0466.SH)$ 
  $Online Education(BK1193.HK)$