Tarena Tumbles 28% as China Training Firms Cut Revenue Targets

Updated on
  • Tarena's surprise cut to 2015 estimate spurs record selloff
  • China Distance Education cuts annual sales goal as much as 11%

Chinese professional training providers led a decline in the nation’s companies trading in New York as slashed revenue targets stoked concern a slowdown in the world’s second-largest economy will hurt business.

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