综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Society

Piano school folds, CEO disappears

By China Daily | China Daily | Updated: 2017-09-22 08:06
Share
Share - WeChat

Thousands of Xingkong customers suffer losses as 60 centers are closed

Thousands of parents suffered losses as Xingkong, a well-known piano training institute, closed all its 60 centers across China on Sept 2. Its CEO, Zhou Kaicheng, disappeared on Wednesday.

In late August, a mother in Beijing surnamed Xie paid 40,000 yuan ($6,000) for a two-year course of piano lessons and rental of a piano for her daughter. However, the piano failed to materialize and the 6-year-old didn't get any lessons.

"Xingkong's centers in Beijing are all located in high-end shopping malls such as Wanda and CapitaLand Mall. I did not hesitate for a second to choose a nationwide training company in such credible malls," Xie said.

Like Xie, thousands of parents have approached the police or courts for help. Some of them paid 12,000 yuan for a year of lessons, and some paid around 50,000 yuan to buy or rent a piano and receive free lessons.

Established in 2012, Xingkong was a rising star among educational startups. In December 2015, its gross earnings were 50 million yuan, according to its financial report. However, rapid expansion and investments in other industries resulted in financial pressure.

"Because we expanded our business blindly, we have fallen into a financial crisis and have to close our centers," the company said in a statement on Wednesday.

In addition to parents, teachers employed by Xingkong said they have been affected by the company's difficulties.

"We are victims, just like the parents. Our wages have been delayed for months," one teacher told Beijing News.

In an email sent to the public before he disappeared, Zhou, the CEO, said, "It is hard to give up my career, and I feel really sorry for what staff members and parents have experienced. But I can do nothing but leave. Maybe in the future, I will stage a comeback and compensate you all."

Xie was not impressed.

"Zhou took a gamble with our money to fulfill his ambitions. Even if he has some kind of remorse, he is to blame for lacking social responsibility."

In its statement, Xingkong said it is sparing no effort to raise money to compensate parents and teachers - "as long as there is a gleam of hope".

Li Hongyang contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
和政县| 喀什市| 鄯善县| 清水河县| 谢通门县| 太保市| 繁昌县| 西盟| 泉州市| 肃宁县| 黑山县| 九寨沟县| 阿图什市| 开原市| 华亭县| 长宁区| 广灵县| 吉林市| 儋州市| 滕州市| 武定县| 抚松县| 桂东县| 尼玛县| 凤台县| 湖口县| 宜州市| 长治县| 夏河县| 隆林| 建宁县| 灯塔市| 平舆县| 柏乡县| 大安市| 大英县| 凤凰县| 喀什市| 邯郸县| 清苑县| 鄯善县|