Beijing nursery CEO apologizes ‘deeply’
amid claims of child abuse
The CEO of a privately owned nursery in Beijing apologized “deeply” on
Friday night for the “severe disquiet” caused by accusations of child
abuse at the school.
The nursery, a branch of the well-known RYB (Red Yellow Blue) Education
chain, is alleged to have given injections and pills or syrup to the
toddlers before naptime earlier in the week. Three teachers have since
“If any wrongdoing is found, we will not shirk the responsibility,” CEO
Shi Yanlai said during a phone conference.
The official Xinhua news agency reported late on Thursday that police
were investigating the case.
Shi said the nursery had been told by the police that the result of the
investigation may have been available later on Friday but so far nothing
has been made public.
The security system would be upgraded, she said, but CFO Wei Ping said
at a subsequent Q&A session that the company’s business model would not
A kindergarten supervision advisory group consisting of experts on
school supervision and education will conduct checks across the country
next week, following an urgent order byState Council’s Education
The incident has delivered another shock to Chinese weeks after a
Shanghai childcare center was alleged to have abused several toddlers.
Intense outcry and anxieties over childcare standards in China were
reignited by a viral online video showing angry people outside the
kindergarten in Beijing’s Chaoyang district.
Chinese education providers have been attracting major investment, while
others have been looking for global listings,latching onto
fast-rising demand from Chinese parents for high-end education services
for their kids.
latch onto:If someone latches onto a person or an idea
or latches on, they become very interested in the person or idea, often
finding them so useful that they do not want to leave them. 缠住不放
Rob had latched onto me.
RYB Education was listed on the New York Stock Exchange in September.
However, its stock plunged by 39.07 percent to 16.28 US dollars at 1440
GMT on Friday, below the issue price of 18.5 US dollars.
天文台，Experts told bjnews.com that the scandal surely exerted negative effects
on RYB’s stock prices, but there might be a chance ofgoing short.