Wait a minute

$New Oriental Education & Technology(EDU)$ The government practically killed off all future competitors as well as the current small competitors by disallowing fundraising. While $TAL and $EDU suffered 50%+ loss in their normal businesses, they also now have the field practically to themselves without having to burn cash to fend off numerous new entrants armed by other big money capitalists. $TAL and $EDU can now make money more easily in the areas they're still allowed to profit (non-school subjects + everything high school and above, which are still very serious and important business), and they can benefit from their dominant positions when entering new educational fields that are not regulated. Given the drop of 94% for $TAL and 89% for $EDU from ATH, the punishment was overly severely for the amount of revenue lost, and not counting a better road to profitability with less competition and better inroads for future endeavors of these dominant companies.$New Oriental Education & Technology(EDU)$