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在线翻译:
szdaily -> Shenzhen -> 
Wall Street English’s last SZ center closes
    2021-08-16  08:53    Shenzhen Daily

A WALL Street English training center in Shenzhen, located in Xinhua Insurance Building in Futian CBD, was closed Friday, Shenzhen Economic Daily reported.

In its heyday, Wall Street English had a total of eight centers in Shenzhen. The last center in Xinhua Insurance Building has closed.

Several Chinese media outlets reported Wall Street English would soon file for bankruptcy, with some of its centers in Beijing, Shanghai and Guangzhou also shut down recently.

A reporter with the Daily found the door of Wall Street English’s Futian CBD center was closed 10 a.m. Saturday, when the classes would usually be ongoing. A notice on the south gate was put up Friday which suggested that Wall Street English Training Center (Guangdong) Co. Ltd. defaulted on a huge rent payment for the Xinhua Insurance Building space and the landlord decided to cancel the lease contract, reclaim the property and reserve the right to recover the loss.

In addition to the lease notice, another one on its gate showed Wall Street English has failed to pay real estate management fees amounting to 36,865 yuan (US$5,692).

Some students came to the center Saturday and one student called one of the center’s teachers. However, the teacher said he is also a victim of the closure and hasn’t been paid for several months.

According to the students, their learning packages cost varied, ranging from over 50,000 yuan to more than 100,000 yuan.

The reporter then called Wall Street English’s service hotline but could not get through. Later, the reporter tried to contact Wall Street English’s Tmall shop customer service but still got no replies.

Wall Street English’s Tmall shop mainly sells online lessons. The cheapest lesson package costs 12,800 yuan, with 21 orders made, according to the report.

Founded in Italy in 1972, Wall Street English is an international company that primarily focuses on English for adults. On its website, the company says it opened its first center in China in 2000, and now has 39 centers in 11 major Chinese cities, including Beijing, Shanghai, Guangzhou and Shenzhen.

(Wang Jingli)

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