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https://www.wsj.com/articles/princeton-review-and-tutor-com-are-now-owned-by-a-chinese-company-58ebea38

Chinese Company Now Owns Tutoring Firm Contracted by Military and Schools in U.S.

Princeton Review and Tutor.com were quietly sold over a year ago

By Melissa Korn

Updated May 8, 2023 1:07 pm ET

Princeton Review and Tutor.com were purchased by China-based private-equity firm Primavera Capital. Photo: Joe Raedle/Getty Images

Princeton Review and Tutor.com say a Chinese private-equity firm has received regulatory approval to buy the test-prep company and online tutoring platform, more than 15 months after the acquisition closed.

Primavera Capital Group, based in Hong Kong, quietly purchased the well-known brands from Korean education company ST Unitas in January 2022, at a time of increased scrutiny of Chinese investment in the U.S.

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