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  "documentTitle": "GSX Techedu (GSX)",
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      "text": "Jining City Rencheng District Local Finance Regulatory and Management Bureau, February 1, 2017",
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      "text": "First, it was reported by Jining Daily that according to [Shandong Province] Jining City Rencheng District local finance regulator in February 2017, both Tangren Capital and Taihe Capital did not obtain business operating certificates.",
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      "text": "First, it was reported by Jining Daily that according to [Shandong Province] Jining City Rencheng District local finance regulator in February 2017, both Tangren Capital and Taihe Capital did not obtain business operating certificates.",
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      "text": "GSX's founder, Chairman and CEO, Xiangdong Chen, is the biggest shareholder (35%) of a financial company called Jining Century Tangren Minjian Capital Management Co., Ltd...",
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      "text": "8. Management’s Background Presents Risk to the Company",
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