BEIJING:, May 10 (Retuers) - China's market regulator said on Monday it fined online education startups Yuanfudao and Zuoyebang 2.5 million yuan (US$388,754) each for misleading consumers.

Alibaba-backed online tutor Zuoyebang was found to be using false advertising while Tencent-backed education technology firm Yuanfudao was found to be using misleading pricing, the regulator said in a statement.