TAL Education Group
 | |
.jpg?lang=en) Headquarters | |
Native name | 好未来 |
|---|---|
| ISIN | US8740801043 |
| Industry | Elementary and Secondary Schools  |
| Founded | August 2003 |
| Founders | Zhang Bangxin Cao Yundong[1][2] |
| Headquarters | , China |
Areas served | Mainland China Hong Kong[3] |
Key people | |
| Brands | Xueersi, Mobby, Firstleap, Izhikang, Shunshun Liuxue[3] |
| Revenue |  US$4.495 Billion (Fiscal Year Ended 28 February 2021)[4] |
 –US$438.224 Million (Fiscal Year Ended 28 February 2021)[4] | |
| –US$143.050 Million (Fiscal Year Ended 28 February 2021)[4] | |
| Total assets | US$12.112 Billion (Fiscal Year Ended 28 February 2021)[4] |
| Total equity | US$5.202 Billion (Fiscal Year Ended 28 February 2021)[4] |
Number of employees | 34,733[2] |
| Website | en |
TAL Education Group (Chinese: 好未来), which stands for "Tomorrow Advancing Life",[5] is a Chinese holding company that offers after-school education and tutoring for students in primary and secondary school. It is headquartered in Beijing, China.[1][2][3] The company was founded in August 2003 by Zhang Bangxin and Cao Yundong, as "Xueersi" (Study and think).[1][2]
The company provides standardized test preparation and consultation services for students studying abroad.[6] It offered help to kids who could not go to school due to the COVID-19 pandemic in subjects including mathematics, Chinese, English, and coding. After new rules were issued by the Chinese government preventing for-profit tutoring companies from earning a profit, the company's stock went down significantly, with a projected 70% decrease in 2022 revenue.[7]
In 2018, it acquired CodeMonkey.[8][9]
References
[edit]- ^ a b c "TAL Education Group (TAL)". Forbes. Retrieved 16 May 2020.
- ^ a b c d e f g h "TAL Education Group ADR". The Wall Street Journal. Retrieved 16 May 2020.
- ^ a b c d e f g "TAL Education Group (ADR)". Reuters. Retrieved 16 May 2020.
- ^ a b c d e "TAL Education Group 2021 Annual Report". TAL. 28 February 2021. Retrieved 25 August 2021.
- ^ Echo, Yan. "TAL Education Group Announces Management Change". CISION. TAL Education Group. Retrieved 6 November 2021.
- ^ "TAL Education Group". CNBC. Retrieved 6 November 2021.
- ^ De Silva, Dilantha (Sep 22, 2021). "TAL Education Stock: Do Not Test The Depth Of The River". Seeking Alpha. Retrieved 6 November 2021.
- ^ "CodeMonkey Acquired by TAL Education Group". EdSurge.
- ^ "Israeli Educational Coding Startup CodeMonkey Acquired By China's Leading EdTech Group". NoCamels.
External links
[edit]- Official website
- Business data for TAL Education Group:
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