Tal Education Group

TAL Education Group
	Headquarters
Native name	好未来
Traded as	NYSE: TAL;
ISIN	US8740801043
Founded	August 2003; 20 years ago
Founders	Zhang Bangxin; Cao Yundong
Headquarters	Beijing, China
Areas served	Mainland China; Hong Kong
Key people	Zhang Bangxin; (chairman and CEO); Bai Yunfeng; (president); Luo Rong; (CFO); Liu Yachao; (COO);
Brands	Xueersi, Mobby, Firstleap, Izhikang, Shunshun Liuxue
Revenue	US$4.495 Billion (Fiscal Year Ended 28 February 2021)
Operating income	–US$438.224 Million (Fiscal Year Ended 28 February 2021)
Net income	–US$143.050 Million (Fiscal Year Ended 28 February 2021)
Total assets	US$12.112 Billion (Fiscal Year Ended 28 February 2021)
Total equity	US$5.202 Billion (Fiscal Year Ended 28 February 2021)
Number of employees	34,733
Website	en.100tal.com

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

↑ ^1.0 ^1.1 ^1.2 "TAL Education Group (TAL)". Forbes. https://www.forbes.com/companies/tal-education-group/.
↑ ^2.0 ^2.1 ^2.2 ^2.3 ^2.4 ^2.5 ^2.6 ^2.7 "TAL Education Group ADR". The Wall Street Journal. https://www.wsj.com/market-data/quotes/TAL/company-people.
↑ ^3.0 ^3.1 ^3.2 ^3.3 ^3.4 ^3.5 ^3.6 "TAL Education Group (ADR)". Reuters. https://www.reuters.com/companies/TAL.N.
↑ ^4.0 ^4.1 ^4.2 ^4.3 ^4.4 "TAL Education Group 2021 Annual Report". 28 February 2021. https://ir.100tal.com/static-files/2524b597-2b62-4542-9cee-ce40d2898ce9. Retrieved 25 August 2021.
↑ Echo, Yan. "TAL Education Group Announces Management Change". TAL Education Group. https://www.prnewswire.com/news-releases/tal-education-group-announces-management-change-301384633.html.
↑ "TAL Education Group". CNBC. https://www.cnbc.com/quotes/TAL.
↑ De Silva, Dilantha (Sep 22, 2021). "TAL Education Stock: Do Not Test The Depth Of The River". Seeking Alpha. https://seekingalpha.com/article/4456539-tal-education-do-not-test-the-depth-of-the-river.
↑ "CodeMonkey Acquired by TAL Education Group". EdSurge. https://www.edsurge.com/news/2018-12-05-codemonkey-acquired-by-tal-education-group.
↑ "Israeli Educational Coding Startup CodeMonkey Acquired By China's Leading EdTech Group". NoCamels. https://nocamels.com/2018/12/codemonkey-acquired-china-tal/.

External links

Business data for TAL Education Group:
- Yahoo! Finance
- Bloomberg
- Reuters
- SEC filings

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[forbes-1] 1.0 ^1.1 ^1.2 "TAL Education Group (TAL)". Forbes. https://www.forbes.com/companies/tal-education-group/.

[wsj-2] 2.0 ^2.1 ^2.2 ^2.3 ^2.4 ^2.5 ^2.6 ^2.7 "TAL Education Group ADR". The Wall Street Journal. https://www.wsj.com/market-data/quotes/TAL/company-people.

[reuters-3] 3.0 ^3.1 ^3.2 ^3.3 ^3.4 ^3.5 ^3.6 "TAL Education Group (ADR)". Reuters. https://www.reuters.com/companies/TAL.N.

[AnnualR2021-4] 4.0 ^4.1 ^4.2 ^4.3 ^4.4 "TAL Education Group 2021 Annual Report". 28 February 2021. https://ir.100tal.com/static-files/2524b597-2b62-4542-9cee-ce40d2898ce9. Retrieved 25 August 2021.

[5] Echo, Yan. "TAL Education Group Announces Management Change". TAL Education Group. https://www.prnewswire.com/news-releases/tal-education-group-announces-management-change-301384633.html.

[CNBC-6] "TAL Education Group". CNBC. https://www.cnbc.com/quotes/TAL.

[alpha-7] De Silva, Dilantha (Sep 22, 2021). "TAL Education Stock: Do Not Test The Depth Of The River". Seeking Alpha. https://seekingalpha.com/article/4456539-tal-education-do-not-test-the-depth-of-the-river.

[8] "CodeMonkey Acquired by TAL Education Group". EdSurge. https://www.edsurge.com/news/2018-12-05-codemonkey-acquired-by-tal-education-group.

[9] "Israeli Educational Coding Startup CodeMonkey Acquired By China's Leading EdTech Group". NoCamels. https://nocamels.com/2018/12/codemonkey-acquired-china-tal/.