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TAL Education Group

Topic: Company

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TAL Education Group
Native name
好未来
ISINUS8740801043
FoundedAugust 2003; 22 years ago (2003-08)
FoundersZhang Bangxin
Cao Yundong[1][2]
Headquarters
Beijing
,
China
Areas served
Mainland China
Hong Kong[3]
Key people
BrandsXueersi, Mobby, Firstleap, Izhikang, Shunshun Liuxue[3]
RevenueIncrease US$4.495 Billion (Fiscal Year Ended 28 February 2021)[4]
Decrease –US$438.224 Million (Fiscal Year Ended 28 February 2021)[4]
Decrease –US$143.050 Million (Fiscal Year Ended 28 February 2021)[4]
Total assetsIncrease US$12.112 Billion (Fiscal Year Ended 28 February 2021)[4]
Total equityIncrease US$5.202 Billion (Fiscal Year Ended 28 February 2021)[4]
Number of employees
34,733[2]
Websiteen.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. ↑ 1.0 1.1 1.2 "TAL Education Group (TAL)". Forbes. https://www.forbes.com/companies/tal-education-group/. 
  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. 
  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. 
  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. 
  6. ↑ "TAL Education Group". CNBC. https://www.cnbc.com/quotes/TAL. 
  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/. 




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