TAL Education Group

Headquarters

Native name

| 好未来

Traded as

* NYSE: TAL

ISIN| US8740801043
Founded| August 2003; 22 years ago (2003-08)
Founders| Zhang Bangxin
Cao Yundong[1][2]
Headquarters|

Beijing

China

Areas served

| Mainland China
Hong Kong[3]

Key people

* Zhang Bangxin
(chairman and CEO)[2][3]
* Bai Yunfeng
(president)[2][3]
* Luo Rong
(CFO)[2][3]
* Liu Yachao
(COO)[2][3]

Brands| Xueersi, Mobby, Firstleap, Izhikang, Shunshun Liuxue[3]
Revenue|  US$4.495 Billion (Fiscal Year Ended 28 February 2021)[4]

Operating income

|  –US$438.224 Million (Fiscal Year Ended 28 February 2021)[4]

Net income

|  –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.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/.

## External links

* Business data for TAL Education Group:

* Yahoo! Finance
* Bloomberg
* Reuters
* SEC filings

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/TAL Education Group. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Company:TAL_Education_Group&oldid=1046555"