TAL Education Group

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]

TAL Education Group
Native name
好未来
ISINUS8740801043
FoundedAugust 2003 (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

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. "TAL Education Group (TAL)". Forbes. Retrieved 16 May 2020.
  2. "TAL Education Group ADR". The Wall Street Journal. Retrieved 16 May 2020.
  3. "TAL Education Group (ADR)". Reuters. Retrieved 16 May 2020.
  4. "TAL Education Group 2021 Annual Report". TAL. 28 February 2021. Retrieved 25 August 2021.
  5. Echo, Yan. "TAL Education Group Announces Management Change". CISION. TAL Education Group. Retrieved 6 November 2021.
  6. "TAL Education Group". CNBC. Retrieved 6 November 2021.
  7. De Silva, Dilantha (Sep 22, 2021). "TAL Education Stock: Do Not Test The Depth Of The River". Seeking Alpha. Retrieved 6 November 2021.
  8. "CodeMonkey Acquired by TAL Education Group". EdSurge.
  9. "Israeli Educational Coding Startup CodeMonkey Acquired By China's Leading EdTech Group". NoCamels.
  • Official website
  • Business data for TAL Education Group:



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