TAL Education Group
Native name
好未来
ISINUS8740801043
IndustryElementary and Secondary Schools Edit this on Wikidata
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

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 2 3 "TAL Education Group (TAL)". Forbes. Retrieved 16 May 2020.
  2. 1 2 3 4 5 6 7 8 "TAL Education Group ADR". The Wall Street Journal. Retrieved 16 May 2020.
  3. 1 2 3 4 5 6 7 "TAL Education Group (ADR)". Reuters. Retrieved 16 May 2020.
  4. 1 2 3 4 5 "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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