TAL Education Group | |
Native Name: | 好未来 |
Isin: | US8740801043 |
Founders: | Zhang Bangxin Cao Yundong |
Hq Location City: | Beijing |
Hq Location Country: | China |
Areas Served: | Mainland China Hong Kong |
Key People: | |
Brands: | Xueersi, Mobby, Firstleap, Izhikang, Shunshun Liuxue |
Revenue: | US$4.495 Billion (Fiscal Year Ended 28 February 2021)[1] |
Operating Income: | –US$438.224 Million (Fiscal Year Ended 28 February 2021) |
Net Income: | –US$143.050 Million (Fiscal Year Ended 28 February 2021) |
Assets: | US$12.112 Billion (Fiscal Year Ended 28 February 2021) |
Equity: | US$5.202 Billion (Fiscal Year Ended 28 February 2021) |
Owners: | --> |
Num Employees: | 34,733 |
TAL Education Group, which stands for "Tomorrow Advancing Life",[2] 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. The company was founded in August 2003 by Zhang Bangxin and Cao Yundong, as "Xueersi" (Study and think).
The company provides standardized test preparation and consultation services for students studying abroad.[3] 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.[4]
In 2018, it acquired CodeMonkey.[5] [6]