TAL Responds to Secondary Listing Rumors
"We have no plans of a secondary listing and are currently focusing on business and our services," Said TAL NetEase.TAL was recently rumored to have plans of returning to Hong Kong’s secondary listing as soon as the end of 2020, raising at most USD 2 billion.
Original: Click here
TAL Cooperates with Alibaba Cloud
TAL Education to Debut Its AI Solutions at CIFTIS
TAL Goes from Loss to Profit in Q1 of Fiscal Year 2021
According to the report, TAL has generated a revenue of USD 910.7 million, a YoY increase of 35.2% that exceeded previous expectations of USD 875-896 million.
Meanwhile, TAL's operating profit for the quarter was USD 35.5 million, a YoY decrease of 26.8% and a net profit of USD 81.7 million.
With revenue exceeding USD 900 million in a single quarter, and the growth rate returning to more than 30%, TAL has set a record compared to its previous quarters.
Luo Rong, Chief Financial Officer of the company, said, "The performance growth in the first quarter was mainly driven by the business of Xueersi, maintaining healthy growth." He further added, "Offline businesses are still under pressure due to the epidemic, but as China has made progress in the fight against it, we are gradually resuming various offline businesses within the scope permitted by the state."
Online Education Firms Gain More than 100,000 Students in a Month
New Oriental Splits Adult Training Business
GSX Techedu Shares Break Previous Records
GSX Received the Tenth Short-Selling Report from Scorpio VC, Who Claims that the Former Falsified Revenue through VAT
New Oriental Comments on the Trend of Studying Abroad in a Complex International Context
New Oriental Responds to Rumors of a Hong Kong IPO by Saying It Has No Plans for A Secondary Listing in Hong Kong
TAL Responds to Hong Kong IPO Rumors: No plans at Present
China's Online Education Users Reach 381 Million
Gree: Dong Mingzhu’s Live Broadcast Sales in Dezhou Reach 2.22 Billion
OPPO and Midea Reach a Strategic Cooperation
Owl Ventures Leads Lele's USD 40 Million Financing
Midea Group: The Repurchase Price Does Not Exceed CNY 75 Per Share
Midea to Release Home Appliances Equipped with Harmony OS
Haier Smart Home Submits a Listing Application to HKEX
Gome Appoints Xiang Hailong as Executive Vice President of Gome Retail Holdings
Online Children's Education Company iHuman to Go Public on NYSE
EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.
We strive to make technology inclusive, accessible and transparent.
Join over 70,000 of your peers
9 Xiaguangli, 10F Block A CEC Development Mansion, Chaoyang Dc, Beijing 100125, China
A002, 5F, Ai Tower, 701 Yunjin Road, Xuhui Dc, Shanghai 200232, China
800 Third Ave, 28F, New York, NY 10022, USA
Interviews with analysts
Products & prices
Customers & evaluation
Copyright ©2020 EqualOcean.com. All rights reserved.