TAL

好未来

An elementary and secondary education institution

TAL, founded in January, 2008 and headquartered in Beijing, is an elementary and secondary education institution. The founder is Zhang Bangxin. Listed on NYSE on October 20, 2010, the company's major shareholders include Fan Baorong and Hu Yongsheng. Rivals that have direct and indirect competition with TAL include New Oriental, GSX, LRN and Lynda.

An elementary and secondary education institution

Sector

Consumer Discretionary

Industry

Educational Services

Sub-industry

Educational Services

Founded date

Jan 10, 2008

HQ location

Beijing, China

Legal name

TAL Education Group, Inc.

Website

http://www.100tal.com

zhangsen@100tal.com

Number of Employees

34733

News

Jun 8, 2020 · The Paper

News

Jun 8, 2020 · The Paper

TAL Responds to Hong Kong IPO Rumors: No plans at Present

News

May 26, 2020 · LatePost

News

May 26, 2020 · LatePost

TAL Education Group Consolidates B2B and B2C Divisions due to Budget Constraint

News

May 18, 2020 · Chinaventure

News

May 18, 2020 · Chinaventure

Hillhouse reduced TAL shares and liquidated New Oriental

News EO

Apr 29, 2020

News EO

Apr 29, 2020

Will DaDa English Be Acquired by TAL?

► TAL releases financial report for the 2020 fiscal year. ► TAL to acquire an English online education firm. On April 29, the Chinese education giant, TAL (TAL: NYSE) released its unaudited fourth quarter and full 2020 fiscal year (as of February 29, 2020) financial report. Within the report, the firm disclosed reaching an investment agreement worth USD 10.4 million in exchange for a controlling interest in an online one-on-one English training institution. Although TAL did not disclose the name of the company, we believe that it is very likely to be the once-famous 'DaDa.' The NYSE-listed firm stated in the financial report that the English training institution is in trouble and has significant deferred income liabilities. Before the completion of the above transaction, TAL already had a minority stake in the invested unit. Talking about the relationship between the two, TAL has invested in DaDa English several times. It was one of the main investors in DaDa’s C and D rounds worth USD 100 million and USD 255 million respectively. This is a strong indicator of the acquisition. The founder and CEO of TAL, Zheng Bangxin holds 75.5% stake in another children’s English training firm, First Leap (欣欣相融教育科技) and according to the data from the company's survey, First Leap is the major shareholder of DaDa English with 31% shares. DaDa English founded in 2013, is a one-on-one English training platform for children aged 4-16. According to the latest data, the firm has 7 million registered users and hundreds of thousands of paying users in 2018. The firm also confirmed that it has generated revenue between CNY 600 - 700 million in 2019. Talking about competition, the leading firms of the track are, unicorn labeled VIPKID, NYSE listed 51Talk and PingAn backed vipJr, which has recently changed its name to ‘Ping An Hao Xue’ (平安好学). VIPKID has shown no signs of weakness. In October last year, it raised a USD 150 million Series E financing led by Tencent. Three months later its spin-off unit, Dami Online School, which focuses on large online live tutoring for primary students raised USD 80 million in Series A funding from investors including Tencent, Sequoia Capital China and Hommer Capital. VipJr was acquired by Ping An last year and it is now integrated into the Ping An Smart Education. With a huge name to rely on, vipJr now known as Ping An Hao Xue will become a ‘K12 one-stop general learning platform’ instead of just focusing on English language training. In the midst of such tough competition, the best option for DaDa English may be an acquisition from an experienced Education giant. TAL’s First Leap focuses on the development of the English ability of children aged 3-8 and has two modes: offline interactive small class and online-synchronized practice. DaDa English's online one-on-one model would be a great addition to the above model. Although we do not exactly know the company TAL wants to acquire, however, if it is DaDa then the competition of one-on-one online English track will further intensify.

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News

Mar 11, 2020 · 36Kr

News

Mar 11, 2020 · 36Kr

Is TAL's era of high growth over? As Profits fell by more than 90% with marketing costs rocketing up by 75%.

Analysis

Mar 5, 2020 · eeo.com

Analysis

Mar 5, 2020 · eeo.com

TAL leads the industry oto 'online education' but challenges still exist

Announcements

Mar 2, 2020 · TAL

Announcements

Mar 2, 2020 · TAL

TAL unaudited quarterly interim financial report

Announcement: Click here

Analysis

Feb 18, 2020 · China IPO

Analysis

Feb 18, 2020 · China IPO

New Oriental and TAL Reanalysis

Analysts

Linyan Feng

Automotive

Butao Wang

Retail, finance

Yue Liu

Consumption

Announcements

Feb 4, 2020 · TAL

Announcements

Feb 4, 2020 · TAL

Form SC 13G 好未来 : Statement of acquisition of beneficial ownership by individuals

Announcement: Click here

Research

Jan 23, 2020 · The above information is fromGuotai Junan Securities, with source link: www.gtja.com. Please contact this company if full report is needed.

Research

Jan 23, 2020 · The above information is fromGuotai Junan Securities, with source link: www.gtja.com. Please contact this company if full report is needed.

TAL's Q3 revenue exceeded USD 862 million, a year-on-year growth of 47.2%, exceeding market expectations

Research

Jan 22, 2020 · The above information is fromEverbright Securities, with source link: www.ebscn.com/. Please contact this company if full report is needed.

Research

Jan 22, 2020 · The above information is fromEverbright Securities, with source link: www.ebscn.com/. Please contact this company if full report is needed.

TALannounces Q3 report: The growth of online school is facing pressure

News

Jan 21, 2020 · Tech.China

News

Jan 21, 2020 · Tech.China

TAL's third quarter net income is up 47.2% year-on-year

EO analysis

Baidu Acquires 'Little Fish' to Compete with Alibaba and Xiaomi in Smart Voice

News

Dec 24, 2019 · Money.163

News

Dec 24, 2019 · Money.163

TAL invests CNY 100 million in Xiaoe tech

News

Dec 16, 2019 · China IPO

News

Dec 16, 2019 · China IPO

TAL, with a market value of more than USD 26 billion, will be spending more than USD1.4 billion on new a building

Analysis

Dec 9, 2019 · CNFOL

Analysis

Dec 9, 2019 · CNFOL

HR sharing and transformation road of TAL

News

Nov 25, 2019 · TechWeb

News

Nov 25, 2019 · TechWeb

TAL releases educational institution AI course production platform PHOENIX

Analysts

Linyan Feng

Automotive

Butao Wang

Retail, finance

Yue Liu

Consumption

EO analysis

Baidu Acquires 'Little Fish' to Compete with Alibaba and Xiaomi in Smart Voice