TAL(好未来)
Fast facts
- Year Founded
- 2008
Source: TAL Websiteen.100tal.com/who/history
- HQ Location
- Beijing, China
- Publicly Traded?
- Yes
Source: New York Stock Exchangewww.nyse.com/quote/XNYS:TAL
- Overseas Operations
- No
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
Source: TAL Education Group 2020 Annual Reportir.100tal.com/static-files/a1b17851-b020-41a7-af57-0f2a7eb834db
Valuation
Valuation is reported as market capitalization. It was last updated on June 26, 2022 13:49:06.Source: Yahoo Financefinance.yahoo.com/quote/TAL/key-statistics
Employees
Source: TAL Website (Chinese)www.100tal.com/about.html
One of the biggest after-school tutoring firms in China, TAL (“Tomorrow Advancing Life,” previously named Xueersi) was founded in 2003. By 2020, it had grown to over 45,000 employees and 990 teaching centers in 110 cities. It offers K-12 small group classes, premium one-on-one services, and online courses including core academic subjects and competency-based programs.
In 2010, TAL went public on the NYSE at $2.75 per share. Its price peaked at over $90 in February 2021, months before collapsing by over 93%. The cause: China had abruptly banned for-profit tutoring on K-12 subjects — which made up 80% of the company’s revenue — essentially forcing TAL to become a non-profit or pivot to new businesses, such as test prep and after-school child care.
Source: TAL Websiteen.100tal.com/who
All directors and executive officers as a group holds 34% of TAL Education Group's stocks.
Source: TAL Education Group 2020 Annual Reportir.100tal.com/static-files/a1b17851-b020-41a7-af57-0f2a7eb834db
-
- Name
- Ownership
-
- Bright Unison Limited
Source: Qichachawww.qcc.com/firm/l00198633056ebfba91b641fefbb2e45.html
- 22.3%
- Bright Unison Limited
-
- Morgan Stanley
Source: Qichachawww.qcc.com/firm/l00198633056ebfba91b641fefbb2e45.html
- 5.9%
- Morgan Stanley
-
- Liú Yàchāo
Source: Qichachawww.qcc.com/firm/l00198633056ebfba91b641fefbb2e45.html
- Liú Yàchāo
-
- Perfect Wisdom International Limited
Source: Qichachawww.qcc.com/firm/l00198633056ebfba91b641fefbb2e45.html
- 3.5%
- Perfect Wisdom International Limited
- Bai Yunfeng, Chairman and President
- Zhang Bangxin, Director and CEO
- Liu Yachao, Chief Operating Officer
- Jane Jie Sun, Independent Director
- Zhang Kaifu, Independent Director
- Chen Weiru, Independent Director
- Luo Rong, Chief Financial Officer
- Tian Mi, Chief Technology Officer
Source: TAL Education Group 2020 Annual Reportir.100tal.com/static-files/a1b17851-b020-41a7-af57-0f2a7eb834db
TAL Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
TAL Reputational Disclosures
TAL Education in April 2020 announced it had found an employee who had “wrongly inflated sales” of an educational program in its internal audition, noting the employee forged contracts and other documents. The company earlier in 2018 was accused of inflating profits and misleading the public by Muddy Waters.
Source: TAL Educationir.100tal.com/news-releases/news-release-details/tal-education-group-discovered-employee-wrongdoingSource: Muddy Waterswww.muddywatersresearch.com/research/tal/mw-is-short-tal/
The latest news on TAL from SupChina
Shares plunge as Beijing pushes ahead with new rules for education and tech companies
Investors are fleeing Chinese education stocks and pricing in risks across a range of industries as Beijing heats up a long-brewing regulatory storm.
China’s after-school tutoring crackdown goes nuclear
New draft rules circulated today would force China’s private education companies to turn nonprofit. Share prices of tutoring companies plummeted, and some see the end of a highly lucrative industry.
Beijing rolls out tuition guidelines for after-school tutoring sector
Beijing regulators issued a long-anticipated guideline on tuition fees in the after-school tutoring sector. The message: “Stop blindly expanding.”
Beijing slaps private tutoring companies with $80,000 maximum penalty
The penalty on companies including GSX Techedu, New Oriental Education, and TAL Education is the flashiest move to date following Beijing’s new resolve to crackdown on the private tutoring industry.
The latest news on TAL from across the web
TAL Education Group 2019 Q3 - Results - Earnings Call Slides (NYSE:TAL)
The following slide deck was published by TAL Education Group in conjunction with their 2019 Q3 earnings call.
Tal Education Is A Slightly Better Pick Than New Oriental (NYSE:EDU)
China’s after school tutoring market has lots of potential for growth. Tal Education and New Oriental are Tier 1 companies that should benefit the most from industry expansion.
TAL Education
A Harvard University representative, who attended the opening ceremony of the new center in Boston, said that education should surpass politics.
TAL Education updates on new Beijing measures
TAL Education Group (TAL) says the Beijing Municipality Government and the Beijing Municipal Committee of the Communist Party of China issued new measures. Read details.
TAL Education Group Announces Management Change
/PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, today announced that...
The casualties of China’s education crackdown
Elliott Zaagman Contributor Share on Twitter Once the darlings of Wall Street and venture capital as recently as the beginning of this year, China’s edtech firms are now wondering if they will be able to remain solvent long enough to see the beginning of the next. In a series of sweeping regulations, the central government […]
China Freezes Tutoring Firms’ Fees, Enrollment Pending Approvals
China has banned firms that teach school subjects from enrolling new students or collecting fees until they’re officially registered as non-profits by the end of 2021.
China Says Government to Set Prices for After-School Classes
China said local governments should set the fees for after-school tutoring institutions that offer compulsory education subjects, another step in the country’s efforts to overhaul the private education sector.
Morgan Stanley thinks Chinese education companies have a way forward despite the crackdown
One beaten-down U.S.-listed Chinese education stock can recover by 55% as tutoring companies shake off the regulatory crackdown, Morgan Stanley analysts said.
TAL Education Group Announces Repurchase of Convertible Senior Notes due 2026
/PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL) today announced that the Company has entered into definitive agreements with the...
TAL Education Group to Hold Annual General Meeting on August 23, 2021
/PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today announced that...
China’s Education Crackdown Pushes Costly Tutors Underground
China’s latest campaign to rein in its $100 billion out-of-school education sector was meant to level the playing field for all. Instead, the crackdown is forcing tutors under the radar, making their services even more expensive -- and exclusive.
TAL Education Group Cancels Scheduled Earnings Release and Earnings Call
BEIJING, July 30, 2021 /PRNewswire/ -- TAL Education Group ('TAL' or the 'Company') (NYSE: TAL), a leading K-12 after-school tutoring services pro...
Investors Lost Hundreds of Billions on China in July
The widening regulatory crackdown by Beijing wiped some $400 billion off the value of U.S.-listed Chinese companies this month.
China Education Tycoon Loses $15 Billion as Shares Tumble
Larry Chen, the former school teacher who became one of the world’s richest people, has lost his billionaire status as China cracks down on its private education sector.
TAL Education Group Provides Update on New Regulations
/PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, announced that, on...
World’s Biggest Stock Losers Are Chinese Tutors Amid Crackdown
Shares of China’s once high-flying private education companies are the world’s worst performers this year amid a government crackdown aimed at easing student workloads and costs.
Why Chinese Education Stocks Crashed Today @themotleyfool #stocks $EDU $TAL $GOTU
The Chinese government continues to crack down on the sector.
Beijing Slaps Fines on Tutoring Apps Backed by Tencent, Alibaba
China is expanding its far-reaching tech campaign into online education, issuing the maximum penalties to two of the country’s fastest-growing tutoring apps for violating competition and pricing laws.
TAL Education Group Files Its Annual Report on Form 20-F
/PRNewswire/ -- TAL Education Group (the "Company") (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, today announced it filed its...
TAL Announces Agreements for US$3.3 Billion of Private Placement with Silver Lake and Other Investors
/PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today announced that...
Why China's Cracking Down on Tech Giants Ant, Alibaba, Tencent
China’s hands-off approach to the technology sector has minted billionaires and giant companies at a breathtaking pace. Now President Xi Jinping’s government is reining in the country’s most powerful corporations, including Alibaba Group Holding Ltd., Tencent Holdings Ltd and Didi Global Inc., along with their ultra-rich founders. The scrutiny is shaping up as one of the largest concerted actions against private enterprise in decades and raising the prospect that the leeway enjoyed by entreprene
One of the Year’s Worst Short Bets Defies Scathing Reports and an SEC Investigation
No stock has been more heavily attacked by activist short sellers this year than GSX Techedu, but the New York-listed Chinese tutoring company has so far come out on top.
China Battery Maker Suspended as Short Seller Questions Profits
A Chinese maker of electric vehicles plunged in Hong Kong after a critical report questioned the firm’s accounting.
TAL Education shares slide 9% premarket after company uncovers fraudulent sales accounting, employee arrested
Shares of Tal Education Group undefined, a provider of K-12 after-school tutoring services in China, fell 9% in premarket trade Wednesday, after the company...
Why Shares of New Oriental Education Group Gained 10% Last Month @themotleyfool #stocks $EDU $TAL
The response to its earnings report was surprising.
China’s Online Education Boom: How Investors Can Profit From It @themotleyfool #stocks $TAL $EDU $1797
Here are two Chinese online education stocks that are set to benefit from the fast-growing online education space in China.
Short Seller Targets Anta in Another Attack on China’s Biggest Sportswear Company
Carson Block’s Muddy Waters, a short seller, took aim at Anta Sports Products, becoming the third firm in little more than a year to question the financials of China’s most valuable sportswear company.
NYSE-Listed TAL Education Group Acquires Test-Prep Startup Ready4
Ready4 develops an artificial intelligence-based platform that provides personalized online test prep and university admissions guidance
CodeMonkey Acquired by TAL Education Group - EdSurge News
BEIJING – CodeMonkey caught more than a few bananas today.An educational coding platform for grade school students with the cheeky tagline, “Write ...
TAL Education Group buys Chinese kids game maker Dr. Panda
The Chinese education company Dr. Panda is being acquired by Chinese firm TAL (Tomorrow Advancing Life) Education Group. Dr. Panda makes educational games.
Why TAL Education Group Stock Dropped 13% Last Month @themotleyfool #stocks $TAL $EDU
Shares of the Chinese tutoring service dipped on slowing growth in its earnings report and as accusations from a short-seller continued.
Short Seller Carson Block Claims Another Victim
Asian stocks were mixed Friday after President Trump approved tariffs on about $50 billion worth of Chinese goods. The Shanghai stocks fell 0.9%. Meanwhile, Carson Block has another Chinese company in his sights.
China-based online education companies just launched an aggressive hiring spree in search of U.S. teachers
Teachers have long supplemented their incomes by tutoring. And there’s perhaps never been a better, or easier, time to do it than right now. The reason: China-based online education companies are in an apparent race with each other to hire U.S. teachers who’d like to work from home this summer and, using their webcams, “teach […]
How TAL Education is using AI to improve online tuition
The NYSE-listed private tutoring group is using face and voice recognition to monitor students’ understanding during online classes
