Tal Education Group (Beijing) (China)

The Company was previously engaged in the provision of high quality after-school tutoring programs (“AST”) for primary and secondary school students in the People's Republic of China (the “PRC”) and has realigned to focus on enrichment learning services and learning content solutions in the PRC.
The Company is a smart learning solutions provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life,” which reflects its vision to promote top learning opportunities for learners through both high-quality teaching and content, as well as leading edge application of technology in the learning experience.
Since its inception in 2005, the Company has witnessed tremendous developments in China's learning industry and continued to upgrade our business strategies to capture the new opportunities brought by technology advancement and evolving learning needs. Its widely trusted brand through word-of-mouth referrals and proven capabilities forge us valuable fortune to compete in the evolving learning industry.
The Company s businesses started in 2005 by launching tutoring services mainly for the K-12 age groups in China, and began to explore online learning services afterwards, with the mission to provide engaging and effective learning experiences regardless of the learners' geographic location or socio-economic background. The Company further expanded our offerings by introducing enrichment learning products, launching enterprise product suites and entering overseas markets in recent years. In compliance with regulatory policies promulgated in 2021, the Company ceased offering the K-9 Academic AST Services in the mainland of China at the end of 2021. The Company has since realigned its business focus towards (i) learning services and others, and (ii) learning content solutions to capture evolving customer needs. The Company has continued to integrate technology with learning, promote industry innovation, and lead industry development since its inception. The Company is always full of passion for empowering learners, teachers and learning institutions and keeping a keen prospective for the evolving and developing industry.
The Company has one single operating and reportable segment.
HISTORY
2005 The Company started its operation in 2005 with the establishment of Xueersi Education, a domestic company in China.

2008 The Company was incorporated in the Cayman Islands on January 10, 2008 to be the holding company for a group of companies.
The Company established TAL Holdings Limited in Hong Kong in March 2008 as our intermediary holding company.
2013 In August 2013, the Company changed the name of TAL Education Technology (Beijing) Co., Ltd. to Beijing Century TAL Education Technology Co., Ltd. In addition, the Company changed its umbrella brand from “Xueersi” to “Haoweilai.”
2010 The Company s ADSs, each three representing one Class A common share, have been listed on the New York Stock Exchange since October 20, 2010.
2016 The Company s common stock trade under the symbol “XRS,” which was changed to “TAL” effective from December 1, 2016.
2017 Effective on August 16, 2017, it adjusted the ratio of its ADSs to Class A common shares from one ADS representing two Class A common shares to three ADSs representing one Class A common share.
2020 As of February 29, 2020, the Group held 22.7 equity interest in Dada, which was accounted for as available-for-sale investment. Dada is a company providing one-on-one online English learning for children.
On April 30, 2020, the Group increased its shareholding to 92.6 with additional cash consideration of 10,437 and obtained control of Dada.