TAL Education Increases Strategic Equity Stake In Shunshun Bida

(RTTNews) - TAL Education Group (XRS), a leading K-12 after-school tutoring services provider in China, announced that it has increased its equity stake in Beijing Shunshunbida Information Consulting Co., Ltd. or "Shunshun Bida", which primarily engages in providing professional counseling services to students who desire to study abroad through its online-to-offline platform.

TAL made a minority equity investment in Shunshun Bida in December 2015, and, after the increase of equity stake today, has become the controlling shareholder of Shunshun Bida.

Shunshun Bida currently employees close to 1,000 professional consultants in 16 branches across China. It has built its services around its self-developed customer relationship system and the research and development customer data.

After TAL's minority investment in Shunshun Bida last year, TAL's liuxue.com, which is a licensed website to provide information on overseas study, has integrated with Shunshun Bida. Shunshun Bida will be operated independently under the umbrella of the "TAL" brand.