TAL Education to acquire DaDa English at a valuation of 200 million

TAL Education said in its financial report that it recently reached an agreement to inject $ 10.4 million in cash for a one-to-one online English education brand in exchange for equity in the company.

TAL Education said in its financial report that it recently reached an agreement to inject $ 10.4 million in cash for a one-to-one online English education brand in exchange for equity in the company.

It is reported that, according to practitioners who are close to a TAL Education that the one-to-one education service provider is DaDa English, which is actually talking about acquisitions.

The acquisition valuation is about 200 million yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/29/tal-education-to-acquire-dada-english-at-a-valuation-of-200-million/.

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