Thread by @MissMaga2016

I knew about Luckin, but didn’t know about the other two.

What’s this Tal Education Group? 🧐

https://twitter.com/chinainfocusntd/status/1249042210617733121

Here’s some brief info about Luckin:

https://twitter.com/missmaga2016/status/1245741185345486851?s=21

https://twitter.com/missmaga2016/status/1245741185345486851

Here’s an overview of TAL Education, which states they are a K-12 after-school tutoring services provider in China.

Do they also do business in the US??

globenewswire.com/news-release/2…

Here’s their website:

webcache.googleusercontent.com/search?q=cache…

Apparently, their shares rocketed up over 80% in 2019 alone....

fool.com/investing/2020…

Hmm, looks like they do at least some business in the US. There are reviews on Glassdoor by people in places such as NY and Texas who’ve worked for them.

glassdoor.com/Reviews/TAL-Ed…

SEC info....and where are they registered? In the Cayman Islands.

sec.report/CIK/0001499620

TAL reported to the SEC on April 7 that an employee conspired with vendors to inflate sales via forged contracts and documents. They stated those particular sales only constituted about 2-4% of estimated revenues.

Oops, I meant to link this above.

sec.report/Document/00011…