TAL Education Invests $15 Mln In Guokr For Minority Stake - Quick Facts

(RTTNews) - TAL Education Group (XRS), a leading K-12 after-school tutoring services provider in China, announced that it has invested approximately US$15 million in Guokr Inc., a popular mobile and web-based community for science and technology education in China, for Guokr's minority equity interest.

"With our investment in Guokr we take another solid step towards transforming into a leading technology-driven education services provider in China. We are pleased with this opportune and complementary investment, which we continue to seek as we expand and innovate our core tutoring service offerings. Guokr and its Massive Online Open Course (MOOC) content will be an important addition to our blended learning approach across multi-media platforms, especially Internet and mobile Internet," said TAL's co-founder and General Manager of Investment Unit, Yachao Liu.