|Bid||67.21 x 800|
|Ask||67.21 x 1000|
|Day's Range||65.84 - 68.46|
|52 Week Range||42.36 - 83.68|
|Beta (5Y Monthly)||0.15|
|PE Ratio (TTM)||1,639.15|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 09, 2017|
|1y Target Est||N/A|
(Bloomberg) -- ByteDance Ltd. has taken the wraps off its first consumer gadget -- a $100 lamp with built-in displays for kids -- as TikTok’s Chinese owner deepens its foray into online education.The company touted its smart lamp with a touch screen, camera and built-in voice assistant that can tutor schoolchildren on their homework. Parents can check in remotely via a mobile app connected to the lamp’s camera. ByteDance’s range of educational products, including the lamp, will be offered under a new brand called Dali -- which means “big force.”“I’m worried that recent fundraising mostly flowed to after-school tutoring,” said ByteDance senior vice president Chen Lin during a livestreamed event in Beijing. “We’ll focus on all scenarios, offering our children a better learning system.”The company will adopt a “Big Education” approach, targeting not only students but also teachers and institutions, Chen added.Known as an “app factory,” ByteDance has regularly churned out mobile offerings from newsreader Toutiao to TikTok’s Chinese cousin Douyin. But the world’s largest startup -- valued at $140 billion by CBInsights -- is struggling to find its next breakout hit amid a U.S. campaign against its biggest international success so far, TikTok. Billionaire founder Zhang Yiming has entrusted his chief lieutenant Chen, who previously headed Toutiao, to make bets in the heated arena of online learning.Chen has previously said ByteDance’s education arm will invest without considering profitability in the next three years. The unit already has more than 10,000 employees, including tutors. The company runs a stable of learning apps for everything from one-on-one English tutoring to classroom-style maths cramming. It’s seeking to tap demand for after-school tutoring from affluent households, competing against incumbents like TAL Education Group, as well as deep-pocketed upstarts like Tencent Holdings Ltd.-backed VIPKid.Hardware could complement ByteDance’s push into online education, creating an Apple Inc.-style ecosystem that locks in users with gadgets as well as content. The Dali smart lamp went on sale on Chinese e-commerce sites in July, but ByteDance has only now revealed that it’s behind the product, which has so far garnered nearly 3,000 buyer comments on JD.com.Louis Yang, a co-founder of Musical.ly -- the app acquired by ByteDance that morphed into TikTok -- is the lamp’s product head.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
It's been a sad week for TAL Education Group (NYSE:TAL), who've watched their investment drop 10% to US$70.31 in the...
Shares of TAL Education (NYSE:TAL) decreased 3% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share rose 300.00% year over year to $0.08, which missed the estimate of $0.12.Revenue of $1,103,000,000 higher by 17.76% from the same period last year, which missed the estimate of $1,130,000,000.Outlook TAL Education hasn't issued any earnings guidance for the time being.TAL Education hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Oct 22, 2020View more earnings on TALTime: 08:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/x5csxmnuRecent Stock Performance Company's 52-week high was at $83.6752-week low: $36.12Price action over last quarter: down 7.82%Company Profile Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth-quarter fiscal 2020, TAL's small classes account for 68% of its revenue, one-on-one 8%, and Xueersi.com 24%. Its tutoring services cover the core academic subjects in China's school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL's learning centers currently cover 70-plus cities in China and a total of 871 learning centers. In fourth-quarter fiscal 2020, current normal priced long-term course student enrolment was 4.65 million.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For October 22, 2020 * Understanding TAL Education's Unusual Options Activity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.