T. H. Data Flash - Chinese TAL Education Group – FY1Q18: High Growth...

Data in this report is extracted from public resources and processed with our proprietary methodology. Significant increase in course offerings and fully registered courses in FY1Q18 - According to our proprietary data for FY1Q18, the number of total courses offered increased 103% Y/Y to 104,598. Along with that, fully registered courses at 60,950 increased 81% Y/Y in FY1Q18 (Figure 1). The fully registered courses as a % of total courses increased to 67% in FY1Q18 from 75% in FY1Q17.