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Heroes in Pink: Celebrating the Legacy, Future of Midwifery in Laos

Heroes in Pink: Celebrating the Legacy, Future of Midwifery in LaosHeroes in Pink: Celebrating the Legacy, Future of Midwifery in Laos
Midwife providing maternal care in rural area in Laos (photo credit: UNFPA)

Dubbed the “heroes in pink,” Souksavanh Paserthsak has witnessed first-hand how midwives have evolved to save lives and support rights in Laos.

In World Premiere, Orange Jordan to Deploy prpl-based Broadband Solution with SoftAtHome

PARIS and AMMAN, Jordan, Jan. 23, 2025 /PRNewswire/ — SoftAtHome and Orange Jordan announced the imminent deployment of the world’s first fully prpl-based broadband solution with a home gateway and Wi-Fi repeater powered by prplWare and complementary SoftAtHome products. 

In World Premiere Orange Jordan to Deploy prpl based Wire
In World Premiere Orange Jordan to Deploy prpl based Wire

The new home gateway and Wi-Fi repeater are powered by prplWare, which includes the prplOS and prplMesh. 

prpl extends the Orange device’s shelf life and brings operators greater independence from hardware constraints to deliver new and innovative services. Through this project SoftAtHome enabled five critical advantages promoted by the prpl Foundation including higher velocity by de-complexifying Gateway stack integration onto multiple platforms, a focus on service-driven innovation, enabling proprietary differentiation from a 3rd-party services ecosystem, API harmonization through collaboration & convergence to help scale up businesses, open source to improve testing and avoid duplication and wasted efforts, and cultivating a community. 

Orange Jordan’s new gateway offers fiber connectivity and delivers the advantages of Wi-Fi6E. For this project, prplWare was extended with several critical operator features such as VoIP, Wi-Fi repeater, API migration all the while keeping compatibility with the existing infrastructure, etc.

prplMesh already brings Wi-Fi management capabilities and hardware abstraction. SoftAtHome added smart Wi-Fi algorithms, such as Wi-Fi repeater management, packet prioritization, intelligent channel selection, remote device management, and enhanced security features with the Wifi’ON Product running on top of prplWare. 

Orange Jordan commented on this agreement saying: “At the outset of this project, we were looking for a software solution that leveraged our installed base of devices while simultaneously preparing an exciting future of services for our broadband subscribers. SoftAtHome exceeded our expectations with this prpl-based advanced solution and their extensive expertise.” 

Orange Group said, “Orange Jordan is the first within the Orange Group to deploy a prpl-based home gateway solution, which is the result of Orange Group’s investment in prpl open-source solutions. The whole operator community will benefit from access to new home gateway-based services.” 

Arnaud Bellivier de Prin, CEO at SoftAtHome, said, “I am proud that our teams have delivered the world’s first prpl-based solution deployed simultaneously on the home gateway and Wi-Fi repeaters and grateful to Orange Jordan for their continued trust in SoftAtHome and for paving the prpl way for our club of operators”

About SoftAtHome

SoftAtHome is an independent software provider with seven critical solutions: broadband (Connect’ON), Wi-Fi (Wifi’ON), security (Secure’ON), smart home (Things’ON), video (Watch’ON), analytics and QoE monitoring (Eyes’ON), and a new gateway Appstore environment (Orchestr’ON). With its products deployed in over 30 million home networks and millions of mobile devices, SoftAtHome helps telecom and network operators deliver enhanced digital home experiences. The company’s 300+ employees, mainly software engineers, are committed to innovation and actively contribute to open-source communities like prpl. SoftAtHome’s hybrid solutions leverage cloud-based components and software embedded in multiple mobile and fixed devices. For more information: www.softathome.com or contact@softathome.com

For Press Information Contact:

Marta Twardowska for SoftAtHome
E: press@softathome.com  @SoftAtHome

About Orange Jordan

Orange Jordan is one of the subsidiaries of Orange Global Group, which is present in 26 countries around the world. Orange Jordan operates in line with the Group’s strategy “Lead the Future”, and through its positioning as a Responsible Digital Leader, it supports the national digital transformation vision. Orange Jordan prioritizes community service, and in this context, it implements a comprehensive CSR strategy that revolves around 4 pillars including digital education, digital inclusion, entrepreneurship, climate, and environment.

Orange Jordan, with more than 1600 employees in 301 shops and locations across Jordan, strives to provide the best customer experience through an integrated set of digital solutions including fixed, mobile, internet, data, and Smart Life Solutions to around 4.1 million customers in Jordan.

Orange Jordan’s solutions are comprehensive as they serve businesses in addition to individuals under its sub-brand Orange Business. 

Orange Jordan inspires by its values namely transparency, agility, results-oriented, customer centricity, collaboration, caring, and excellence.

To learn more about us, please visit our website: www.orange.jo.

About Orange

Orange is one of the world’s leading telecommunications operators with revenues worth 39.7 billion euros in 2023 and 128,000 employees worldwide until 30 June 2024, including 72,000 employees in France. The Group has a total of 285 million customers worldwide until 30 June 2024, including 246 million mobile customers and 21 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business. In February 2023, the Group presented its strategic plan “Lead the Future”, built on a new business model and guided by responsibility and efficiency. “Lead the Future” capitalizes on network excellence to reinforce Orange’s leadership in service quality.

Orange is listed on Euronext Paris and on the New York Stock Exchange.

For more information on the internet and on your mobile: www.orange.com, www.orange-business.com and the Orange News app or to follow us on Twitter: @orangegrouppr, and the Orange News app or to follow us on Twitter: @orangegrouppr.

Orange and any other Orange’s product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

 

Vantage Wins “Best in Class” Award for Copy Trading for Fifth Consecutive Year

PORT VILA, Vanuatu, Jan. 23, 2025 /PRNewswire/ — Vantage Markets is proud to announce its recognition in ForexBrokers.com’s 2025 Annual Awards, where it earned the prestigious “Best in Class” distinction for Copy Trading for the fifth consecutive year. This achievement reaffirms Vantage’s position as a leader in delivering exceptional copy trading solutions to its community of traders.

Vantage Wins Best in Class Award for Copy Trading for Fifth Consecutive Year
Vantage Wins Best in Class Award for Copy Trading for Fifth Consecutive Year

ForexBrokers.com, a trusted industry authority for evaluating trading platforms, awarded Vantage an impressive 4 out of 5 stars overall rating, reflecting its commitment to excellence across multiple categories:

  • Commissions & Fees: 4.5/5
  • Mobile Trading Apps: 4/5
  • Platforms & Tools: 4/5
  • Research: 4/5
  • Education: 4/5
  • Trust Score: 90

The recognition highlights Vantage’s dedication to empowering traders with cutting-edge tools, competitive pricing, and robust educational resources. Its high ratings in critical categories demonstrate the platform’s commitment to offering an intuitive, transparent, and efficient trading environment.

Vantage’s award-winning copy trading platform continues to stand out by enabling users to replicate the strategies of experienced traders seamlessly. The platform is designed to make trading more accessible, providing tools that cater to traders of all levels.

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, expressed his pride in the achievement:
“Being recognized as ‘Best in Class’ for Copy Trading by ForexBrokers.com for the fifth consecutive year is a significant milestone for Vantage. This recognition reflects the hard work and dedication of our team in delivering a platform that combines innovation with simplicity, making trading more accessible and effective for all our clients.”

With a Trust Score of 90, Vantage continues to demonstrate its reliability and dedication to fostering a secure and client-focused trading environment. The recognition from ForexBrokers.com serves as a testament to Vantage’s unwavering commitment to setting industry benchmarks in quality and service.

For more information about Vantage’s award-winning services, visit Vantage Markets.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

Laos Launches New Initiative to Preserve, Enhance Traditional Medicine Production

Laos traditional medicine (The blog)

On 20 January, the Institute of Medicine and Traditional Medicine under the Ministry of Health signed a new agreement with the Chanthabouly District Young Businessmen’s Association. The aim of this collaboration is to improve both the quality and quantity of traditional medicine products and to protect the plant species used in their production.

The Great Optimism Divide: Singaporeans’ Bright Future vs. Hong Kong’s Uncertainty

As the Year of the Snake Approaches, the contrasting sentiments reveal deeper economic realities and highlight the paths forward for both cities.

  • Optimism Divide: A striking difference in outlook for 2025 exists between residents of Singapore and Hong Kong. 51% of Singaporeans express optimism about the upcoming year, while only 29% of Hong Kong residents share this sentiment.
  • Confidence in Achievements: 57% of Singaporeans report high confidence in achieving their goals in 2025, contrasting sharply with just 34% of individuals in Hong Kong who feel similarly assured.
  • Happiness Metrics: 55% of Singaporeans feel content in their daily lives compared to 43% of Hong Kong residents. Financial stability, health, and family are recognized as the top contributors to happiness across both regions.
  • Economic Worries: Financial concerns remain a pervasive issue for both populations. Among younger demographics, Gen Z and Millennials in Hong Kong express heightened anxiety over finances, while older generations show different priorities.
  • Health as a Priority: Health emerges as a critical focus for residents in both cities. While financial stability impacts happiness, health consistently ranks as a top priority, highlighting the importance of well-being amid economic challenges.
  • Future Prospects: As the Year of the Snake unfolds, both cities face pivotal opportunities for transformation, with Singaporeans looking to embrace growth while Hong Kong residents must navigate a landscape of uncertainty.

HONG KONG SAR – Media OutReach Newswire – 23 January 2025 – As the Lunar New Year approaches, ushering in the Year of the Snake—a symbol of wisdom and renewal, MDRi has conducted a survey encompassing 1,000 participants from Hong Kong and Singapore to gauge the prevailing sentiments regarding their future and evolving life priorities for the upcoming year: the economic fates of Singapore and Hong Kong seem to diverge dramatically. While Singaporeans anticipate a prosperous 2025, buoyed by optimism and resilience, their counterparts in Hong Kong face a landscape marred by uncertainty and caution.

A Tale of Two Cities

Recent findings from a survey conducted by MDRi reveal a stark contrast in sentiment between the two cities. 51% of Singaporeans express optimism about the upcoming year, in sharp contrast to just 29% of Hong Kong residents. This disparity extends beyond mere feelings; it reflects deeper economic realities.

Singapore’s economy is projected to grow by 2.8% in 2025, buoyed by a robust performance in 2024 and improving external demand. In stark contrast, Hong Kong’s GDP growth is expected to decline to 2%, hindered by high interest rates and ongoing trade tensions, particularly with the United States. The economic slowdown has led many in Hong Kong to question their future, with 25% expressing doubts about achieving their personal goals in the coming year whereas 57% of Singaporean are feeling confident with achieving their personal goals.

Confidence and Happiness

Confidence is a vital currency in both cities, and here too the divide is palpable. 57% of Singaporeans report high confidence in their ability to achieve their goals, compared to only 34% of Hong Kong residents. This sense of agency is reflected in their levels of happiness, with 55% of Singaporeans feeling content in their daily lives, while 43% in Hong Kong report similar feelings.

However, underlying these sentiments are shared concerns—financial worries loom large for both populations. In Hong Kong, these concerns are particularly pronounced among younger demographics, with Gen Z and Millennials facing significant financial pressures in a sluggish economy. In Singapore, while financial stability remains a priority, family and health take center stage in the happiness equation.

The Health Imperative

As both cities grapple with their economic realities, health emerges as a priority for residents. The Year of the Snake, often associated with healing and transformation, may offer a timely reminder of the importance of well-being. Singaporeans tend to focus on family alongside health, while Hong Kong residents are increasingly concerned about financial stability and health issues.

This shared emphasis on health opens avenues for growth in the health sector, a potential silver lining amidst the economic clouds. As populations in both cities age, the demand for health-related services is likely to rise, providing opportunities for innovation and investment.

Navigating the Future

Simon Tye, CEO of MDRi, encapsulates the essence of the current moment: “The survey highlights the divergent trajectories of Hong Kong and Singapore, shedding light on the economic challenges and growth opportunities within the health sector for 2025. Understanding these differences will enable stakeholders to navigate the complexities ahead.

As the Year of the Snake unfolds, Singaporeans may find themselves shedding old doubts for new growth, while Hong Kong residents must tread carefully, mindful of the hidden challenges that lie ahead. In this transformative year, wisdom and insight will be crucial as both cities chart their paths forward.

Notes to editors:

  • The press release result is based on a survey conducted by MDRi during 31st December 2024 – 6th January 2025, measuring the sentiment and happiness level of both markets of Hong Kong and Singapore towards the year 2025.
  • The survey engaged a total of 1,000 participants, with an equal sample size of 500 individuals from each market, to ensure a balanced representation of the demographic distribution within the respective territories.

For further information, interviews, or comments, please contact info@mdr-i.com.

Hashtag: #MDRi

The issuer is solely responsible for the content of this announcement.

About MDRi

Based in Hong Kong and with operations in London and Singapore, MDRi is a leading provider of business insights, empowering organizations with data-driven advice to make informed decisions and drive growth.

Through advanced analytics, industry expertise, and innovative methodologies, MDRi uncovers strategic opportunities, mitigates risks, and helps businesses stay ahead in a rapidly evolving marketplace. With a commitment to excellence and client-centricity, MDRi is revolutionizing the way organizations harness insights for success.

About The Mishcon de Reya Group

The Group is an independent, international professional services business with law at its heart, employing over 1450 people with over 650 lawyers. It includes the law firm Mishcon de Reya LLP and a collection of leading consultancy businesses that complement the firm’s legal services.

Mishcon de Reya LLP is based in London, Oxford, Cambridge, Singapore and Hong Kong (through its association with ). The firm services an international community of clients and provides advice in situations where the constraints of geography often do not apply. Its work is cross-border, multi-jurisdictional and complex, spanning seven core practice areas: ; ; ; ; ; ; and .

The includes consultancy businesses , (in London, Singapore and Dubai), , (in Hong Kong) and . The Group also includes , which invests in the most promising early stage legaltech companies as well as the Mishcon Academy, its in-house place of learning and platform for thought leadership.

Earlier this year, the Group announced its first strategic acquisition in the alternative legal services market, flexible legal resourcing business Flex Legal. It also acquired a majority stake in Somos, a global group actions management business.

CHINAPLAS Focuses on Green, Smart, and High-Tech Solutions for a Sustainable Future of the Plastics and Rubber Industries


SHENZHEN, CHINA – Media OutReach Newswire – 23 January 2025 – China remains crucial in global economic growth, with a steadily expanding Purchasing Managers’ Index (PMI) and confidence in meeting growth targets, solidifying its position as a powerhouse in the global economy. In November 2024, the PMI of China’s manufacturing industry reached 50.3%, an increase for three consecutive months, indicating an accelerating pace in the expansion of the manufacturing industry, according to the National Bureau of Statistics of China. Building upon this momentum, CHINAPLAS 2025, themed “Transformation * Collaboration * Sustainability,” will take place at Shenzhen World Exhibition & Convention Center, PR China, on April 15-18, 2025. Expanding from its 2023 edition in Shenzhen, CHINAPLAS 2025 will host over 4,000 international exhibitors, with 380,000 sqm of space across all 19 halls, showcasing the latest innovations in plastics and rubber solutions. Together with 9 country/region pavilions, CHINAPLAS 2025 will facilitate collaboration along the upstream and downstream industry chains, leading the way with green, smart and high-tech solutions to drive high-quality industrial growth.

Pre-register Now

Green: Innovating for Circular Economy

Sustainability and environmental awareness have become global industry trends. By emphasizing the reuse of resources to minimize waste and stimulate economic growth, the exhibition will demonstrate a clear dedication to addressing environmental challenges. This focus aligns seamlessly with China’s progressive policies promoting sustainability and recycling initiatives, reflecting the industry’s proactive stance towards a more sustainable future. Suppliers in the plastics and rubber industries are consistently unveiling biodegradable materials, recycling, and sustainable solutions as they actively propel efforts toward a circular economy.

CHINAPLAS 2025 will feature three thematic zones, namely Recycled Plastics, Bioplastics, and Recycling Technology, covering around 16,000 sqm and gathering leading material suppliers and recycling machine manufacturers, including Veolia, Faurecia, ALBA, Esun, NatureWorks, Erema, Starlinger, NGR, Zerma, Sorema, Sesotec, Avian, Tomra, Jwell, etc. which will present their sustainable technologies and solutions, supporting the industry’s goals for environmentally friendly development. Live demonstrations of two recycling production lines, focusing on ‘Bottle-to-Bottle Closed-Loop Recycling’ and ‘Turning PE Waste into Treasure,’ will unveil advanced equipment technology and high-value utilization solutions within the plastic recycling sector. The sports and leisure industry, a promising market for plastics and rubber applications, will also be highlighted at CHINAPLAS with the “SportsTech Chic + Green” event, collaborating with renowned sports brands to showcase the innovation and sustainability of plastics and rubber in sports products. CHINAPLAS x CPRJ will host the 6th Edition Plastics Recycling & Circular Economy Conference & Showcase in Shenzhen, gathering global stakeholders to delve into the latest recycling trends. Collaborating with the China Packaging Federation, CHINAPLAS will first introduce the Sustainable Plastics Packaging Networking Forum, connecting industry experts and exploring sustainable packaging solutions worldwide.

Smart: Evolving digitally in Manufacturing

Smart Manufacturing, encompassing technologies like automation, artificial intelligence and IoT integration, enhances manufacturing processes and revolutionizes industries by boosting efficiency, productivity, and flexibility. Through tools like predictive maintenance, real-time monitoring, and automated quality control, production output and quality is improved that eventually fosters sustainability efforts in the plastics and rubber industries.

At CHINAPLAS 2025, an extensive range of smart manufacturing solutions and machinery will be unveiled in the Injection Molding Solutions Zone and Injection Molding and Smart Manufacturing Solutions Zone, covering a substantial 53,000 sqm. Leading global companies like Arburg, Kraussmaffei, Wittmann, Fanuc, JSW, Siemens, Kawata, Matsui, Keba, Beckhoff, Gimatic, Star Seiki, Hong Kong Plastic Machinery Association Pavilion, etc. will demonstrate digitalization, ensuring sustainable growth and competitive advantages in a rapidly evolving digital landscape.

China’s High Tech: Empowering the Global Plastics and Rubber Markets

China remains in the spotlight for cutting-edge advancements and industry collaborations. Within the plastics and rubber industries, China’s high technology stands as a cornerstone for innovation and progress. China’s strides in cutting-edge fields like artificial intelligence, robotics, and intelligent manufacturing solutions are actively reshaping the industry’s direction, driving sustainable growth and fostering a culture of continuous advancement. These breakthroughs underscore China’s commitment to pushing the boundaries of what’s possible in the plastics and rubber industries, setting new standards for efficiency, quality, and technological sophistication.

CHINAPLAS 2025 will shine a spotlight on a diverse selection of cutting-edge materials and machinery technologies. These include carbon fiber composites tailored for the low-altitude economy, photovoltaic films, high-performance films, food-grade rPET, UV-resistant functional fabrics, lightweight and electrification solutions, and digitalized smart manufacturing solutions. This year, the exhibition will gather 900 registered exhibitors which are recognized as “Professionalization, Refinement, Specialization and Innovation (PRSI)”. It aims to support the innovation of niche companies and advance the initiatives of the Government of the People’s Republic of China.

Click HERE to pre-register for CHINAPLAS 2025 now for an admission ticket at RMB 50 or USD 7.5. For more information about the show, please click HERE.
Hashtag: #CHINAPLAS

The issuer is solely responsible for the content of this announcement.

Clubpets Hosts Singapore Cat Carnival 2025 On 22 & 23 February


SINGAPORE – Media OutReach Newswire – 23 January 2025 – The Singapore Cat Carnival 2025, the first cat-exclusive event at Marina Bay Sands, is set to captivate feline enthusiasts on 22 and 23 February 2025 at Marina Bay Sands Expo & Convention Centre, Level 1, Hall C. Running from 10 AM to 8 PM, the event aims to bring together cat owners, breeders, and enthusiasts to celebrate all aspects of feline care, welfare, and appreciation through a lineup of activities, workshops, and informative sessions.

Organised by Clubpets, one of the event’s standout highlights is the ISFC International Cat Grooming Certification and Competition, the biggest cat grooming competition in Singapore, attracting international participants from Taiwan, Malaysia, Thailand, Indonesia, and Myanmar. Organised by the International Society of Feline Cosmetologists (ISFC), this global competition showcases the talent of grooming professionals while promoting international standards in feline grooming education. Originating from the United States, the ISFC is renowned for raising grooming standards worldwide and fostering a global network of skilled cat groomers. At the carnival, participants and spectators alike will witness incredible grooming artistry as professionals demonstrate their expertise live. The Singapore Cat Carnival will serve as a stage for showcasing this talent, with international students and grooming professionals gathering in Singapore for this event.

Another key highlight is the Breeds of The World Showcase presented by Feline Club Singapore, where visitors can observe and interact with popular cat breeds like the Maine Coon, British Shorthair, and Siberian in immersive rooms. The showcase also provides a breed talk throughout the two days, where there would be educational perspectives on the origins, characteristics, and care requirements of each breed, offering insights for potential cat owners and enthusiasts interested in breed-specific traits. Expert handlers will be present on-site to answer questions, ensuring visitors leave with a better understanding of feline diversity and the importance of responsible cat ownership.

To further engage attendees, the carnival offers hands-on workshops and talks, covering essential topics like cat care, nutrition, and healthcare, alongside interactive play sessions where visitors can book time slots to interact and play with the cats. Additionally, attendees can book slots for free skin and coat consultations and basic grooming services, including nail trimming, ear cleaning, and paw pad shaving, ensuring an engaging and educational experience for all.

The event will also host a series of interactive contests, including the Best Dressed Cat, Cutest Cat, and Most Talented Cat competitions. These activities aim to foster a fun and inclusive atmosphere while celebrating the creativity and bond between cats and their owners.

The carnival seeks to foster a sense of community among cat lovers while raising awareness about responsible pet ownership. With a mission to promote cat welfare, the event provides a platform to learn about ethical breeding practices, professional grooming, and the importance of adopting shelter animals.

Since its inception in 2002, Clubpets has been a premier pets magazine platform and a trusted name in connecting pet enthusiasts and professionals in Singapore. With a strong focus on education and community, the Singapore Cat Carnival 2025 continues this legacy by creating an unforgettable experience for all attendees.

For more information on the Singapore Cat Carnival 2025, please visit https://sgcatcarnival.com/.
Hashtag: #Clubpets #SingaporeCatCarnival2025



The issuer is solely responsible for the content of this announcement.

TAL Education Group Announces Unaudited Financial Results for the Third Fiscal Quarter Ended November 30, 2024

BEIJING, Jan. 23, 2025 /PRNewswire/ — TAL Education Group (NYSE: TAL) (“TAL” or the “Company”), a smart learning solutions provider in China, today announced its unaudited financial results for the third quarter of fiscal year 2025 ended November 30, 2024.

Highlights for the Third Quarter of Fiscal Year 2025

  • Net revenues were US$606.4 million, compared to net revenues of US$373.5 million in the same period of the prior year.
  • Loss from operations was US$17.4 million, compared to loss from operations of US$32.2 million in the same period of the prior year.
  • Non-GAAP loss from operations, which excluded share-based compensation expenses, was US$1.9 million, compared to non-GAAP loss from operations of US$10.2 million in the same period of the prior year.
  • Net income attributable to TAL was US$23.1 million, compared to net loss attributable to TAL of US$23.9 million in the same period of the prior year.
  • Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$38.6 million, compared to non-GAAP net loss attributable to TAL of US$1.9 million in the same period of the prior year.
  • Basic and diluted net income per American Depositary Share (“ADS”) were both US$0.04. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.06. Three ADSs represent one Class A common share.
  • Cash, cash equivalents and short-term investments totaled US$3,835.8 million as of November 30, 2024, compared to US$3,303.3 million as of February 29, 2024.

Highlights for the Nine Months Ended November 30, 2024

  • Net revenues were US$1,640.0 million, compared to net revenues of US$1,060.9 million in the same period of the prior year.
  • Income from operations was US$12.9 million, compared to loss from operations of US$58.2 million in the same period of the prior year.
  • Non-GAAP income from operations, which excluded share-based compensation expenses, was US$63.5 million, compared to non-GAAP income from operations of US$10.2 million in the same period of the prior year.
  • Net income attributable to TAL was US$91.9 million, compared to net loss attributable to TAL of US$31.1 million in the same period of the prior year.
  • Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$142.5 million, compared to non-GAAP net income attributable to TAL of US$37.3 million in the same period of the prior year.
  • Basic and diluted net income per ADS were both US$0.15. Non-GAAP basic net income per ADS, which excluded share-based compensation expenses, was US$0.24, and Non-GAAP diluted net income per ADS, which excluded share-based compensation expenses, was US$0.23.

Financial Data——Third Quarter and First Nine Months of Fiscal Year 2025
(In US$ thousands, except per ADS data and percentages)

Three Months Ended

November 30,

2023

2024

Pct. Change

Net revenues

373,506

606,446

62.4 %

Loss from operations

(32,185)

(17,432)

(45.8 %)

Non-GAAP loss from operations

(10,184)

(1,920)

(81.1 %)

Net (loss)/income attributable to TAL

(23,946)

23,069

(196.3 %)

Non-GAAP net (loss)/income attributable to TAL

(1,945)

38,581

(2,083.6 %)

Net (loss)/income per ADS attributable to TAL –
basic

(0.04)

0.04

(195.5 %)

Net (loss)/income per ADS attributable to TAL –
diluted

(0.04)

0.04

(194.1 %)

Non-GAAP net (loss)/income per ADS attributable
to TAL – basic

(0.00)

0.06

(2,066.2 %)

Non-GAAP net (loss)/income per ADS attributable
to TAL – diluted

(0.00)

0.06

(2,037.0 %)

Nine Months Ended

November 30,

2023

2024

Pct. Change

Net revenues

1,060,877

1,639,994

54.6 %

(Loss)/income from operations

(58,168)

12,860

(122.1 %)

Non-GAAP income from operations

10,229

63,476

520.5 %

Net (loss)/income attributable to TAL

(31,081)

91,902

(395.7 %)

Non-GAAP net income attributable to TAL

37,316

142,518

281.9 %

Net (loss)/income per ADS attributable to TAL –
basic

(0.05)

0.15

(399.0 %)

Net (loss)/income per ADS attributable to TAL –
diluted

(0.05)

0.15

(394.1 %)

Non-GAAP net income per ADS attributable to
TAL – basic

0.06

0.24

286.2 %

Non-GAAP net income per ADS attributable to
TAL – diluted

0.06

0.23

286.3 %

“We achieved healthy year-on-year revenue growth this quarter. Our AI learning devices remained one of our faster-growing business lines and received encouraging user feedback and market recognition,” said Alex Peng, TAL’s President & Chief Financial Officer.

“We will continue to enhance our products’ capabilities and adaptability across learning services and content solutions. As always, we are committed to helping more users discover learning solutions that meet their unique needs while also contributing positively to society.”

Financial Results for the Third Quarter of Fiscal Year 2025

Net Revenues

In the third quarter of fiscal year 2025, TAL reported net revenues of US$606.4 million, representing a 62.4% increase from US$373.5 million in the third quarter of fiscal year 2024.

Operating Costs and Expenses

In the third quarter of fiscal year 2025, operating costs and expenses were US$624.7 million, representing a 53.9% increase from US$405.8 million in the third quarter of fiscal year 2024. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$609.2 million, representing a 58.7% increase from US$383.8 million in the third quarter of fiscal year 2024.

Cost of revenues increased by 65.5% to US$286.7 million from US$173.2 million in the third quarter of fiscal year 2024. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 67.2% to US$285.4 million, from US$170.7 million in the third quarter of fiscal year 2024.

Selling and marketing expenses increased by 85.6% to US$226.4 million from US$122.0 million in the third quarter of fiscal year 2024. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 91.0% to US$222.4 million, from US$116.4 million in the third quarter of fiscal year 2024.

General and administrative expenses increased by 0.8% to US$111.5 million from US$110.7 million in the third quarter of fiscal year 2024. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 4.8% to US$101.4 million, from US$96.7 million in the third quarter of fiscal year 2024.

Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 29.5% to US$15.5 million in the third quarter of fiscal year 2025 from US$22.0 million in the same period of fiscal year 2024.

Gross Profit

Gross profit increased by 59.6% to US$319.8 million from US$200.3 million in the third quarter of fiscal year 2024.

(Loss)/Income from Operations

Loss from operations was US$17.4 million in the third quarter of fiscal year 2025, compared to loss from operations of US$32.2 million in the third quarter of fiscal year 2024. Non-GAAP loss from operations, which excluded share-based compensation expenses, was US$1.9 million, compared to Non-GAAP loss from operations of US$10.2 million in the same period of the prior year.

Other Income, Net

Other income was US$18.2 million for the third quarter of fiscal year 2025, compared to other income of US$13.3 million in the third quarter of fiscal year 2024.

Impairment Loss on Long-term Investments

Impairment loss on long-term investments was nil for the third quarter of fiscal year 2025, compared to US$2.3 million for the third quarter of fiscal year 2024.

Income Tax (Expense)/Benefit

Income tax benefit was US$3.6 million in the third quarter of fiscal year 2025, compared to US$15.4 million of income tax expense in the third quarter of fiscal year 2024.

Net (Loss)/Income attributable to TAL Education Group

Net income attributable to TAL was US$23.1 million in the third quarter of fiscal year 2025, compared to net loss attributable to TAL of US$23.9 million in the third quarter of fiscal year 2024. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$38.6 million, compared to Non-GAAP net loss attributable to TAL of US$1.9 million in the third quarter of fiscal year 2024.

Basic and Diluted Net (Loss)/Income per ADS

Basic and diluted net income per ADS were both US$0.04 in the third quarter of fiscal year 2025. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.06 in the third quarter of fiscal year 2025.

Cash Flow

Net cash provided by operating activities for the third quarter of fiscal year 2025 was US$378.0 million.

Cash, Cash Equivalents, and Short-Term Investments

As of November 30, 2024, the Company had US$2,240.8 million of cash and cash equivalents and US$1,595.0 million of short-term investments, compared to US$2,208.7 million of cash and cash equivalents and US$1,094.6 million of short-term investments as of February 29, 2024.

Deferred Revenue

As of November 30, 2024, the Company’s deferred revenue balance was US$825.6 million, compared to US$428.3 million as of February 29, 2024.

Financial Results for the First Nine Months of Fiscal Year 2025

Net Revenues

For the first nine months of fiscal year 2025, TAL reported net revenues of US$1,640.0 million, representing a 54.6% increase from US$1,060.9 million in the first nine months of fiscal year 2024.

Operating Costs and Expenses

In the first nine months of fiscal year 2025, operating costs and expenses were US$1,628.8 million, representing a 44.1% increase from US$1,130.7 million in the first nine months of fiscal year 2024. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$1,578.2 million, representing a 48.6% increase from US$1,062.3 million in the first nine months of fiscal year 2024.

Cost of revenues increased by 57.1% to US$757.3 million from US$482.1 million in the first nine months of fiscal year 2024. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 58.3% to US$751.9 million from US$475.1 million in the first nine months of fiscal year 2024.

Selling and marketing expenses increased by 58.0% to US$530.8 million from US$335.9 million in the first nine months of fiscal year 2024. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 63.6% to US$518.4 million from US$316.8 million in the first nine months of fiscal year 2024.

General and administrative expenses increased by 9.0% to US$340.7 million from US$312.7 million in the first nine months of fiscal year 2024. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 13.9% to US$307.9 million from US$270.4 million in the first nine months of fiscal year 2024.

Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 26.0% to US$50.6 million in the first nine months of fiscal year 2025 from US$68.4 million in the same period of fiscal year 2024.

Gross Profit

Gross profit increased by 52.5% to US$882.7 million from US$578.8 million in the first nine months of fiscal year 2024.

(Loss)/Income from Operations

Income from operations was US$12.9 million in the first nine months of fiscal year 2025, compared to loss from operations of US$58.2 million in the same period of the prior year. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$63.5 million, compared to US$10.2 million Non-GAAP income from operations in the same period of the prior year.

Other Income, Net

Other income was US$51.8 million for the first nine months of fiscal year 2025, compared to other income of US$11.5 million in the same period of the prior year.

Impairment Loss on Long-term Investments

Impairment loss on long-term investments was US$8.7 million for the first nine months of fiscal year 2025, compared to US$33.0 million for the first nine months of fiscal year 2024.

Income Tax (Expense)/Benefit

Income tax expense was US$24.3 million in the first nine months of fiscal year 2025, compared to US$8.9 million of income tax expense in the first nine months of fiscal year 2024.

Net (Loss)/Income Attributable to TAL Education Group

Net income attributable to TAL was US$91.9 million in the first nine months of fiscal year 2025, compared to net loss attributable to TAL of US$31.1 million in the first nine months of fiscal year 2024. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$142.5 million, compared to US$37.3 million Non-GAAP net income attributable to TAL in the same period of the prior year.

Cash Flow

Net cash provided by operating activities for the first nine months of fiscal year 2025 was US$624.3 million.

Basic and Diluted Net (Loss)/Income per ADS

Basic and diluted net income per ADS were both US$0.15 in the first nine months of fiscal year 2025. Non-GAAP basic net income per ADS, which excluded share-based compensation expenses, was US$0.24, and Non-GAAP diluted net income per ADS, which excluded share-based compensation expenses, was US$0.23 in the first nine months of fiscal year 2025.

Conference Call

The Company will host a conference call and live webcast to discuss its financial results for the third fiscal quarter of fiscal year 2025 ended November 30, 2024 at 7:00 a.m. Eastern Time on January 23, 2025 (8:00 p.m. Beijing time on January 23, 2025).

Please note that you will need to pre-register for conference call participation at https://register.vevent.com/register/BI252a8b58f53a47cebdf55358dda997b1.

Upon registration, you will receive an email containing participant dial-in numbers and unique Direct Event Passcode. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

A live and archived webcast of the conference call will be available on the Investor Relations section of TAL’s website at https://ir.100tal.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, TAL Education Group’s strategic and operational plans contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to continue to provide competitive learning services and products; the Company’s ability to continue to recruit, train and retain talents; the Company’s ability to improve the content of current course offerings and develop new courses; the Company’s ability to maintain and enhance its brand; the Company’s ability to maintain and continue to improve its teaching results; and the Company’s ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company’s reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

About TAL Education Group

TAL Education Group is a smart learning solutions provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life”, which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol “TAL”.

About Non-GAAP Financial Measures

In evaluating its business, TAL considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP operating costs and expenses, non-GAAP cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to TAL, non-GAAP basic and non-GAAP diluted net income/(loss) per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” set forth at the end of this release.

TAL believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses that may not be indicative of its operating performance from a cash perspective. TAL believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to TAL’s historical performance and liquidity. TAL computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. TAL believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be for the foreseeable future a significant recurring expense in the Company’s business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

For further information, please contact:

Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.com

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

As of

February 29,
2024

As of

November 30,
2024

ASSETS

Current assets

  Cash and cash equivalents

$ 2,208,756

$ 2,240,827

  Restricted cash-current

167,656

306,549

  Short-term investments

1,094,593

1,595,027

  Inventory

68,328

98,021

  Amounts due from related parties-current

343

387

  Prepaid expenses and other current assets

159,498

207,943

Total current assets

3,699,174

4,448,754

  Restricted cash-non-current

81,064

41,078

  Property and equipment, net

405,319

460,566

  Deferred tax assets

4,620

5,165

  Rental deposits

16,947

20,669

  Intangible assets, net

1,988

964

  Land use right, net

189,049

184,937

   Amounts due from related parties-non-current

59

59

   Long-term investments

284,266

276,254

   Long-term prepayments and other non-current assets

14,359

28,055

   Operating lease right-of-use assets

231,104

322,563

Total assets

$ 4,927,949

$ 5,789,064

LIABILITIES AND EQUITY

 Current liabilities

 Accounts payable

$ 127,321

$ 189,271

 Deferred revenue-current

400,286

780,909

 Amounts due to related parties-current

96

107

 Accrued expenses and other current liabilities

491,911

625,274

 Short-term debt

55,231

 Operating lease liabilities, current portion

62,604

82,513

 Total current liabilities

1,082,218

1,733,305

 Deferred revenue-non-current

27,993

44,710

 Deferred tax liabilities

2,360

4,040

 Operating lease liabilities, non-current portion

176,614

243,346

Total liabilities

1,289,185

2,025,401

  Equity

  Class A common shares

152

154

  Class B common shares

49

49

  Additional paid-in capital

4,256,957

4,280,212

  Statutory reserve

165,138

164,370

  Accumulated deficit

(694,270)

(601,600)

  Accumulated other comprehensive loss 

(65,928)

(70,493)

 Total TAL Education Group’s equity

3,662,098

3,772,692

  Noncontrolling interests

(23,334)

(9,029)

Total equity

3,638,764

3,763,663

Total liabilities and equity

$ 4,927,949

$ 5,789,064

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except share, ADS, per share and per ADS data) 

For the Three Months Ended
November 30,

For the Nine Months Ended

November 30,

2023

2024

2023

2024

Net revenues

$ 373,506

$ 606,446

$ 1,060,877

$ 1,639,994

Cost of revenues (note 1)

173,180

286,689

482,075

757,329

Gross profit

200,326

319,757

578,802

882,665

Operating expenses (note 1)

  Selling and marketing

121,977

226,441

335,902

530,769

  General and administrative

110,678

111,537

312,707

340,718

Total operating expenses

232,655

337,978

648,609

871,487

  Government subsidies

144

789

11,639

1,682

(Loss)/income from operations

(32,185)

(17,432)

(58,168)

12,860

Interest income, net

20,076

21,491

64,033

64,410

Other income, net

13,324

18,150

11,511

51,767

Impairment loss on long-term
investments

(2,270)

(33,031)

(8,692)

(Loss)/income before income tax
(expense)/benefit and loss from
equity method investments

(1,055)

22,209

(15,655)

120,345

Income tax (expense)/benefit

(15,374)

3,582

(8,875)

(24,348)

Loss from equity method
investments

(7,644)

(2,765)

(6,936)

(4,337)

Net (loss)/income

(24,073)

23,026

(31,466)

91,660

Add: Net loss attributable to
noncontrolling interests

127

43

385

242

Total net (loss)/income 

  attributable to TAL
Education Group

$ (23,946)

$ 23,069

$ (31,081)

$ 91,902

Net (loss)/income per common
share

  Basic

$ (0.12)

$ 0.11

$ (0.15)

$ 0.46

  Diluted

(0.12)

0.11

(0.15)

0.45

Net (loss)/income per ADS (note
2)

Basic

$ (0.04)

$ 0.04

$ (0.05)

$ 0.15

Diluted

(0.04)

0.04

(0.05)

0.15

Weighted average shares used in
calculating net (loss)/income
per common share

Basic

200,134,875

201,905,486

204,020,823

201,746,602

Diluted

200,134,875

204,949,612

204,020,823

205,093,389

 Note1: Share-based compensation expenses are included in the operating costs and expenses as follows:

For the Three Months

For the Nine Months

Ended November 30,

Ended November 30,

2023

2024

2023

2024

Cost of revenues

$ 2,499

$ 1,271

$ 6,989

$ 5,426

Selling and marketing expenses

5,558

4,082

19,120

12,410

General and administrative expenses

13,944

10,159

42,288

32,780

Total

$ 22,001

$ 15,512

$ 68,397

$ 50,616

Note 2: Three ADSs represent one Class A common Share.

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

COMPREHENSIVE (LOSS)/INCOME

(In thousands of U.S. dollars)

For the Three Months Ended

November 30,

For the Nine Months Ended

November 30,

2023

2024

2023

2024

Net (loss)/income

$ (24,073)

$ 23,026

$ (31,466)

$ 91,660

Other comprehensive income/
(loss), net of tax

18,356

(21,512)

(26,239)

(4,348)

Comprehensive (loss)/income

(5,717)

1,514

(57,705)

87,312

Add: Comprehensive
loss/(income) attributable to
noncontrolling interests

557

(2,308)

(356)

25

Comprehensive (loss)/income
attributable to TAL
Education Group

$ (5,160)

$ (794)

$ (58,061)

$ 87,337

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

CASH FLOWS

(In thousands of U.S. dollars)

For the Three Months Ended

November 30,

For the Nine Months Ended

November 30,

2023

2024

2023

2024

Net cash provided by operating
activities

$ 247,123

$ 378,038

$ 329,918

$ 624,255

Net cash (used in)/provided by
investing activities

(208,847)

(214,435)

133,955

(532,739)

Net cash provided by/(used in)
financing activities

207

48,731

(233,301)

41,937

Effect of exchange rate
changes

6,805

(4,834)

(3,111)

(2,475)

Net increase in cash, cash
equivalents and restricted
cash

45,288

207,500

227,461

130,978

Cash, cash equivalents and
restricted cash at the
beginning of period

2,477,080

2,380,954

2,294,907

2,457,476

Cash, cash equivalents and
restricted cash at the end
of period

$ 2,522,368

$ 2,588,454

$ 2,522,368

$ 2,588,454

TAL EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)

For the Three Months

Ended November 30,

For the Nine Months
Ended November 30,

2023

2024

2023

2024

Cost of revenues

$ 173,180

$ 286,689

$ 482,075

$ 757,329

Share-based compensation expense in
cost of revenues

2,499

1,271

6,989

5,426

Non-GAAP cost of revenues

170,681

285,418

475,086

751,903

Selling and marketing expenses

121,977

226,441

335,902

530,769

Share-based compensation expense in
selling and marketing expenses

5,558

4,082

19,120

12,410

Non-GAAP selling and marketing
expenses

116,419

222,359

316,782

518,359

General and administrative expenses

110,678

111,537

312,707

340,718

Share-based compensation expense in
general and administrative expenses

13,944

10,159

42,288

32,780

Non-GAAP general and
administrative expenses

96,734

101,378

270,419

307,938

Operating costs and expenses

405,835

624,667

1,130,684

1,628,816

Share-based compensation expense in
operating costs and expenses

22,001

15,512

68,397

50,616

Non-GAAP operating costs and
expenses

383,834

609,155

1,062,287

1,578,200

(Loss)/income from operations

(32,185)

(17,432)

(58,168)

12,860

Share based compensation expenses

22,001

15,512

68,397

50,616

Non-GAAP (loss)/income from
operations

(10,184)

(1,920)

10,229

63,476

Net (loss)/income attributable to
TAL Education Group

(23,946)

23,069

(31,081)

91,902

Share based compensation expenses

22,001

15,512

68,397

50,616

Non-GAAP net (loss)/income
attributable to TAL Education
Group
(note 3)

$ (1,945)

$ 38,581

$ 37,316

$ 142,518

Net (loss)/income per ADS

Basic

$ (0.04)

$ 0.04

$ (0.05)

$ 0.15

Diluted

(0.04)

0.04

(0.05)

0.15

Non-GAAP net (loss)/income per ADS

Basic

$ (0.00)

$ 0.06

$ 0.06

$ 0.24

Diluted

(0.00)

0.06

0.06

0.23

ADSs used in calculating net (loss)/income per ADS

Basic

600,404,625

605,716,458

612,062,469

605,239,806

Diluted

600,404,625

614,848,836

612,062,469

615,280,167

ADSs used in calculating Non-GAAP net (loss)/income per ADS

Basic

600,404,625

605,716,458

612,062,469

605,239,806

Diluted

600,404,625

614,848,836

622,332,267

615,280,167

  Note 3: The tax effect of share-based compensation expenses was immaterial in the third quarter and in the first nine months of fiscal year 2025.