TAL Education Group (NYSE:XRS) is a leading Chinese K-12 tutoring company, operating over 300 learning centers in two dozen cities across China. Shares of TAL rose in the first quarter, driven by growth in student enrollments of more than 50%. We maintain conviction in TAL Education Group as we see its significant opportunity to gain market share in after-school tutoring by expanding existing learning centers, opening new learning centers in existing cities and expanding into new cities while generating strong cash flow.
From the Baron Global Advantage Fund first quarter 2016 commentary.
