TAL acquires Israeli company

Move part of giant's effort to further innovation, boost globalization

Chinese leading education company TAL Education Group announced on Tuesday it has acquired a 100 percent stake in Israeli company CodeMonkey for an undisclosed amount, marking an important step forward for its globalization efforts.

The takeover will be the first time the Beijing-based firm has fully acquired a foreign company, said Bai Yunfeng, president of TAL, in an exclusive interview with China Daily during this year's Global Education Summit.