TAL Education gets funding from Hillhouse

Company to use $500m proceeds for inorganic moves, business expansion

TAL Education Group, a leading education firm, has got $500 million funding from Chinese investment firm Hillhouse Capital Group, according to people familiar with the matter.

TAL Education, which provides after-school tutoring services in subjects including mathematics and physics, is expected to use the funds to further its inorganic growth moves and for business expansion.