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Overview

NetDragon Websoft Holdings Limited (Stock Code: 00777.HK), founded in 1999 and located in Fuzhou, Fujian Province, is a world-leading founder of internet communities. With its economic indicators ranking among the top in the domestic industry, NetDragon is one of the Forbes Global 2000 and honored as the “Key Software Enterprise under the National Planning Arrangement”, the “National Cultural Industry Model Base”, and the “Key Enterprise of National Cultural Export”. In addition, NetDragon has held a spot on the “National Top 30 Cultural Enterprises” for three years in a row and “China’s Top 100 Internet Enterprises” for eleven years in a row, jumping to the 3rd place on Forbes’ “China’s Listed Potential Enterprises Top 100”. NetDragon is also included in the Hang Seng Large-Cap & Mid-Cap Index, Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Connect. With more than5,200 employees worldwide, NetDragon was named the “Outstanding Employer” by Fortune magazine twice.

NetDragon led the industry by building the famous online game portal, 17173.com. As a pioneer of online games, it has developed popular flagship games Conquer Online and Eudemons Online. The company also launched a highly influential mobile service platform, 91 Wireless. In 2013, NetDragon sold 91 Wireless for $1.9 billion to Baidu.

NetDragon is a prominent developer, operator and publisher of online games in China, and also a pioneer succeeding in overseas expansion. Its self-developed games, such as Eudemons Online, Conquer Online, Heroes Evolved, and Vows of Heroes, are released in English, French, Spanish, Arabic and other 11 kinds of languages, covering more than 180 countries. With a persistent focus on enhancing its core competence through self-dependent innovation, NetDragon has developed C3 and S3 game engines independently, becoming one of the very few companies that can develop a whole series of 2D, 2.5D and 3D products, and is cited as a model for public service of online games. NetDragon was constantly awarded the “Overseas Expansion Award for National Games”, “Top 10 Chinese Game Developers”, “Top 10 Chinese Game Operators”, “Top 10 Chinese Marketing Companies” and “Golden Plume Award” by the State Administration of Press, Publication, Radio, Film and Television, and was selected to the “Key Enterprises of National Cultural Export” by the Ministry of Commerce. In 2023, NetDragon was among the “2022-2023 Most Socially-Responsible Corporation in Game Industry in China”.

As a leader in digital education in China, NetDragon has grown into an important driving force for the development and innovation of education after a decade’s efforts. Its education service system was built with hardware, software, platform and resources based on the market segments that cover pre-primary education, basic education, higher education, vocational education, enterprise training, non-degree and life-long education. It is dedicated to building a global lifelong learning community.

NetDragon is deepening the combination of education with cutting-edge technologies such as VR, AR, AI, 3D, and Big Data. Relying on the technology and knowledge accumulated in the online game and mobile industry, NetDragon has a remarkable record in developing digital education tools and solutions: Its 101 Pad is a student tablet exclusive to K-12 education; 101 Education PPT is a professional software for teachers to plan and teach lessons; VR Mysticraft is an educational DIY VR editor that offers a large number of 3D materials; 101 Smart Classroom is a comprehensive solution for intelligent teaching and learning that covers the three-stage process of before-class, during-class and after-class; 101 VR Immersion Classroom is a highly open, interactive and immersive education solution integrated with VR technology; Pop-up Space, which can be easily transported and assembled, improves the education resources in developing countries; the Virtual Experiment Teaching Service System for NCET (National Center for Educational Technology) is a tool that can demonstrate experimental phenomena and processes vividly; the EDA platform is an innovative public platform of smart education that aggregates massive digital education resources. In 2018, NetDragon launched “AI Assistant for 101 Education PPT”, which was the first “AI + Education” product, showcasing an intelligent classroom hosted by one teacher and numerous “teaching assistants”. In 2019, NetDragon pioneered in “5G+ Education” and created the future classroom through a combination of 5G and holographic technology. In 2020, NetDragon provided distance teaching support for teachers and students around the world, pushing education forward despite the COVID-19 pandemic. In 2022, NetDragon and UNESCO IITE joined hands to develop an E-Library for Teachers, aiming to support the capacity building of teachers. In addition, NetDragon partners with a number of world-renowned educational institutions, publishers and universities to integrate tons of excellent educational resources worldwide.

NetDragon always stands at the forefront of technology. Entrusted by the Government of Fujian Province with the construction of China (Fujian) VR Industrial Base in 2016, NetDragon took an early lead in the VR market and became the industry standard. This world-oriented project covers software development, hardware production, content resources sharing, talent training, app experience, and all other businesses related to the VR industry. In the same year, NetDragon acquired Cherrypicks Alpha and then entered into a partnership with ARHT Media, which provided a solid basis for NetDragon to seize a significant portion of the VR/AR market. In recent years, NetDragon has been accelerating a global layout of education strategies. In 2015, NetDragon acquired Suzhou Chivox, a Chinese leading intelligent voice technology provider, which uniquely enriched its education products in the fields of speech assessment, automatic speech recognition (ASR) and language teaching. In the same year, NetDragon completed the acquisition of Promethean, a global educational giant, and successfully integrated Promethean’s educational software technologies and hardware products into NetDragon’s “101 Smart Classroom”, occupying an important place in the global field of K-12 classroom interactive display devices. In 2017, the acquisition of JumpStart, a provider of educational products, further expanded NetDragon’s online communities. In 2018, NetDragon acquired Edmodo, a global learning community with over 150 million registered users and recommended by UNESCO, and the designated K-12 online learning platform in Egypt and Ghana. NetDragon also announced its strategic investment in big data smart education platform Eiduo to further reinforce its education business. Through a series of strategic investment in education, NetDragon has delivered its educational services to more than 2 million classrooms and 150 million users in 192 countries and regions worldwide, making a global K-12 educational community network and ecosystem.

Relying on the international digital education town in coastal city Fuzhou, NetDragon established a global content production center for digital education. With close ties to the grand blueprint of "Digital China," the town will focus on “Digital Education” and “Global Innovation”, and drive innovation and intelligent upgrades through leading enterprises. By means of bringing together professional talents and promoting digital education industrial clusters, we will create a new engine for digital economic development and present global digital education solutions.

NetDragon always adheres to the guiding influence of core socialist values in its enterprise culture, constantly creating social benefits. As one of the initiators of the anti-addiction system in China, NetDragon takes an active part in the development and spread of the system in online games. It advocates civilized internet and the idea of healthy entertainment, and actively engages in the construction of the self-examination system proposed by the Ministry of Culture. Focusing on school children of different ages, NetDragon disseminates traditional moral culture to the wider society.

NetDragon is one of the first enterprises in China that dive into the construction of Metaverse. It started to develop the first Metaverse game based on the famous international IP Neopets in 2021, and the Elernity Metaverse Strategy was officially released in 2022. In order to better aggregate global resources, the overseas education business of NetDragon will be listed on the New York Stock Exchange. Going forward, NetDragon will continue to promote the application of cutting-edge technologies in the field of smart education, build an innovative education ecosystem created and shared worldwide, and expand new space for digital applications. We will fully cooperate with the construction of "Digital China," and facilitate high-quality development of digital economy.