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2023
EdTech Giant NetDragon Merges With U.S. Company in $800 Million Deal
Date: Wed Dec 13 18:25:22 2023
NetDragon Websoft Holdings Limited (HKSE: 00777), a global leader in virtual learning communities based in Fuzhou, China, has completed a major merger that sees its core overseas education business gain a new identity. It merged its international edtech operations ("NetDragon Education Business") with New York-listed Gravitas Education Holdings, Inc. (GEHI). The combined company is anticipated to be valued at a sizable $800 million.
NetDragon Bets Big on AR Future with $20M Rokid Investment
Date: Wed Nov 22 18:28:14 2023
Chinese gaming giant NetDragon just led a $20 million funding round for futuristic AR startup Rokid. And that's not all - they also inked a five-year strategic partnership deal. NetDragon says it will tap into Rokid's cutting-edge AR tech to jointly explore new virtual worlds globally.
Updated: November 17, 2023 Captain Liu Charts Ambitious Course: How NetDragon's Visionary Leader is Guiding the "USS Enterprise" into Unmapped EdTech Waters Along the New Silk Road
Date: Fri Nov 17 18:37:46 2023
The Organization Department of the Fuzhou Municipal Party Committee has officially kicked off the "2023 Fuzhou Talent Month" initiative spotlighting the city's top talents. Throughout the month, the Fuzhou Daily runs a special section profiling inspiring individuals.
NetDragon Invited to Share Experience in "Education Going Global" on 10th China-Central Asia Cooperation Forum
Date: Tue Sep 12 22:05:27 2023
NetDragon Invited to Share Experience in "Education Going Global" on 10th China-Central Asia Cooperation Forum.
NetDragon Announces 2023 Interim Financial Results, Gaming Recovery on Track with Record High Revenue
Date: Wed Aug 30 22:03:14 2023
NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), today announced its financial results for the first half of 2023. NetDragon's management team will hold a webcast at 10:00am Hong Kong time on 31 August 2023 to discuss the results and recent business development.
NetDragon Introduces EDA at Global Smart Education Conference
Date: Tue Aug 22 21:54:34 2023
From August 18 to 20, the Global Smart Education Conference 2023 was held in Beijing. Co-hosted by Beijing Normal University and the UNESCO Institute for Information Technologies in Education, the conference saw prominent figures like Chen Jie, vice minister of education, and Nobel laureate Mo Yan in attendance.
NetDragon Takes Education into the Future at 8th Global Smart Education Confab, Debuts Edmodo Academy Platform
Date: Tue Aug 22 18:45:53 2023
The high-profile 2023 Global Smart Education Conference ramped up from August 18 to 20 in the capital city of Beijing. Co-hosted by the prestigious Beijing Normal University (BNU) and the UNESCO Institute for Information Technologies in Education (UNESCO IITE), the conference brought out the big guns with appearances from Deputy Education Minister Chen Jie and Nobel laureate author Mo Yan. For the eighth year running, NetDragon showed up with its edtech A-game on deck, unveiling cutting-edge projects and products including the new Edmodo Academy (EDA) online learning platform, NCET Vlab, Future Lab, and Rokid AR glasses. And in a major announcement, NetDragon launched EDA in full as the marquee achievement of this year's conference.
Tech Titan at UNESCO Meeting Proposes Bold New Vision for Global Learning's Future
Date: Mon Jul 10 18:52:43 2023
The latest Board of Governors meeting for the UNESCO Institute for Information Technologies in Education (IITE) recently took place in Paris. Among those gathering were scholars from around the globe as well as experts from UNESCO headquarters. Dr. Liu Dejian, Chairman of education giant NetDragon, also joined as the sole entrepreneurial member.
NetDragon Doubles Down on Education Mission with Mass Swearing-In Ceremony
Date: Sat Jul 01 18:55:43 2023
Thousands Vow Forward Progress through Trying Times
NetDragon Hosts Major Forum on AIGC's Application and the Evolution of Design Fields
Date: Mon Jun 12 19:39:36 2023
Industry leaders and academics convened in Beijing on June 9-10 for "The Era of AIGC Applications and Design Discipline Transformation" summit. The event was organized by the Network Technology and Intelligent Media Design Professional Committee of the Association of Fundamental Computing Education in Chinese Universities (hereinafter referred to as "the Committee") and the "Digital Media Art" Virtual Teaching and Research Office of the Ministry of Education, and co-hosted by the School of Animation and Digital Arts at Communication University of China and NetDragon Websoft Inc. It also served as the inaugural conference for the second council of the Committee.
NetDragon Announces Signing of Merger Agreement to Spinoff Overseas Education Business for Listing on NYSE
Date: Wed Apr 19 21:53:41 2023
NetDragon Websoft Holdings Limited ("NetDragon") announced on April 18th that it has signed a merger agreement with Gravitas Education Holdings Inc. ("GEHI"), an NYSE listed company, whereby NetDragon, through its subsidiary, will merge its core overseas education business ( "NetDragon Education Business") with GEHI at a valuation of US$750 million for the NetDragon Education Business and US$800 million for the merged entity. The merged entity will be renamed to MYND.AI at closing of the transaction to reflect the new brand and the direction of the company to pursue the transformation of education with Artificial Intelligence (AI).
NetDragon Seals Landmark Deal to Take Education Unit Public on NYSE in First-of-its-Kind Move
Date: Wed Apr 19 19:46:07 2023
On April 18, Chinese education technology company NetDragon Websoft Inc. has announced a merger deal that will combine its core overseas education division with Gravitas Education Holdings Inc., a US-based firm listed on the New York Stock Exchange. Through the transaction, NetDragon will spin off its overseas education business, valued at $750 million, merging it into Gravitas.
NetDragon Announces 2022 Annual Financial Results, with Education Revenue Reaching a Historic High of 34.2% YoY
Date: Tue Mar 28 21:52:42 2023
NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, announced its financial results for the year 2022 on the 27th, with revenue increasing by 11.8% year on year and the growth of education business reaching a record high of 34.2%.
M.U.S.T. AND NetDragon Signed Cooperation Framework Agreement on Establishing Digital Innovation and Humanities Education Research Center
Date: Wed Mar 15 01:00:16 2023
On March 14, 2023, the "Digital & Real Derivatives for Better Fuzhou" Meta Creative Week and a series of events were launched in Fuzhou. Macau University of Science and Technology (M.U.S.T.) was invited to attend and signed a Cooperation Framework Agreement with NetDragon to jointly establish the Digital Innovation and Humanities Education Research Center.
Tech Executive's Plan for Provincial Progress on Two Sessions: Using AI to Drive Deeper Integration Across Fujian's Industries
Date: Fri Jan 13 19:48:29 2023
During 2023 Fujian "Two Sessions", lawmakers and political advisors actively hammered out policies on everything from the economy to people's livelihoods. One frequent contributor to the discussions was Zheng Hui, People's Congress Representative and NetDragon Executive Director and Party Secretary, who put forward four proposals focused on boosting the budding digital sector. Zheng's plans centered on fostering innovation in artificial intelligence, edtech and other areas in a post-pandemic world. He also pushed for faster training of AI talent and easing connections with neighboring tech powerhouses like Taiwan and Hong Kong. The deliberations drew heavy coverage from Fujian's state-run media outlets.