NetDragon Websoft

NetDragon Announces 2023 Annual Financial Results

Retrieved on: 
Wednesday, March 27, 2024
Online, PC, Software as a service, Growth, Learning, COVID-19, RMB, K-12, Publishing, MAU, Acquisition, AI, Mobile, Software, NetDragon Websoft, Bank statement, Yoy, IP, Conquer, Ecosystem, MOBA, Marketing, Teaching, Eastern Time Zone, Video game

HONG KONG, March 27, 2024 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, today announced its financial results for fiscal year 2023. NetDragon's management team will hold a results presentation and webcast at 10:00am Hong Kong time on March 28, 2024, to discuss the results and recent business developments.

Key Points: 
  • In 2023, our domestic and overseas gaming revenue increased by 10.5% and 4.5% YoY, respectively.
  • NetDragon continues to consolidate the 2023 financial statements of Mynd in its financials, as it holds 74.4% of the issued share capital of Mynd as of December 31, 2023.
  • NetDragon's management team will hold a results presentation and webcast at 10:00 am Hong Kong time on March 28, 2024 to discuss the results and recent business developments.
  • Participants of the live webcast should visit the aforementioned website 10 minutes prior to the call, then click on the icon for "2023 Annual Results Presentation and Webcast" and follow the registration instructions.

NetDragon Forges Strategic Partnerships to Revolutionise Human Capability in Saudi Arabia

Retrieved on: 
Thursday, March 7, 2024
Vocation, Internet, Ministry, Technical, Vocational education, Commerce, Excellency, TVTC, Republic, Royal commission, MOU, NetDragon Websoft, Educational technology, Partnership, Management

This landmark conference, attracting registrants from upwards of 100 nations, has established a benchmark for global initiatives aimed at unlocking human potential.

Key Points: 
  • This landmark conference, attracting registrants from upwards of 100 nations, has established a benchmark for global initiatives aimed at unlocking human potential.
  • Dr. Simon Leung, Vice Chairman of NetDragon, remarked, "We are deeply honoured and thrilled to support Saudi Arabia's progressive vision for its educational sector.
  • Dr. Dejian Liu, Chairman of NetDragon, commented, "We are extremely excited to take part in the compelling growth journey within the Kingdom of Saudi Arabia.
  • Our initiatives in Saudi Arabia represent an integral part of our commitment to leveraging technology to unlock the potential of learners.

NetDragon Forges Strategic Partnerships to Revolutionise Human Capability in Saudi Arabia

Retrieved on: 
Thursday, March 7, 2024
Vocation, Internet, Ministry, Technical, Vocational education, Commerce, Excellency, TVTC, Republic, Royal commission, MOU, NetDragon Websoft, Educational technology, Partnership, Management

This landmark conference, attracting registrants from upwards of 100 nations, has established a benchmark for global initiatives aimed at unlocking human potential.

Key Points: 
  • This landmark conference, attracting registrants from upwards of 100 nations, has established a benchmark for global initiatives aimed at unlocking human potential.
  • Dr. Simon Leung, Vice Chairman of NetDragon, remarked, "We are deeply honoured and thrilled to support Saudi Arabia's progressive vision for its educational sector.
  • Dr. Dejian Liu, Chairman of NetDragon, commented, "We are extremely excited to take part in the compelling growth journey within the Kingdom of Saudi Arabia.
  • Our initiatives in Saudi Arabia represent an integral part of our commitment to leveraging technology to unlock the potential of learners.

NetDragon Introduces EDA Platform with a Focus on Metaverse Education

Retrieved on: 
Thursday, February 8, 2024
Internet, Chemistry, Biology, Education, Physics, Learning, NetDragon Websoft, Growth, Student, UGC, K-12, EDA, Science, Tutoring

Focused on K-12 education, EDA introduces a novel education approach that emphasizes exploratory and experiential learning, designed to significantly enhance student engagement and learning effectiveness.

Key Points: 
  • Focused on K-12 education, EDA introduces a novel education approach that emphasizes exploratory and experiential learning, designed to significantly enhance student engagement and learning effectiveness.
  • EDA aims at revolutionizing education by delivering contents in the form of education games.
  • The emphasis on gamified learning is in line with the emerging trend towards exploratory and experiential learning in the new era of metaverse education.
  • Such collaborative engagement amongst teachers and students on the platform will also put EDA in a position to bridge the gap between online and offline education experiences.

NetDragon Upgraded to 'BBB' by MSCI ESG Rating

Retrieved on: 
Friday, December 29, 2023
Online, Biophysical environment, S&P Global, Baidu, NetDragon Websoft, Software, Sustainable development, Sustainability, BBB, Privacy, ESG, NetEase, History, Internet, People's Daily, Smartphone, Social responsibility, Tencent, Oath, Environment

This marked a significant upgrade from the previous rating and underscores the market's recognition of the Company's achievements in the ESG domain.

Key Points: 
  • This marked a significant upgrade from the previous rating and underscores the market's recognition of the Company's achievements in the ESG domain.
  • Notably, NetDragon excelled in the "Privacy and Data Security" category, surpassing industry averages and receiving high acclaim from MSCI as reflected in its rating.
  • MSCI is a globally renowned provider of ESG rating for assessing companies' performance in environmental, social and corporate governance.
  • As one of the earliest and most influential rating agencies worldwide, MSCI ESG ratings are known for its independence, consistency and transparency.

NetDragon Announces Completion of Merger for Spinoff Listing of Overseas Education Business

Retrieved on: 
Wednesday, December 13, 2023
NetDragon Websoft, K-12, Artificial intelligence, Content as a service, NYSE, Education, Internet, Software as a service

HONG KONG, Dec. 13, 2023 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, has today announced the successful completion of the merger transaction, by which NetDragon has merged its core overseas education business ("NetDragon Education Business") with the NYSE-listed Gravitas Education Holdings Inc. ("GEHI") at a valuation of US$800 million for the merged entity.

Key Points: 
  • HONG KONG, Dec. 13, 2023 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, has today announced the successful completion of the merger transaction, by which NetDragon has merged its core overseas education business ("NetDragon Education Business") with the NYSE-listed Gravitas Education Holdings Inc. ("GEHI") at a valuation of US$800 million for the merged entity.
  • Accordingly, the stock ticker symbol has been officially changed from "GEHI" to "MYND", effective immediately.
  • Following the completion of the merger, NetDragon now holds 74.39% of the issued share capital of Mynd.ai, which owns 100% of the subsidiaries operating the NetDragon Education Business.
  • Prior to the deal closing, GEHI also divested all of its existing businesses, with the exception of its Singapore education business.

Mynd.ai, Inc. Consummates Merger Transaction

Retrieved on: 
Wednesday, December 13, 2023
Online, HKEX, NYSE, General counsel, Executive, Promethean, Date, CUSIP, Note, American depositary receipt, NYSE American, NetDragon Websoft, ISIN, AI, Workplace, Management, Long Mynd

SEATTLE, Dec. 13, 2023 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE: MYND), is pleased to announce the successful completion of the merger transaction ("Merger Transaction") by which Gravitas Education Holdings, Inc. ("GEHI") acquired Elmtree Inc. ("eLMTree") from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon").

Key Points: 
  • SEATTLE, Dec. 13, 2023 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE: MYND), is pleased to announce the successful completion of the merger transaction ("Merger Transaction") by which Gravitas Education Holdings, Inc. ("GEHI") acquired Elmtree Inc. ("eLMTree") from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon").
  • In connection with the Merger Transaction, GEHI has changed its corporate name to "Mynd.ai, Inc." and its ticker symbol from "GEHI" to "MYND".
  • "This merger transaction is a meaningful step forward for our company, our shareholders, and our customers," said Vin Riera, CEO of Mynd.
  • On the Closing Date, concurrent with the consummation of the Merger Transaction, the Company closed a private offering of US$65 million principal amount of senior secured convertible notes (the "Notes").

Gravitas Education Holdings, Inc. Announces Expected Timing for the Effective Time of the Merger

Retrieved on: 
Tuesday, December 12, 2023
Online, Sale, HKEX, NYSE, CUSIP, Cayman, British Virgin Islands, Eastern Time Zone, Mergers and acquisitions, NetDragon Websoft, ISIN, The Company, Security (finance), Cayman Islands

As a result of the Merger, GEHI will change its corporate name to "Mynd.ai, Inc." and its ticker to "MYND."

Key Points: 
  • As a result of the Merger, GEHI will change its corporate name to "Mynd.ai, Inc." and its ticker to "MYND."
  • The ADSs of the Company are expected to start trading on NYSE American under the new name and ticker at the open on December 13, 2023.
  • The previously announced purchase by an affiliate of Ascendent Rainbow (Cayman) Limited of US$65 million principal amount of secured convertible notes issued by the Company is expected to take place concurrently with the effective time of the Merger.
  • The Company has ceased to operate any education business in China.

GEHI Announces Plan for Closing of Merger and Transfer to NYSE American

Retrieved on: 
Thursday, December 7, 2023
Sale, NYSE American, HKEX, NYSE, Second, ADS, New York Stock Exchange, NetDragon Websoft, Mergers and acquisitions, Cayman Islands

All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing").

Key Points: 
  • All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing").
  • The Company further announced that it will transfer the listing of its ADSs from the NYSE to NYSE American upon completion of the Merger.
  • The Company has received the approval for listing from the staff of the NYSE American on December 6, 2023.
  • Before that, the Company will continue to trade on NYSE under its current ticker symbol "GEHI".

NetDragon Completes US$20M Investment in Rokid, Forms Strategic Partnership to target Metaverse opportunities

Retrieved on: 
Monday, November 20, 2023
Learning, IDG, Software, Partnership, Internet, NetDragon Websoft, Knowledge, Education, Video game

As a global leader in building internet communities, NetDragon specializes in scaling multiple internet and mobile platforms in both gaming and education sectors.

Key Points: 
  • As a global leader in building internet communities, NetDragon specializes in scaling multiple internet and mobile platforms in both gaming and education sectors.
  • The Company's achievements in the education field, recognized globally, make it an expert in leveraging technology to improve learning experiences.
  • This investment and partnership will accelerate the creation of next-generation interactive user experiences that will form the backbone of tomorrow's metaverse.
  • We believe that the combination of NetDragon and Rokid will bring new momentum in product development and breakthrough innovation to the industry."