Company:NetDragon Websoft

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Short description: Chinese gaming company
NetDragon Websoft
SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".
Genremassively multiplayer online games[1]
FoundedMay 1999 (1999-05)[1]
Headquarters
Fuzhou[2]
,
China
Number of employees
3300 (in 2014) [3]
SubsidiariesJumpStart Games
Websitehttp://ir.netdragon.com/
NetDragon Websoft
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NetDragon Websoft is a Chinese company that develops and operates massively multiplayer online games in addition to making mobile applications.[1] The company debuted its first product in 2002.[1]

Some self-developed games it operates in China are based on Western IP, such as properties of Disney, Electronic Arts, and Ubisoft.[4] Other games based on its own IP are distributed in CIS nations, the Middle East, North Africa, Portugal, Russia , and Vietnam, etc.[5] Some games are also available in English.

Prior to selling this side of the business to Baidu, the company created a mobile phone app store stocked with self-created games and applications.[citation needed] NetDragon had differentiated itself by eschewing selling apps through the distribution channels of others, instead creating its own;[6] in essence making consumers download a separate app to download their apps, allowing them exposure to other Netdragon offerings in the process.[citation needed]

The company headquarters, completed in 2014, garnered media attention for being inspired by Star Trek.[7]

Education

NetDragon Websoft started getting involved in education[8] in 2010 with the aims to develop "the largest learning community globally."[9]

NetDragon has made several acquisitions regarding education and community, amongst which are included:

  • A partnership with the University of North Texas to launch the UNT-NetDragon Digital Research Centre.[10]
  • Edmodo was acquired by NetDragon on April 8, 2018.[11]
  • On July 3, 2017, NetDragon announced that it had acquired American educational software publisher JumpStart Games.[12]
  • NetDragon also acquired a 100 percent stake in the UK-listed Promethean Limited back in 2015.[13]

Sale of 91 Wireless

NetDragon sold its app store, 91 Wireless, to Baidu in 2013 for $1.85 billion. At that time, the sale was hailed as the biggest deal ever in China's IT sector.[14] As the company controlled less than 58% of 91 Wireless, Netdragon took an estimated $1.06 billion from the sale.[15]

The mobile applications available through this store, many of which are "91" branded,[citation needed] are quite disparate and include more than mobile games – running the gamut from fortune telling to wealth management.[16]

CSR

The company sponsors the Fujian NetDragon Youth Business Foundation, which helps entrepreneurial youth to start a small business.[17]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 "Company Overview". Netdragon Websoft Inc. http://ir.netdragon.com/about/overview.shtml. Retrieved June 6, 2012. 
  2. ↑ "FAQ". Netdragon Websoft Inc. http://ir.netdragon.com/investor/faq.shtml. Retrieved June 6, 2012. 
  3. ↑ "FAQ". Netdragon Websoft Inc. http://ir.netdragon.com/investor/faq.shtml. Retrieved May 26, 2015. 
  4. ↑ For games based on Electronic Arts IP, see both "NetDragon Enters into Agreement with EA to Develop New Online Game -- Dungeon Keeper Online". Electronic Arts. December 1, 2008. http://investor.ea.com/releasedetail.cfm?ReleaseID=351083. Retrieved June 6, 2012.  AND Alexander, Leigh (July 23, 2009). "EA, NetDragon Partner On Chinese Ultima Online". gamasutra.com. UBM TechWeb. http://www.gamasutra.com/view/news/24552/EA_NetDragon_Partner_On_Chinese_Ultima_Online.php. Retrieved June 6, 2012. 
  5. ↑ For Middle East and North Africa, see "NetDragon Sets the Bar for Arabic-language Region's Online Gaming Market." China Weekly News. NewsRX. 2011. HighBeam Research. 24 May. 2014
    • For Russia and CIS nations, see "NetDragon's 'Eudemons Online' Headed for Russia." China Weekly News. NewsRX. 2009. HighBeam Research. 24 May. 2014
    • For Indonesia, Malaysia, and Portugal, see "NetDragon Launches English Expansion Pack for Eudemons Online - 'The Divine Path'." Science Letter. NewsRX. 2009. HighBeam Research. 24 May. 2014
  6. ↑ "NetDragon Websoft : mobile gaming is booming". L’Atelier. L’Atelier BNP Paribas. November 26, 2012. http://www.atelier.net/en/blog/2012/11/26/netdragon-websoft-mobile-gaming-booming. Retrieved January 7, 2013. 
  7. ↑ "Chinese Firm’s Headquarters Shaped Like ‘Star Trek’s’ Enterprise" (in en-US). Wall Street Journal. 2015-05-25. ISSN 0099-9660. http://blogs.wsj.com/chinarealtime/2015/05/25/chinese-firms-headquarters-shaped-like-star-treks-enterprise/. 
  8. ↑ "Technology Enhanced Learning". https://edu.nd.com.hk/. 
  9. ↑ "NetDragon Announces Fourth Quarter and Fiscal Year 2017 Financial Results". March 22, 2018. http://www.asiaone.com/business/netdragon-announces-fourth-quarter-and-fiscal-year-2017-financial-results. Retrieved March 27, 2018. 
  10. ↑ "UNT launches NetDragon Digital Research Centre". May 15, 2018. https://news.unt.edu/unt-launches-netdragon-digital-research-centre. Retrieved August 5, 2019. 
  11. ↑ "NetDragon Signs Agreement to Acquire Edmodo to Create the Largest Global Learning Community" (Press release). April 8, 2018. Retrieved August 27, 2018.
  12. ↑ "NetDragon Acquires JumpStart to Expand Its Online Communities" (Press release). July 3, 2017. Retrieved March 27, 2018.
  13. ↑ "China's NetDragon completes Promethean acquisition". http://www.chinadaily.com.cn/business/2015-11/04/content_22364807.htm. Retrieved March 27, 2018. 
  14. ↑ Paul Carsten (14 August 2013). "Baidu says agrees to buy Netdragon's 91 Wireless for $1.85 billion". Reuters. https://www.reuters.com/article/us-baidu-91wireless-idUSBRE97D0AR20130814. 
  15. ↑ "NetDragon Signs Merger Pact between Baidu and 91 Wireless." Manufacturing Close-Up. Close-Up Media, Inc. 2013. HighBeam Research. 24 May. 2014
  16. ↑ "Netdragon Websoft Inc (0777.HK): Full Description". Thomson Reuters. https://www.reuters.com/finance/stocks/companyProfile?symbol=0777.HK. Retrieved June 6, 2012. 
  17. ↑ "NetDragon Fujian Honored with 2008 'National Outstanding Award for Internet Cultural Enterprise'." Internet Weekly News. NewsRX. 2009. HighBeam Research. 24 May. 2014

External links



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