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NetDragon Websft Holdings Limited (NDWTY) is a global leader in creating immersive digital ecosystems through its pioneering work in online gaming and AI-driven education technology. This page serves as the definitive source for verified company announcements, providing investors and industry observers with timely updates on strategic developments.
Access comprehensive coverage of earnings reports, product launches, and partnership announcements across NetDragon's dual focus areas. The gaming section features updates on popular titles and platform innovations, while education updates track advancements in classroom technology through subsidiary Mynd.ai.
All content undergoes strict verification to ensure accuracy and relevance for financial decision-making. Users will find chronological updates on R&D breakthroughs, market expansions, and leadership initiatives that shape the company's trajectory in interactive entertainment and digital learning solutions.
Bookmark this page for direct access to NetDragon's official communications, including regulatory filings and technology white papers. Regular updates ensure stakeholders maintain current understanding of the company's AI integration strategies and global market positioning.
Promethean, an education technology company, is set to merge with Gravitas Education Holdings, Inc. (NYSE: GEHI) following a spin-off approved by its parent company, NetDragon Websoft Holdings. The merger, expected in Q3 2023, will allow Promethean to operate as an independent firm, listed on the NYSE as MYND.AI, with a dedicated management team aiming to enhance shareholder value. This strategic move is intended to bolster Promethean's position in the global education market and accelerate the development of innovative AI technologies. The leadership expressed confidence in the merger's potential to transform educational practices and foster sustainable growth.
NetDragon Websoft Holdings Limited and Gravitas Education Holdings Inc. (GEHI) have signed a merger agreement to combine their operations, particularly focusing on the overseas education sector. This transaction is valued at US$750 million for NetDragon's education business and US$800 million for the merged entity, which will be renamed MYND.AI upon completion by the end of Q3 2023.
Post-merger, NetDragon will own 72.9% of GEHI, which will divest most of its existing operations, except a profitable segment in Singapore. MYND.AI aims to leverage AI in education, enhancing shareholder value through an independent management team and better financing options.
Promethean, a leader in interactive display technology, has launched the ActivPanel LX, aimed at schools seeking an affordable yet high-quality solution for classroom technology. This new panel features a 4K display, USB-C connectivity, and compatibility with existing educational software, making it user-friendly for both teachers and IT staff. Promethean's chief product officer highlighted the importance of affordability and versatility in meeting diverse school needs. The company positions the ActivPanel LX to enhance classroom learning experiences while maintaining rigorous security protocols without frequent updates.
NetDragon Websoft Holdings reported strong financial results for FY2022, achieving record-high revenue of RMB7.9 billion, a YoY growth of 11.8%. The education division led growth with a 34.2% increase to RMB4.3 billion, now accounting for 55.1% of total revenue. The company announced a final dividend of HKD0.40 per share, totaling HKD1.30 for the year, approximately 73% of profits. Although the gaming segment faced challenges with a 5.8% revenue decline to RMB3.4 billion, overseas gaming showed growth, up 6.5%. The company is focusing on R&D to develop new games and expand its market reach, positioning itself for future growth.
NetDragon Websoft Holdings Limited announced that its subsidiary, Promethean, has been recognized as the global leader in interactive flat panel displays (IFPDs) for education, according to Futuresource Consulting's Q4 2022 report. This marks Promethean's fifth consecutive year at the top in the K-12 sector, with a 30.8% market share in the U.S. Promethean's new products, ActivPanel 9 and Symphony Classroom, aim to improve workflow for teachers. The company is also targeting the corporate market with ActivPanel 9 Pro, enhancing collaboration and productivity.
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