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NetDragon Websoft Holdings Limited - NDWTY STOCK NEWS

Welcome to our dedicated news page for NetDragon Websoft Holdings (Ticker: NDWTY), a resource for investors and traders seeking the latest updates and insights on NetDragon Websoft Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NetDragon Websoft Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NetDragon Websoft Holdings's position in the market.

News
NetDragon Announces 2023 Annual Financial Results
Rhea-AI Summary
NetDragon Websoft Holdings reports fiscal year 2023 financial results, highlighting a 9.7% decrease in revenue, with gaming revenue up by 9.6% YoY and Mynd.ai revenue down by 25.7% YoY. The company achieved a gross profit increase of 1.9% YoY, but experienced a 28.6% decrease in operating profit. EBITDA decreased by 8.7% YoY, and profit attributable to owners of the Company dropped by 34.1% YoY. Mynd.ai saw a core segmental loss of RMB 93 million in FY2023 compared to a profit of RMB 30 million in FY2022.
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NetDragon Forges Strategic Partnerships to Revolutionise Human Capability in Saudi Arabia
Rhea-AI Summary
NetDragon Websoft Holdings Limited announces strategic partnerships to revolutionize educational technology in Saudi Arabia, including agreements with TVTC and The Royal Commission for Jubail and Yanbu.
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NetDragon Introduces EDA Platform with a Focus on Metaverse Education
Rhea-AI Summary
NetDragon Websoft Holdings Limited unveils EDA, a metaverse education platform focused on K-12 education, emphasizing exploratory and experiential learning. The platform aims to revolutionize education by delivering content in the form of education games, personalized learning paths, and customized teaching methodologies. EDA will feature an AI-enhanced content development toolkit and an interactive community platform for collaborative engagement amongst teachers and students.
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NetDragon Upgraded to 'BBB' by MSCI ESG Rating
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NetDragon Websoft Holdings Limited (HKSE: 0777) has been upgraded to BBB by MSCI ESG rating, marking a significant achievement in the ESG domain. The company excelled in the 'Privacy and Data Security' category, surpassing industry averages and receiving high acclaim from MSCI. NetDragon has also received recognition from S&P Global, Morningstar Sustainalytics, and People's Daily Online for its outstanding performance in sustainable development and social responsibility. The company is committed to enhancing its ESG performance and building long-term sustainable value to society and the environment.
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NetDragon Announces Completion of Merger for Spinoff Listing of Overseas Education Business
Rhea-AI Summary
NetDragon Websoft Holdings Limited (Hong Kong Stock Code: 777) has completed the merger of its core overseas education business with NYSE-listed Gravitas Education Holdings Inc. at a valuation of US$800 million, forming Mynd.ai, Inc. (MYND). NetDragon now holds 74.39% of Mynd.ai's issued share capital, aiming to redefine the educational landscape with a focus on Classroom as a Service (CaaS) and establishing Mynd.ai as the unified provider for K-12 market.
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NetDragon Completes US$20M Investment in Rokid, Forms Strategic Partnership to target Metaverse opportunities
Rhea-AI Summary
NetDragon Websoft Holdings Limited (Hong Kong Stock Code: 777) has completed a strategic investment of US$20 million in Rokid Corporation Ltd and signed a 5-year strategic partnership agreement to pursue metaverse opportunities globally with Rokid's state-of-the-art Augmented Reality (AR) technologies. This investment and partnership aim to accelerate the creation of next-generation interactive user experiences that will form the backbone of tomorrow's metaverse. Dr. Simon Leung, NetDragon Group Vice Chairman and Executive Director, believes AR will be one of the core technologies to enable the metaverse in the years to come, broadening the number and variety of use cases, especially in education and gaming. Mr. Misa Zhu, the Founder and CEO of Rokid, is happy to have NetDragon onboard as a close strategic partner, aiming to leverage their knowledge and know-how in education and gaming, as well as their global sales network.
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Promethean's ActivPanel 9 wins a 2023 Tech Edvocate Award
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Promethean's ActivPanel 9 wins 'Best Classroom Audio-Visual App or Tool' award in the 2023 Tech Edvocate Awards.
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Promethean continues to be the global leader in IFPDs for education in the second quarter of 2023 and over the last 12 months
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Promethean named global leader in interactive flat panel displays for education. Captured 19.6% of K-12 IFPD volume market share globally in last 12 months. Strong sales of ActivPanel 9. Launched OPS-A computing module. ActivPanel 9 won Tech & Learning Best of Show Award and EdTech Breakthrough Award.
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NetDragon Announces 2023 Interim Financial Results, Gaming Recovery on Track with Record High Revenue
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NetDragon Websoft Holdings Limited announces financial results for H1 2023
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Promethean's ActivPanel 9 Wins a Tech & Learning Best of Show Award at the 2023 ISTE Conference
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Promethean's ActivPanel 9 Premium interactive display receives Tech & Learning Best of Show Award at the 2023 ISTE conference. The display is recognized for its innovation, ease of use, and ability to support teachers and students.
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NetDragon Websoft Holdings Limited

OTC:NDWTY

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NDWTY Stock Data

1.02B
236.52M
Software Publishers
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China (Mainland)
Fuzhou