Welcome to our dedicated page for Netdragon Websft news (Ticker: NDWTY), a resource for investors and traders seeking the latest updates and insights on Netdragon Websft stock.
NetDragon Websoft Holdings Limited (NDWTY) generates a steady flow of news around its dual focus on online gaming and education technology, as well as its broader role in building internet communities. Company announcements frequently cover developments in its "AI+Gaming" and "AI+Education" strategy, partnerships with governments and international organizations, and progress in its U.S.-listed education subsidiary Mynd.ai.
On this page, readers can follow updates on NetDragon’s gaming and application services business, including performance of flagship IPs such as Eudemons Online, Heroes Evolved, Conquer Online, and Under Oath, along with new game pipelines and AI-enabled features like AI companions, AI-powered cheat detection, and AI Content Factory integration in game production. News also highlights participation in events like the Digital China Summit, where NetDragon showcases VR and AR cultural tourism projects and AI-driven gaming innovations.
NetDragon’s news flow also reflects its expanding footprint in global education. Articles detail AI education platforms co-developed with Thailand’s Ministry of Higher Education, Science, Research and Innovation, digital school transformation projects with Cameroon’s Ministry of Secondary Education under a World Bank-supported program, and collaborations with UNESCO, including the E-Library for Teachers and participation in UNESCO’s Digital Learning Week. Coverage further includes NetDragon’s presence at United Nations expert meetings, where it presents frameworks such as On-Demand Learning and its education metaverse concept EDA.
Investors and observers can also track financial result announcements, dividend decisions, and strategic alliances, such as the partnership between NetDragon’s subsidiary Cherrypicks and AI company Zhongke WengAI. Bookmark this page to monitor NDWTY news on earnings, AI initiatives, education projects, and gaming milestones as reported in official company communications.
NetDragon Websoft Holdings (Hong Kong: 0777) has signed a Memorandum of Understanding (MoU) with The Hong Kong Polytechnic University (PolyU) to establish a strategic partnership focused on educational technology innovation. The collaboration encompasses three key areas: joint development of an AI learning platform, collaborative research in EdTech, and facilitation of academic exchange programs among tertiary institutions globally.
The partnership aims to enhance student learning experiences through AI technology integration and promote EdTech applications in higher education. The collaboration will leverage PolyU's academic resources and NetDragon's expertise in AI and EdTech to develop innovative educational solutions. NetDragon, established in 1999, is known for online gaming and educational technology, with its education subsidiary Mynd.ai having interactive technology present in over 1 million learning spaces across 126 countries.
NetDragon reported its 2024 interim financial results, showing resilience amid challenges. Key highlights include:
- Revenue decreased 10.3% YoY to RMB3.30 billion
- Gaming revenue increased 2.1% YoY to RMB1.36 billion
- EBITDA increased 12.9% YoY to RMB1.04 billion
- Profit attributable to owners decreased 20.0% YoY to RMB400 million
The company saw growth in its domestic PC gaming business, driven by flagship IPs like Eudemons, Conquer, and Heroes Evolved. New game launches are expected to drive future growth. The education subsidiary Mynd.ai faced industry-wide softening demand but improved gross margins. NetDragon is pursuing cost optimization and evolving towards an integrated software and service model in education technology.
NetDragon and EDA (Thailand) have announced a strategic initiative with Thailand's Ministry of Higher Education, Science, Research and Innovation (MHESI) to revolutionize education through an AI-powered platform called aom-ai. The platform, set to launch later this year, is being previewed at the MHESI Fair SCI Power for Future Thailand expo from July 22 to 28, 2024.
Aom-ai is designed to personalize education experiences, adapt to individual learning styles, and support lifelong learning. It will offer self-paced learning, accredited certifications, and aim to prepare Thai citizens for the digital economy. NetDragon's booth at the expo features an Immersive Learning Zone and an Independent Learning Zone, showcasing various educational technologies.
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