NetDragon Websoft


NetDragon Websoft Holdings Limited is an internet company based in Fuzhou, China. It has a track record of developing and scaling multiple influential internet and mobile platforms, including online gaming portal 17173.com, and smartphone app store platform, 91 Wireless, which was sold to Baidu for US$1.9 billion in 2013.
Established in 1999, NetDragon is an online game developer in China with IPs including Eudemons Online, Heroes Evolved and Conquer Online.
In recent years, NetDragon has also started to scale its online education business on the back of management's vision to create the largest global online learning community, and to bring the “classroom of the future” to schools around the world.

Education

NetDragon Websoft started getting involved in education in 2010 with the aims to develop "the largest learning community globally."
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.
Edmodo was acquired by NetDragon on April 8, 2018.
On July 3, 2017, NetDragon announced that it had acquired American educational software publisher JumpStart Games.
NetDragon also acquired a 100 percent stake in the London-listed Promethean World back in 2015.

Sale of 91 Wireless

NetDragon's sold its app store, 91 Wireless, to Baidu for $1.85 billion in what was hailed as the biggest deal ever in China's IT sector. As the company controlled less than 58% of 91 Wireless, Netdragon took an estimated $1.06 billion from the sale.
The mobile applications available through this store, many of which are "91" branded, are quite disparate and include more than mobile games–running the gamut from fortune telling to wealth management.

CSR

The company sponsors the Fujian NetDragon Youth Business Foundation, which helps entrepreneurial youth achieve their dream of starting a small business.