Company Overview

Overview

NetDragon Websoft Inc.(HKSE: 0777) is a leading innovator and creative force in China's mobile Internet industry. Established in 1999, NetDragon is a vertically integrated, cutting-edge R&D powerhouse with a highly successful track record which includes the development of flagship MMORPGs such as Eudemons Online and Conquer Online, China’s number one online gaming portal, 17173.com, and China's most influential smartphone app store platform, 91 Wireless, which was sold to Baidu in 2013 in what was at the time the largest Internet M&A transaction in China. Being China's pioneer in overseas expansion, NetDragon also directly operates a number of game titles in over 10 languages internationally since 2003. In recent years, NetDragon has become a major player in China’s online and mobile education industry as it works to leverage its mobile Internet technologies and operational know-how to develop a game-changing education ecosystem.

Milestones

Time
Events
May
1999
NetDragon (Fujian) was established
Mar
2001
Established 17173.com, which became No.1 Chinese online game portal
Jul
2002
Launched the first MMORPG online game, Monster & Me
Sep
2003
Launched Conquer Online, the most successful Chinese online game in oversea markets
Nov
Sold 17173.com to Sohu.com Ltd. at US $20,050,000
Oct
2004
Insisted on self-R&D and launched 91.com, an entertainment platform for online games
Dec
Expanded to non-Chinese market with the launch of English version of Conquer Online
Mar
2006
Launched Eudemons Online, with "free to play" operation strategy adopted
Apr
2007
Launched the first sci-fi & robot online game in China, Zero Online
Nov
Listed on GEM of The SEHK on 2 November
Dec
Initiated strategic operation with China Film Group and launched Tou Ming Zhuang Online to tie-in with the movie of the same name
May
2008
Launched Heroes of Might and Magic Online
Jun
Successfully listed on Main Board of The SEHK on June 24
Dec
Entered into Agreement with EA to Develop New Online Game-Dungeon Keeper Online
Dec
Made an agreement to develop "Disney Fantasy Online" with Disney
Jan
2009
Honored with 2008 "National Outstanding Award for Internet Cultural Enterprise" by Ministry of Culture
Mar
Launched open beta test for Way of the Five, PCU exceeds 100,000 on the first day
Jul
Entered into agreement with EA to develop new online game-new Ultima Online
Sep
Named as "The Best Employer of Year 2009", by Fortune Magazine (Chinese edition)
May
2010
Launched open beta test for Disney Fantasy Online
Jul
Launched open beta test for CJ7 Online
Jul
Launched open beta test for Tian Yuan
Oct
2011
Honored with Asian "Most Admired Knowledge Enterprise Award" by KNOW Network
Dec
Launched open beta test for iPad-based English Version of Conquer Online
Apr
2012
NetDragon inaugurated a new era of Mobile Business
May
NetDragon initiated 91 Win Matrix project
Aug
NetDragon and DeNA established a joint venture to develop and operate mobile social games for the Chinese market.
Dec
NetDragon announced that the Board was considering the feasibility of the Proposed Spin-Off and separate listing of 91 Wireless Websoft Limited
Aug
2013
NetDragon announced 91 Wireless Websoft Limited had entered into an Agreement and plan of Merger with Baidu(HongKong)Limited. Upon completion of the transaction, 91 Wireless should terminate its application for the proposed listing of 91 Wireless shares on the GEM of the Hong Kong Stock Exchange.
Oct
Sold 91 Wireless to Baidu with consideration of US$1.9 billion.
Nov
The Company paid the special dividend of HK$7.77 per share to shareholders whose names appeared on the register of members of the Company at the close of business on 29 October 2013.
Jan
2014
Entered into an agreement with Foxteq and Vision Knight Capital to establish a joint venture in a move to collaborate in the exploration and business operation in the online education business.
Nov
2014
Cooperated with ECNU to jointly organize the “2014 Strait Wisdom Education Forum and Education Informatization Technology Conference” and officially became a member of CELTSC’s Branch council for Education Technology.
Feb
2015
NetDragon’s education subsidiary closed a Series A equity fundraising round of US$52.5 million led by IDG, Vertex (a Temasek subsidiary) and Alpha Animation, at a valuation of US$477.5 million.
Jun
2015
NetDragon signed a stock purchase agreement to conditionally acquire a 100% stake in ChiVox, a leading intelligent voice and speech technology provider in China.