Company Overview

Overview

NetDragon Websoft Inc.(HKSE: 0777) is a leading innovator and creative force in China's mobile internet industries. Established in 1999, we are a vertically integrated, cutting-edge R&D powerhouse with a series of successful track record including building the No. 1 Chinese online gaming portal - 17173.com, being a pioneer in MMORPGs with our renowned self-developed flagship games such as Eudemons Online and Conquer Online gaining huge popularity amongst players, and creating China's most influential and most popular smartphone app store platforms under the 91 Wireless business unit, before disposing the business to Baidu in 2013 in a landmark transaction which is the largest M&A transaction in the Chinese Internet history at the time. In addition, we are China's pioneer in overseas expansion, directly operating game titles in a broad number of countries since 2003 and in over 10 languages internationally. In recent years, we are also becoming a major player in the online and mobile education segment with the vision to leverage our mobile internet technologies and know-how to make learning more fun, motivational and effective compared to the traditional classroom learning model.

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.