Traded as SEHK: 0777 Number of employees 3,299 (in 2014) | Headquarters Hong Kong Founded 1992 | |
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Genre massively multiplayer online games Stock price 0777 (HKG) HK$ 23.65 -0.95 (-3.86%)24 Mar, 4:09 PM GMT+8 - Disclaimer Video games Tiger Knight: Empire War, Disney Fantasy Online, Heroes of Might and Magic Online, Transformers Online Subsidiaries NetDragon WebSoft, Inc, USA, Fujian TQ Digital Inc | ||
Netdragon websoft headquarters
NetDragon Websoft is a Chinese company that develops and operates massively multiplayer online games in addition to making mobile applications. The company debuted its first product in 2002.
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Some self-developed games it operates in China are based on Western IP, such as properties of Disney, Electronic Arts, and Ubisoft. Other games based on its own IP are distributed in CIS nations, the Middle East, North Africa, Portugal, Russia, and Vietnam, etc. Some games are also available in English.
Prior to selling this side of the business to Baidu, the company created a mobile phone app store stocked with self-created games and applications. NetDragon had differentiated itself by eschewing selling apps through the distribution channels of others instead creating its own; in essence making consumers download an app to download an app but allowing them exposure to other Netdragon offerings in the process.
Sale of 91 Wireless
In August 2013, 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.