Source:
https://scmp.com/tech/enterprises/article/1875335/chinese-games-developer-netdragon-moves-global-online-education
Tech/ Enterprises

Games developer NetDragon moves into online education market with US$130m Promethean acquisition

Sullivan High School students participate in a MOOC -- a massive online open courrse -- created by Dr. Melissa Simon, a professor of obstetrics and gynecology at Northwestern University's Feinberg School of Medicine. (Nancy Stone/Chicago Tribune/TNS)

NetDragon Websoft, a leading online games developer and operator in China, expects to carve out a profitable niche in the global online education market after completing its US$130 million acquisition of London-listed Promethean World, a provider of interactive learning technologies.

In a regulatory filing on Tuesday, NetDragon chairman Liu Dejian said the cash transaction was made through the company’s subsidiary, Digital Train.