Published: 7:03am, 7 Feb, 2019 Updated: 7:02am, 7 Feb, 2019
Chinese gaming company NetDragon Websoft is focusing its attention on the country's online education market, expected to be worth $64bn next year. The Fuzhou-based firm recently acquired two education technology corporations, the UK's Promethean for $130m and US-based Edmodo for $137.5m. It has also invested CNY3bn ($444.8m) in the 400-hectare Binhai Education Village to develop an educational technology hub. NetDragon's digital teaching tool, 101 Education PPT, was launched via its subsidiary Huaya Education. In a bid to boost China's online education, NetDragon will open 100 new schools this year, including one dedicated solely to computer science education.