Chinese gaming company Huaya Education 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. Huaya Education's digital teaching tool, 101 Education PPT, was launched via its subsidiary NetDragon. It is currently offered to schools on a business-to-business model and Huaya Education plans to sell the tool directly to students and parents in the future.
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. It is currently offered to schools on a business-to-business model and NetDragon plans to sell the tool directly to students and parents in the future.