Chinese Gaming Portal Raises $52.5M to Create Online Learning Platform

NETDRAGON WEBSOFT: $52.5 million to Fujian, China-based NetDragon Websoft Inc. in a Series A round from IDG Capital Partners, Vergex Venture and Alpha Animation. Founded in 1999, the development shop has created online and mobile games for Chinese, English, Spanish and Arabic-speaking countries. But these funds will be used to support a gamified "lifelong education ecosystem by developing K-12, vocational, non-academic credential and lifelong educational products." More details in the press release.

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