Technology
The Princeton Review’s Company Look Back at 2024 and Look Ahead to 2025
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2 years agoon
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NEW YORK, Dec. 30, 2024 /PRNewswire/ — The Princeton Review®, one of the nation’s leading education providers, today shared its annual look back at some of the company’s key offerings over the past year and look ahead to projects in the works for the year ahead.
In 2024, more than a million people turned to The Princeton Review for education-related information and resources. Students used the company’s services and products to score their best on tests; tackle school assignments; improve their grades; research and gain admission to undergraduate, graduate, and medical schools; and maximize opportunities for scholarships and financial aid. Post-graduates used the company’s resources to upskill for career advancement as well as prepare for professional licensing exams. Parents, teachers, counselors, advisors and members of the media reached out to The Princeton Review for information on everything from its survey findings and school rankings to trending topics in education.
The Princeton Review’s services and products in 2024 included:
• Test-prep Courses. Offered for dozens of tests and regularly updated to reflect changes in the tests, The Princeton Review courses are available in various formats from live online to in-person to self-paced. Some of the most popular courses carry The Princeton Review Better Scores Money Back Guarantee. Among its courses for tests taken by college applicants—the SAT®, PSAT/NMSQT®, ACT®, and AP® subject tests—the company’s SAT 1400+ course was the most popular in 2024. Among its courses for tests taken by applicants to graduate, law, business and medical schools—the GRE®, LSAT®, GMAT®, and MCAT®—the company’s LSAT 165+ and MCAT 515+ courses were among the most popular.
The Princeton Review’s courses for professional licensing and certification exams include its USMLE® Test Pack for MD candidates taking the medical licensing exam, and its suite of resources for the NCLEX-RN® exam which is required for licensing as a Registered Nurse. These include its NCLEX-RN LiveOnline and NCLEX Self-Paced course, and its Next Gen NCLEX-RN QBank. The company also offers courses for people preparing to take the CFA® (Chartered Financial Analyst®) Level I, Level II, and Level III exams. Through a marketing partnership with Surgent Accounting & Financial Education, The Princeton Review offers exclusive discounts on Surgent’s exam reviews for the CPA® (Certified Public Accountant), CMA® (Certified Management Accountant), and CISA® (Certified Information Systems Auditor) exams.
• Tutoring. The company’s more than 3,000 trusted tutors are available in 80+ subjects online and on demand, 24/7. They provide customized learning sessions for elementary school through college level students as well as for post-grads. At the company’s Instant Homework Help hub, tutors help students tackle school assignments and improve their study habits. At the LiveOnline Academic Tutoring hub, tutors help students earn higher grades in school, prepare for tests and achieve academic goals. In 2024, the top subjects for which students requested help from the company’s tutors were: Calculus, Pre-Calculus, Algebra-based Physics, and Physics.
• Admissions Counseling. The majority (80%) of students working with the company’s college admissions counselors in 2024 gained admission to at least one of their top three “dream” schools including such highly selective institutions as Harvard, MIT, and the University of Chicago. Students working with the company’s medical school admissions counselors gained admission to top medical schools in the U.S. (Duke, Harvard and Stanford among them) as well as outside of the U.S. (the University of Cambridge, the University of Melbourne, and the University of Toronto among them).
• Books. The Princeton Review’s line of 150+ books, distributed by Penguin Random House, includes test-prep guides and college guides, many of which have been annually updated for more than three decades. Among those long-running titles published in 2024 were the 39th edition of The Princeton Review’s primary guide to the SAT; the 36th edition of its primary guide to the ACT; and the 33rd edition of its flagship college guide, The Best 390 Colleges. Additionally, the 32nd edition of its book Paying for College holds the distinction of being the only annually updated guide to financial aid with guidance on completing the upcoming school year’s FAFSA® (Free Application for Federal Student Aid), a form that all aid applicants must submit, and the College Board’s CSS Profile® which hundreds of selective colleges require. Other notable releases in 2024 included 575+ Practice Questions for the Digital PSAT/NMSQT and 800+ SAT Practice Questions. Popular Princeton Review guides also hit Amazon.com bestseller lists in 2024. Among them were Digital SAT Premium Prep and AP World History: Modern Premium Prep which were bestsellers in the College Entrance and Test Guides category, and AP Psychology Premium Prep which was #1 in the Amazon.com bestseller category Teen & Young Adult AP Study Aids New Releases.
• AI Tools. Students using The Princeton Review’s award-winning generative AI-based tools AI College Admissions Essay Counseling and AI Homework Essay Feedback, which debuted in 2023, can upload essays they have written, and—within seconds—receive feedback, evaluation, and recommendations of ways to make their essays even better. (Note: These products do not write the student’s essays.) Designed with input from the company’s college admission and tutoring experts, the tools provide feedback on coherence, conciseness, grammar, spelling, punctuation, and more.
In 2024, The Princeton Review also:
• Reported school rankings in dozens of categories including its
Top Undergrad and Grad Schools to Study Game Design (March)
Best Value Colleges (June)
Best Business Schools and Best Law Schools (July)
Best Colleges (August)
Top Green Colleges (October) and
Top Undergrad and Grad Schools to Study Entrepreneurship (November).
• Conducted national education surveys including its
College Hopes & Worries 2024 Survey. Now in its 22nd year, this survey polled 10,800 college applicants and their parents in February on their application perspectives, need for financial aid, “dream” college (the school they wished they (or their child) could attend if acceptance was a given and cost was not a concern), as well as other timely issues. Among the findings: 82% of respondents overall said financial aid would be very necessary to pay for college and 73% reported high stress about their college applications. The #1 dream college among surveyed students was Harvard. The #1 dream college among surveyed parents was MIT.
College Administrator Summer 2024 Survey. Now in its 5th year, this survey polled administrators at 246 colleges in July on their fall enrollment forecasts, test policies, opinions about the revised FAFSA as well as the use of AI in college applications and admissions, and other issues. Among the findings: 75% of the administrators projected their fall 2024 enrollment to be on par with that of fall 2023; 89% reported their schools were test optional (7% said test blind; 4% said test scores were required); and 70% reported low or very low confidence that the release of the FAFSA for 2025-26 would be timely and smooth.
• Promoted mental health services on college campuses
The Princeton Review Mental Health on College Campuses project, supported by a partnership with the Ruderman Family Foundation, began with a survey of administrators at 2,000+ colleges about the availability of mental health services and resources at their schools. The company also surveyed college students about their awareness of such services and resources on their campuses. A report on The Princeton Review Campus Mental Health Survey findings is accessible here. In October, The Princeton Review uploaded information about schools’ mental health services to 250 of its college profiles on PrincetonReview.com and named 16 schools to its Mental Health Services Honor Roll for 2025. The company also launched a content hub on its website dedicated to mental health resources. A short video on the project is viewable here.
• Provided free resources for students, parents, teachers, counselors and others
From college-night talks to test-strategy sessions to career-related webinars, The Princeton Review hosted thousands of free events in 2024. Its education experts also created dozens of videos that were uploaded to its YouTube channel. The channel’s 600+ videos feature updates on standardized tests and tips for scoring well on them as well as strategies for gaining admission to (and financial aid from) colleges and universities. In 2024, the videos that were most viewed on The Princeton Review YouTube channel were AP Exams Going Digital!, The New Digital SAT: 15 Must-Know Answers About the Test, and How to Make the Best College Decision by May 1st.
• Was referenced widely in media broadcasts and print and online features
Each year, members of the media reach out to The Princeton Review for comment, advice, and information about education issues. In 2024, the company’s Editor in Chief Rob Franek appeared on several national broadcasts including a segment on NBC TODAY on October 7th that was his 31st appearance on the show. It featured his advice for college applicants, reports on the company’s recently reported college rankings, and comments on trending issues in education. Other media sourcing Rob included: CNBC, the BBC, Teen Kids News and Voice of America. In 2024, hundreds of regional, local and niche media reported on schools that earned various Princeton Review rankings and honors. Many schools are citing these accolades now in their 2024 end-of-year retrospectives.
• Received awards and recognition
In November, two of the leading edtech publications—Campus Technology and THE Journal—honored The Princeton Review along with its affiliate,Tutor.com, naming the company’s AI-based tools for tutoring a Platinum Award-winner in their 2024 Product of the Year Awards. More information about the publications’ awards program is here.
In December, The Princeton Review reported that an effectiveness study has demonstrated that the company’s institutional SAT Prep program meets Level II requirements of the federal Every Student Succeeds Act (ESSA). An accompanying logic model demonstrated that the program is informed by high-quality research that satisfies Level IV requirements of the ESSA. The effectiveness study and logic model were completed by Instructure Research, a third-party research and evaluation group. The study and model were designed to assess student outcomes for an institutional program in which a K–12 district partnered with The Princeton Review to provide test prep for its students.
• Welcomed new executive management
In May, The Princeton Review announced that Robert (Bob) Batten, joined the company as Chief Executive Officer, and in June, it reported that Sarah Robinson, joined the company as Chief Product Officer.
Projects The Princeton Review has in the works for 2025 include:
• Updates of its courses for standardized tests. Having updated its courses for many tests that underwent major revisions in 2024 (including the SAT, GMAT, GRE, and LSAT), the company is revising its courses for the ACT and the AP subject tests to align with significant changes in the tests in 2025. In April, the “Enhanced” ACT” will officially debut with a digital option and in a shorter format. Other changes in the test are forthcoming in September. In May 2025, 28 AP Exams will transition to digital versions.
• Updated editions of many of the company’s books. The Princeton Review will publish significantly updated editions of its test-prep guides for exams referenced above that are undergoing major changes in 2025 as well as create additional resources to prepare for the new tests. The Best 391 Colleges, the 2026 edition of its annual college guide, will reveal the top colleges in 50 categories based on The Princeton Review’s surveys of nearly 170,000 college students. The 2026 edition of Paying for College will provide guidance on completing the 2026–27 FAFSA as well as updates on changes in other financial aid forms and the methodologies by which aid awards are determined.
“As The Princeton Review begins its 44th year, the mission that drove the company’s founding in 1981 remains as vital and relevant today,” said Bob Batten, Chief Executive Officer. “Our full team is dedicated to education and to helping students reach their academic and career goals. We look forward to serving even more students in 2025 and we join with all who care about them and their promising futures.”
About The Princeton Review
The Princeton Review is a leading tutoring, test prep, and college admissions services company. Every year, it helps millions of college- and graduate school–bound students as well as working professionals achieve their education and career goals through its many education services and products. These include online and in-person courses delivered by a network of more than 4,000 teachers and tutors; online resources; more than 150 print and digital books published by Penguin Random House; and dozens of categories of school rankings. Founded in 1981, The Princeton Review is now in its 44th year. The company’s Tutor.com brand, now in its 24th year, is one of the largest online tutoring services in the U.S. It comprises a community of thousands of tutors who have delivered more than 27 million tutoring sessions. The Princeton Review is headquartered in New York, NY. The Princeton Review is not affiliated with Princeton University. For more information, visit PrincetonReview.com and the company’s Media Center. Follow the company on X (formerly Twitter) @ThePrincetonRev and Instagram @theprincetonreview.
All tests are registered trademarks of their respective owners. None of the trademark holders are affiliated with The Princeton Review.
CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by The Princeton Review. CFA® and Charted Financial Analyst® are trademarks owned by CFA Institute.
FAFSA® is a registered trademark of the U.S. Department of Education.
LSAT® is a trademark registered by Law School Admission Council (LSAC) which is not affiliated with, and does not endorse, The Princeton Review.
MCAT® is a registered trademark of the Association of American Medical Colleges.
PSAT/NMSQT® is a registered trademark of the College Board and the National Merit Scholarship Corporation, which are not affiliated with, and do not endorse, The Princeton Review or its offerings.
SAT® and AP® are trademarks registered by the College Board, which is not affiliated with, and does not endorse, The Princeton Review or its offerings.
WEBSITE: www.princetonreview.com
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SOURCE The Princeton Review
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Korean Buyers Invited to Connect with Chinese Suppliers at C-TOUCH & DISPLAY and FILM & TAPE EXPO 2026
Published
7 minutes agoon
October 20, 2026By
SHENZHEN, China, Oct. 20, 2026 /PRNewswire/ — Featuring Korea Day business matchmaking, next-generation display technologies and advanced functional materials, the October exhibitions offer Korean industry professionals new opportunities to explore suppliers and strengthen cross-border partnerships.
As demand grows for advanced displays, semiconductor technologies and high-performance materials, C-TOUCH & DISPLAY SHENZHEN 2026 and FILM & TAPE EXPO 2026 will welcome Korean buyers and industry professionals to Shenzhen, China, from October 27–29. The exhibitions will provide opportunities to discover new technologies, meet Chinese manufacturers and explore business partnerships across the electronics, display, automotive and advanced materials supply chains.
C-TOUCH: Exploring Next-Generation Display and Semiconductor Technologies
C-TOUCH & DISPLAY SHENZHEN 2026 will showcase technologies spanning OLED, Micro LED, flexible displays, touch panels, e-paper, commercial displays, automotive displays and AI+AR smart glasses. As display technologies converge with AI computing, optical communications and semiconductor packaging, the exhibition will connect Korean visitors with suppliers developing materials, components, manufacturing equipment and integrated solutions.
A key highlight is the TGV Glass Substrate Advanced Packaging Zone, where visitors can explore eight major process stages, including laser induction, etching, chemical vapor deposition (CVD), physical vapor deposition (PVD), electroplating, chemical mechanical planarization (CMP), coating and photolithography.
FILM & TAPE EXPO: Functional Materials for Electronics and Advanced Manufacturing
FILM & TAPE EXPO 2026 will bring together suppliers of functional films, optical films, protective and release films, polyimide (PI) films, adhesive tapes, optical clear adhesives (OCA), thermal-management materials and precision converting equipment.
The exhibition will also cover coating, laminating, slitting, rewinding, inspection and die-cutting technologies. These solutions support applications across consumer electronics, semiconductors, automotive electronics, batteries and energy storage, PCB/FPC and industrial manufacturing.
Korea Day: Connecting Korean Buyers with Chinese Suppliers
A major opportunity for Korean visitors will be Korea Day, a dedicated buyer–supplier matchmaking initiative designed to facilitate business connections between Korean industry professionals and Chinese suppliers.
The program will provide a focused setting for buyers to communicate their sourcing needs, explore relevant products and technologies, and discuss potential cooperation directly with suppliers. For companies seeking new sourcing options, manufacturing partners or materials for product development, Korea Day can help make exhibition visits more targeted and productive.
Easier Travel: China’s 30-Day Visa-Free Policy for South Korean Citizens
Travel planning has also become more convenient for eligible Korean visitors. Under China’s current unilateral visa-free policy, South Korean citizens holding ordinary passports may enter China without a visa for stays of up to 30 days for business, tourism, family or friends visits, exchange visits and transit.
The policy has been extended through December 31, 2026. Visitors should consult the Chinese Embassy in the Republic of Korea for the latest official guidance.
Register to Visit Shenzhen This October
C-TOUCH & DISPLAY SHENZHEN 2026 and FILM & TAPE EXPO 2026 will take place October 27–29 at Shenzhen World Exhibition & Convention Center in Bao’an, Shenzhen, China.
C-TOUCH & DISPLAY SHENZHEN 2026: Pre-register here
FILM & TAPE EXPO 2026: Pre-register here
About RX Kuozhan
RX Kuozhan is a joint venture between Reed Exhibitions and Kuozhan Exhibition Services (Shanghai) Co., Ltd., established in 2015. The company organizes a portfolio of industry-leading exhibitions serving the display, touch technology, functional films, adhesive materials, commercial display and advanced materials sectors. Through its exhibitions and industry engagement initiatives, RX Kuozhan connects manufacturers, technology providers, buyers and industry professionals, facilitating business partnerships, technology exchange and cross-industry collaboration in China and international markets.
For more information, please visit C-TOUCH & DISPLAY SHENZHEN and FILM & TAPE EXPO.
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SOURCE RX Kuozhan
Technology
What’s Next for Webull Corporation Shareholders After 19.09% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline
Published
7 minutes agoon
October 20, 2026By
Complaint alleges Webull Corporation misled investors between April 26, 2025 and October 6, 2026; investors may seek lead plaintiff role by December 7, 2026
LOS ANGELES, Oct. 19, 2026 /PRNewswire/ — Glancy Prongay Wolke & Rotter LLP (“Glancy”) announced today that the class action lawsuit covers investors who bought Webull Corporation (“Webull” or the “Company”) (NASDAQ: BULL) securities between April 26, 2025 and October 6, 2026. The Webull Corporation case, Ward v. Webull Corporation et al., was filed on October 8, 2026 in the U.S. District Court Middle District of Florida (Tampa) (Case No. 8:26-cv-03052).
Investors who suffered losses on Webull Corporation investments can submit their Webull Corporation loss information here before the December 7, 2026 lead plaintiff deadline.
Key dates in the Webull Corporation case
Class period: April 26, 2025 to October 6, 2026Complaint filed: October 8, 2026Lead plaintiff deadline: December 7, 2026
What happened?
On October 7, 2026, the bipartisan House Select Committee on China issued a report which found “a profound gap” between Webull’s public marketing as “an American company” and actual control of the alleged St. Petersburg, Florida-based firm. The committee reportedly found “Webull’s ownership architecture, technical workforce, technology infrastructure, cross-border data routing, corporate financing, and compliance frameworks are tied in structural ways to the People’s Republic of China.” The Select Committee also reportedly found that Webull initially told the Select Committee that it had no offices or employees in China, while Webull’s mainland China subsidiary in fact employed approximately 863 employees, or 62% of Webull’s global workforce.
Webull Corporation stock fell $1.39 or 19.09%, to close at $5.89 on October 7, 2026, thereby injuring investors.
What is the Webull Corporation lawsuit about?
The Webull Corporation securities lawsuit alleges that, between April 26, 2025 and October 6, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Webull Corporation’s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) Webull’s mainland China operations were not limited to research and development and technical support functions, but rather Webull’s software development, data pipelines, and core engineering depended on PRC-based personnel and on infrastructure subject to Chinese law; (2) Webull’s ownership structure, technical workforce, technology infrastructure, cross-border data routing, financing, and compliance structure were structurally tied to China; (3) as a result, Webull’s representations that its principal business operations were based in the U.S. and that its U.S. customer data was insulated from non-U.S. access materially overstated Webull’s independence from the PRC; and (4) as a result, defendants’ positive statements about Webull Corporation’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
“The complaint filed against Webull Corporation alleges that, among other things, the Company failed to disclose that Webull’s mainland China operations were not limited to research and development and technical support functions, but rather Webull’s software development, data pipelines, and core engineering depended on PRC-based personnel and on infrastructure subject to Chinese law. For investors who bought during the class period, the December 7, 2026 deadline is the first major step in this case,” said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What’s the next step?
Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Webull Corporation investors in potentially pursuing claims to recover their losses.
If you wish to serve as lead plaintiff in the Webull Corporation class action, you must move the Court no later than December 7, 2026. To learn more about your rights, visit the Webull Corporation case page, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).
You may retain counsel of your choice. If you bought Webull Corporation securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Webull Corporation case.
Frequently Asked Questions
Who is eligible? Investors who purchased or otherwise acquired Webull Corporation securities between April 26, 2025 and October 6, 2026 and suffered losses may be members of the proposed class in the Webull Corporation shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by December 7, 2026.
What is a lead plaintiff? In the Webull Corporation class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.
Do I have to be lead plaintiff to recover? No. A Webull Corporation investor’s ability to share in any future recovery does not depend on serving as lead plaintiff. Webull Corporation investors may take no action and remain absent class members.
What is the deadline? Motions to serve as lead plaintiff in the Webull Corporation class action must be filed by December 7, 2026.
Does it cost anything to contact Glancy or participate in this action? Glancy represents Webull Corporation investors on a contingency fee basis, which means investors pay no attorneys’ fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.
Can I choose my own lawyer? Yes. Webull Corporation investors may retain counsel of their choice.
Why work with Glancy on the Webull Corporation lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Webull Corporation lawsuit. Prior results do not guarantee a similar outcome.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360’s Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy’s successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
Webull Corporation case page, Glancy Prongay Wolke & Rotter LLPComplaint: Ward v. Webull Corporation et al., U.S. District Court Middle District of Florida (Tampa)Webull Corporation SEC filings index, EDGARGlancy Prongay Wolke & Rotter LLP
CONTACT:
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com
Follow Glancy on LinkedIn, X, or Facebook.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Glancy Prongay Wolke & Rotter LLP
Technology
NetDragon Partners with Jiuzhou Culture to Establish Joint Venture
Published
7 minutes agoon
October 20, 2026By
Takes Controlling Stake in AI Harness Business to Advance a Third Growth Engine
HONG KONG, Oct. 19, 2026 /PRNewswire/ — NetDragon Websoft Holdings Limited (“NetDragon” or the “Company”; Hong Kong Stock Code: 0777), a global leader in building internet communities, is pleased to announce that it has entered into a legally binding memorandum of understanding (“MOU”) with Jiuzhou Culture (“Jiuzhou”), a leading AIGC short drama production and distribution company in China, to establish a joint venture (“JV”) in which NetDragon will hold a 51% controlling interest. The partnership will focus on artificial intelligence technologies, AIGC-powered content creation and digital technology services, further expanding NetDragon’s AI application scenarios and commercialisation opportunities while accelerating the development of a new growth engine.
Deepening the Integration of AIGC and Content to Build a Diversified Digital Business Platform
Rapid advances in AIGC are continuing to reshape content creation, digital entertainment and software services. With the ongoing maturation of generative AI, large-scale AI models and AI agents, AI is evolving from a supporting tool into a productivity platform that can enhance the entire value chain, from content creation and production to operations and commercialisation. Through the JV Company, NetDragon and Jiuzhou will combine their complementary strengths in technology, IP, content and industry resources to accelerate the deployment of AIGC across real-world commercial applications.
Under the MOU, Jiuzhou will inject into the JV Company all intellectual property, technologies and assets relating to the AI Harness system business, laying a solid foundation for product development and commercialisation. NetDragon will contribute Hong Kong dollars cash equivalent to RMB 50 million to the JV Company, acquire a 51% shareholding interest and consolidate the JV Company’s financial results. The JV Company will focus on expanding foundational artificial intelligence software, large-scale AI models and the AI Harness system business. It is expected to serve as the first commercial validation platform in China for NetDragon’s “AI ecosystem co-creation” strategy, marking the launch of the Company’s third growth engine and laying the groundwork for the business model to be replicated and scaled across various sectors.
To accelerate the scalable commercialisation of the AI Harness business, the transaction also incorporates a multi-tiered, progressive performance-based incentive warrant scheme. NetDragon will issue 25 million unlisted warrants to Jiuzhou at an issue price of HK$0.10 per warrant share, to be granted in three tranches with initial exercise prices of HK$10, HK$12 and HK$15, respectively. The warrants will only become exercisable upon achievement of specified key performance indicators by the JV Company. Assuming full exercise of all warrants at the initial exercise prices, NetDragon will receive aggregate gross proceeds of approximately HK$314 million, which will supplement the Company’s development capital while achieving deep alignment of interests and shared equity upside with its strategic partner.
Strengthening AI Ecosystem Synergies to Drive a Third Growth Engine
As generative AI becomes increasingly integrated into content production, digital services and global operations, NetDragon and Jiuzhou will take this collaboration as a new starting point to fully leverage their complementary strengths and accelerate the commercialisation of AI capabilities, translating technological innovation into tangible business value. In recent years, NetDragon has continued to advance its AI strategy across AI+gaming, AI+education and enterprise intelligence, while actively exploring emerging AI businesses with the potential to establish independent commercial models. Jiuzhou, meanwhile, has built deep expertise in micro-dramas and digital content, with an integrated value chain spanning copyright operations, content creation, co-production, paid distribution and official distribution. It has also continued to expand the use of AIGC across content production, creation and operations. The two parties will further explore the deep integration of AI technology with the content industry, accelerating the implementation of AI capabilities in scenarios such as content generation, AI model applications, translation and localisation, platform operations, and enterprise technology services, to build scalable and sustainable business models.
Following the launch of the MOYU AI platform in August 2026, NetDragon’s investment and controlling stake in the AI Harness business marks another important step in increasing resource allocation to its AI business and broadening its long-term growth pathways. The performance-linked equity incentive collaboration with Jiuzhou is expected to establish a new model of strategic collaboration for NetDragon, enabling the Company and its partners to grow the business together and share in the value created. Looking ahead, NetDragon will remain focused on its core AI business, deepen technological innovation and resource integration, and leverage its established strengths in gaming and education alongside the emerging growth engine of AI ecosystem co-creation. Under this three-pronged strategy, the Company aims to continuously strengthen its core competitiveness, enhance long-term investment value, and deliver sustainable returns to shareholders.
About NetDragon Websoft Holdings Limited
NetDragon Websoft Holdings Limited (HKSE: 777) is a global leader in building internet communities, with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users. Over the desktop and mobile internet eras, NetDragon previously established China’s first online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless.
Established in 1999, NetDragon is one of the most reputable and well-known digital entertainment IP developers and operators in China with a history of successful flagship game titles deeply welcomed by users both at home and abroad. For more than a decade, NetDragon has also achieved success with its EdTech business both domestically and globally. Fully embracing the new AI era, NetDragon is driving its vision of “Infinite Growth” through AI-enabled digital entertainment and online learning, whilst building a systematic AI product methodology to create value growth.
NetDragon’s overseas edtech business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader in interactive technology and its award-winning interactive displays and software can be found in more than 2 million learning and training spaces across 126 countries.
About Jiuzhou Culture
Founded in 2021, Jiuzhou is a leading player in the online micro-drama industry, with an integrated business model spanning copyright operations, content creation, co-production, paid distribution and official distribution. The company has established a comprehensive, end-to-end content ecosystem designed to enhance operational efficiency and unlock synergies across the value chain. Embracing technological innovation, Jiuzhou actively integrates cutting-edge technologies such as AIGC to enhance content quality and creative capabilities. Its self-developed Moss tool has accelerated AI adoption across the entire value chain, leveraging technology to advance the development of the global short drama ecosystem.
In terms of content creation, Jiuzhou has accumulated the rights to more than 4,000 short dramas and has successfully distributed over 1,000 productions. Its portfolio spans more than 20 popular genres, including contemporary drama, romance, campus life, fantasy, suspense and historical fiction, catering to the diverse entertainment preferences of audiences in China and worldwide. By combining paid content, free-to-view short dramas and international expansion, Jiuzhou has developed a distinctive business ecosystem that strengthens its competitive position and drives continued innovation in the micro-drama industry.
Internationally, the company leverages its strengths in content production, audience reach and distribution networks to bring Chinese micro-dramas to global audiences while tailoring its offerings to local tastes and cultural preferences. Its flagship international platform, ShortMax, focuses primarily on North American and European markets, offering a wide selection of localized Chinese dramas and original productions. ShortMax is now available in more than 200 countries and regions worldwide, having achieved peak monthly active users (MAU) of over 30 million, more than 90 million cumulative registered users and 200 million downloads.
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SOURCE NetDragon Websoft Holdings Limited
Korean Buyers Invited to Connect with Chinese Suppliers at C-TOUCH & DISPLAY and FILM & TAPE EXPO 2026
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NetDragon Partners with Jiuzhou Culture to Establish Joint Venture
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