NetDragon to take 51% control of AI joint venture with Jiuzhou Culture
NetDragon signed an MOU with Jiuzhou Culture to form an AI joint venture, with NetDragon holding 51% after contributing RMB 50M in cash.
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what happened
According to TradingView, citing a press release distributed by PR Newswire, NetDragon Websoft Holdings has entered a memorandum of understanding with Jiuzhou Culture to set up a joint venture focused on artificial intelligence. NetDragon will contribute RMB 50 million and hold 51% of the venture, which will be consolidated into its reported results.
Jiuzhou will bring in its AI Harness assets, meaning existing technology and intellectual property. Jiuzhou will also receive 25 million unlisted, performance-based warrants. Their initial exercise prices are HK$10, HK$12 and HK$15.
why it matters
The cash outlay is modest for majority control, but the deal marks an effort to build a third growth line beyond gaming and education. Key signals to watch include the venture hitting its targets, revenue from AI Harness and disclosure of monetization data. Dilution would arise only if the targets are met. An automated summary of the source estimates warrant exercise proceeds could total about HK$314 million.
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- NetDragon Websoft Holdings Limited Takes 51% Control of AI JV With Jiuzhou — TradingView, 20 October 2026 at 02:50 UTC
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