NetDragon's Chairman Dr. Liu Dejian Attended UN High-level Expert Group Meeting, Advocating "On-Demand Learning" ModeI and Reshaping Global Learning with AI+Education
HONG KONG, June 4, 2025 /PRNewswire/ -- NetDragon Websoft Holdings Limited ('NetDragon' or the 'Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, is excited to announce that Dr. Liu Dejian, Founder and Chairman of NetDragon, was invited to attend the United Nations ('UN') High-level Expert Group Meeting held at UN Headquarter in New York from June 3rd to 4th. Dr. Liu discussed topics related to establishing an Online University for STEM education in the Least Developed Countries ('LDCs') with UN officials and global educational leaders. As a special guest, Dr. Liu also delivered a keynote speech at the opening session, highlighting how 'AI + Education' can promote equitable and high-quality education in LDCs. Dr. Liu also shared NetDragon's various innovations and successful experiences in AI+ education, receiving warm feedback and strong recognition from the attendees.
In response to the key topics of the meeting, Dr. Liu Dejian proposed an 'On-Demand Learning' framework for STEM education and three key initiatives: encourage global developers to co-create open-source tools under the UN's leadership; call for global sharing of standardized STEM curricula and case studies; and encourage profound involvement from companies offering STEM-related career opportunities worldwide. The proposed framework features five core principles: breaking down complex tasks into clear steps, incorporating essential background knowledge in each step, embedding learning in real-world tasks, evolving in line with industry advancements, and being fully adaptable for localized content—aiming to create practical and inclusive STEM educational tools. These web-based tools are designed for both online and offline use, enabling learners to quickly apply what they have learned through real-world tasks, lowering entry barriers and building confidence. The concept aligns with the UN Online University's mission of promoting digitalized open education, while also coinciding with NetDragon's strategic vision in AI+Education:
AI Production Center: The 'Engine' of NetDragon's AI + Education Strategy. NetDragon has established an AI Production Center, powered by cutting-edge large language models (LLMs) and specialized AI tools. This system drives the creation of high-quality educational content through a fully automated, structured pipeline—from demand analysis to content generation and large database building. Each node-level AI agent functions independently, guided entirely by AI-defined rules without human intervention. Drawing from expert knowledge bases, these agents enable fully automated output. Currently, 100% of the Company's educational content creation involves AI assistance, with the production time for a typical high-quality lesson reduced to just one hour and marginal production costs lowered to the level of hundred RMB. The system also dramatically reduces the size of the employee team and the overall percentage of human intervention.
3E High-Quality Educational Content: The 'Arsenal' of NetDragon's AI+ Strategy. NetDragon defines its next-generation educational content by the '3E' standard: Effective, Efficient, and Engaging. These are the core goals of its R&D efforts, aiming to provide comprehensive, high-quality learning content across all subjects and stages to learners worldwide. Certain early-stage versions of 3E content have been publicly released through initiatives like 'Future Labs' and educational resource granules, which have received extensive welcome in the education community. The ultimate form of 3E content will be interactive educational games designed to foster immersive, learner-centered, exploratory education—delivering disruptive innovation to traditional teaching models.
EDA Education Metaverse: The 'Battlefield' of NetDragon's AI+ Strategy. Looking ahead, NetDragon's AI Production Center will feed a growing repository of 3E educational content into EDA—its vision for an education metaverse. EDA aims to build a borderless global learning community rooted in three principles: technology democratization, resource co-creation, and the incentive mechanism. EDA seeks to redefine the essence of learning through an intelligent learning system, enabling on-demand learning with 'learning as entertainment' as the ultimate goal. The MHESI Skill platform ( www.mhesi-skill.org ), an AI education platform co-developed by NetDragon and Thailand's Ministry of Higher Education, Science, Research, and Innovation ('MHESI'), has been officially launched recently. It offers EV-focused training programs to the youth in Thailand. This platform represents a highly customized and locally deployed model of EDA.
EDA aims to achieve co-management by global users and create a decentralized learning community in the future. Every learner's contribution will be recorded and converted into verifiable digital assets. Through a dual reward system—combining digital assets and achievement badges—EDA will incentivize continued contribution to and growth of the community. This blockchain-powered ecosystem also ensures that NetDragon's continued R&D efforts can be fully converted to market value.
Dr. Liu Dejian, Founder and Chairman of NetDragon, commented: 'This UN meeting gave us the opportunity to introduce a forward-looking framework that aligns closely with NetDragon's vision and experience in tackling STEM education challenges in LDCs. It also marked the first time we publicly presented our strategic vision of EDA on the international stage. Moving forward, our AI Production Center will deliver 3E educational content and immersive, exploratory learning environments to learners worldwide. These innovations will transform traditional teaching practices, potentially attracting tens of millions of global users. Through a highly innovative community ecosystem, we expect to create tremendous commercial and social value. In the desktop and mobile internet eras, we created two ultra-active online communities—17173.com and 91 Wireless. Today, we are just as confident and excited about building a super large global learning community in the AI era.'
About NetDragon Websoft Holdings Limited
NetDragon Websoft Holdings Limited (HKSE: 0777) 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, including previous establishments of 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 online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved, Conquer Online and Under Oath. In the past 10 years, NetDragon has also achieved success with its online education business both domestically and globally, and its overseas education 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 1 million learning and training spaces across 126 countries.
For investor enquiries, please contact:
NetDragon Websoft Holdings Limited
Ms. Maggie Zhou
Senior Director of Investor Relations
Email: [email protected] / [email protected]
Website: ir.netdragon.com
View original content to download multimedia: https://www.prnewswire.com/news-releases/netdragons-chairman-dr-liu-dejian-attended-un-high-level-expert-group-meeting-advocating-on-demand-learning-modei-and-reshaping-global-learning-with-aieducation-302473114.html
SOURCE NetDragon Websoft Holdings Limited
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Dan Ives Says Market Is 'Massively Underestimating' This AI Play, Urges Investors To Look Beyong Mag 7
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dan Ives' new artificial intelligence exchange-traded fund (ETF) holds securities beyond the Magnificent 7 stocks, as he believes in looking past valuations for investments in the technology sector. What Happened: The Dan IVES Wedbush AI Revolution ETF (NYSE:IVES), managed by the Wedbush analyst, started trading on June 4, earlier this month. Ives boasts of the fund by saying that it just doesn't have the top four, five Magnificent 7 names, but stocks which investors wouldn't even thematically consider as an AI name today. "I believe the market is still massively underestimating what the growth is going to look like for the AI revolution in tech," he told CNBC. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — According to him, tech trade remains significant even for the investors who missed out on its growth in the past few years. "If you focus just on valuation, you miss every transformational tech stock of the last 20 years," Ives said. Ives says Oracle Corp. (NYSE:ORCL) will be the 'epicenter' of the AI theme, while highlighting other 'AI 30' stocks which are part of his fund. Palantir Technologies Inc. (NASDAQ:PLTR), International Business Machines Corp. (NYSE:IBM), Salesforce Inc. (NYSE:CRM), SoundHound AI Inc. (NASDAQ:SOUN), and Innodata Inc. (NASDAQ:INOD) are a few notable names that are a part of his ETF's 'AI 30' basket. Microsoft Corp. (NASDAQ:MSFT), Nvidia Corp. (NASDAQ:NVDA), and Broadcom Inc. (NASDAQ:AVGO) are the top three holdings of the IVES It Matters: The 'AI 30' stocks, which are a part of the IVES ETF, hold the AI plays from multiple industries. They include hyperscalers, cybersecurity, consumer platforms, and robotics. According to Ives, the list was compiled from his deep dives into major AI players. The ETF has $183 million in assets under management as of June 17 close. Ives said that the AI space was experiencing a "golden age." The Dan IVES Wedbush AI Revolution ETF has risen by 2.76% since its inception. A comparable index, S&P Kensho Global Artificial Intelligence Enablers, rose 6.08% on a month-to-date basis. Meanwhile, the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, declined slightly on Wednesday. The SPY was down 0.015% at $597.44, while the QQQ was 0.017% lower at $528.99, according to Benzinga Pro data. Read Next: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Shutterstock This article Dan Ives Says Market Is 'Massively Underestimating' This AI Play, Urges Investors To Look Beyong Mag 7 originally appeared on
Yahoo
2 hours ago
- Yahoo
Here's Why Jeff Bezos Only Paid Himself an $80,000 Salary From Amazon
The name Jeff Bezos is synonymous with Amazon and as a multi-billionaire. Although he's one of the richest people in the world, he's only paid himself a salary of $80,000 for around 20 years, according to the New York Times. Discover Next: Find Out: When asked why during an interview by the New York Times, Bezos said that he 'just didn't feel good about taking more' money when he 'already owned a significant amount of the company.' He said in the interview that he felt that he had 'plenty of incentive' since he owned more than 20% of Amazon and had gone down 10% since he started selling off his shares, and doesn't need any more wealth. Of course, as Amazon continues to remain profitable, his shares of Amazon keep increasing in value and are still making billions for him. Bezos isn't the only leader from a major corporation who has paid themselves a low salary. Here are a few. The Google co-founder reportedly pays himself a paltry $1 annual salary since 2004, when Google went public. He earns more from Google since Brin owns millions of Class A shares, which are used to have an ownership stake in the company. He also has thousands of Class B shares (which still have some voting rights) from the tech giant. The former CEO of Oracle has also paid himself a $1 annual salary, but owns around $90 million in stock options. Ellison also receives 'other compensation' equally, around $5 million. See Next: As the founder and former CEO of Whole Foods, he, too, earns $1 per year — it seems like a popular number. He has paid himself this amount since 2007. Due to his ownership in the grocery chain, he receives much higher compensation, not just through a salary. The co-founder and CEO of Facebook earns a higher salary than most on this list at $600,000. Yeah, that's a big number to most of us, but in comparison to other CEOs and what Facebook itself brings in, it seems small by comparison. In other words, some CEOs are getting paid multi-million-dollar salaries, while Zuckerberg is paid a fraction of that. Hayne is the president and CEO of Urban Outfitters, a fast fashion and lifestyle chain with locations all over the world. He, too, has opted for a $1 per year salary. However, he technically earns more than his base salary, as he gets a $5,000 bonus and $1 million from a non-equity incentive plan participation. What this means is that this compensation is based on Hayne's performance at his job and is not at all tied to his salary. Meaning, he could still earn a significant amount of money in his role at Urban Outfitters, but not a steady amount. More From GOBankingRates 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on Here's Why Jeff Bezos Only Paid Himself an $80,000 Salary From Amazon Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
How global art auctions expose FX fees imbalance
Imagine for a minute that you were the winning bidder last year for Claude Monet's Nymphéas. It sold last year at Sotheby's, New York after a competitive bidding war lasting only 17 minutes. And the price? $65.5m. That is just for starters. One might be forgiven for thinking that the auction house commission for the sale would be paid by the seller. One would of course be wrong. There is the buyer's premium to calculate. In this case, if Sotheby's standard fees applied, that means a 27% buyer's premium for works up to $1m; 22% for the part of the transaction between $1m-$8m and 15% for the balance above $8m. The Monet is now going to set back the buyer almost $76m. And there is more to come. Let us also imagine that the buyer is based in the UK and is working through his or her bank, say one of the traditional big four banks. The bank will typically add to the cost of the Monet by charging an FX fee of at least 2%, probably closer to the 3% to 4% range. Even at the midpoint of the FX fees scale, that adds about another $2.3m to the final cost to the buyer. For the sake of brevity, let us avoid the tricky question of VAT on the buyers premium or VAT on imported works of art and just focus on FX fees. The total cost of the Monet in question, including VAT, is now way over $80m for a UK buyer. A saving on the FX fee is do-able and it is almost akin to negligence if the theoretical winning UK bidder uses a traditional bank and meekly pays a 3%-4% FX fee. It also offers disrupters in the market such as iBanFirst, an outstanding market opportunity to highlight the benefits of its smarter, fairer FX fees structure. Vivek Savani, UK Country Manager at iBanFirst, is on a mission to address the imbalance in the FX market. 'Whether we're talking about high-net-worth individuals or not, the foreign exchange imbalance is an unnecessary premium that really doesn't represent smart financial management. It also affects businesses. And I think when we look at it, there are exorbitant fees and premiums built into FX pricing and services that many banks offer. 'Over 70% of businesses are still using their bank. If we extrapolate that to the private market for individuals, it's probably vastly more than 70% moving up towards 80% and 90% of individuals that have currency transfers and requirements, that are using their bank. And it's there that these fees really start to kick in. Typically, they may charge between 2% to 4% and ultimately, that's a really, really high price to pay for, ultimately what is quite a straightforward transaction. And they offer, essentially an execution only service. They seldom offer the quite bespoke service that many of these individuals and businesses require. So yeah, I'd say it's quite a vast problem.' To suggest that the global art market is struggling, as some have claimed, might be stretching it a little. If you want a quick but comprehensive summary of the sector, the annual Art Basel and UBS Global Art Market Report 2025 by Arts Economics is a good starting point. It reveals that the global art market recorded an estimated $57.5bn in sales in 2024. The number of transactions grew 3% year-on-year, demonstrating continued interest from collectors worldwide. On the other hand, that total for the year of $57.5bn is down by 12% y-o-y. The US and UK continue to lead the way with 43% and 18% respectively of global sales by value. But their 2024 sales of $24.8bn and $10.4bn are down by 9% and 5% respectively. Given the decline in the total value of art sales, Savani argues that it is time for the art world to start paying closer attention to FX and says this could support the entire ecosystem. It would encourage higher bids for auction houses/dealers, support a better seller experience and increasing buyer strength. And he highlights the support iBanFirst provides in the global art market and says that its business model, built around close relationships, mirrors the art world. Specifically, iBanFirst can help buyers and sellers better track payments, meaning that they are better equipped when it comes to buying and selling based on the real-time cost of currency. 'Purchasing art is a sizable investment for many people, and those fees add to the overall cost of that transaction. They're quite opaque. So ultimately, I would argue that this really deters many people from potentially participating in an overseas auction. It erodes confidence and penalises the sellers potentially from having a wider audience to bid on those particular pieces of art. Having overall transparency would really encourage people to participate and help the sellers and help the buyers at the same time, as well as the intermediaries, the brokers and the auction houses that are a central part of that particular ecosystem.' Savani says that there has been a rise in levels of interest in working with FX specialists instead of banks for such international transfers and in the specialist service that bespoke disruptors can offer. But he adds: 'It's not moving at as quick a pace as one would hope. From the consumer perspective, we want to work with more individuals, more dealers, more brokers, to try and bridge that gap. It is improving. There's still a lot of work to be done, and we hope that we can get the message out there that there is an alternative to the bank. There are better levels of service, of convenience, of information, of assistance that are out there.' Savani summarises the iBanFirst proposition as offering a combination of technology mixed with the human touch. 'We have a really nice piece of technology. Many clients find the platform really convenient, very easy to use, and very different to what a banking system would offer them. We also offer that human touch, so someone that is there to speak to the client from the beginning of the transaction right until the end. And this is something that is really missing from a banking solution and many of our competitors. 'That is, a specialised individual that can provide guidance in terms of setting up the transaction, even more insight and a real, healthy overview of what's happening in the market at any particular time. Ultimately, we hold the hand of the client from the beginning until the end. And that is a very important feature, I would say, when it comes to these high value transactions. They're not small amounts of money, and it's a comfort for clients to know there is someone at the end of a phone that will help them with any situation, whether it's funds, whether it's the payment, whether it's making the transaction, the FX piece.' Founded in 2013 and headquartered in Belgium, iBanFirst is regulated as a payment institution, passported throughout the EU and is a serious competitor to the traditional bank offering for SMBs. Its core banking platform offers fast and secure multicurrency transactions and it wins on cost versus banks, thanks to no setup fee, no tiered monthly subscription costs and no transfer fees. Savani says that what the client sees is exactly what the client pays. The iBanFirst pricing structure is designed with scaling international businesses in mind. iBanFirst gives a standard exchange rate spread that applies across all of a client's transactions. This means they can predict their costs even as payment values increase, rather than watching fees eat away at profits. Its offering best suits established small and medium businesses that are outgrowing entry level payment providers and that need advanced tools for things like FX risk management. It will suit importers and exporters with international supply chains seeking the tools and expertise to manage complex payments, that do not want fees eating into their margins. And it suits wholesalers who rely on FX risk management tools that crave detailed payment tracking and hands on responsive support. What's more, iBanFirst clients are able to track international payments every step of the way, with detailed, timestamped updates and tracking links that clients can share with their partners and suppliers. This is, however, a competitive market, and iBanFirst is competing with some serious players. For example, Wise Business can claim that it keeps things simple, both in terms of pricing and functionality. It targets both individual consumers and businesses, especially those looking for a cost-effective solution. On the other hand, once you are regularly moving over, say, €100,000 euros annually, across borders, iBanFirst would argue that Wise's per transaction fees soon start adding up. And if a business is growing, foreign currency risks will become more of a concern. Wise doesn't offer the kind of FX risk management tools or dedicated support that iBanFirst offers to protect margins from exchange rate swings. Another competitor is Airwallex, a cross-border payment provider that offers multi-currency accounts. Airwallex is a payment gateway allowing e-commerce businesses to collect online payments, and it offers virtual and physical cards for expense management. On the other hand, it's a more complex platform, and its features are plan dependent, that may require a steep learning curve for some users. And iBanFirst might argue that the Airwallex pricing structure is not the most SMB friendly. Another competitor is Payoneer, which specialises in facilitating payments to and from freelancers, contractors and online sellers. But with a split focus across multiple audiences, freelancers, businesses and marketplaces, Payoneer, arguably isn't so focused on developing solutions that meet the specific needs of SMBs. And then there is Ebury. Ebury offers forward contracts and other FX hedging tools and offers mass payment capabilities for handling multiple international transactions. However, its complex tailored pricing structure can make it harder for businesses to predict costs or compare Ebury to other providers. In addition, iBanFirst may argue that the Ebury platform is not so user friendly, making it harder to integrate into a modern tech stack. Two other competitors are Convera and Revolut. Convera does suit large businesses with more complex FX needs across multiple countries, but some SMBs may find the Convera platform overwhelming and potentially more expensive than alternatives like Wise or iBanFirst. And finally, there is Revolut. It features a tiered monthly subscription model and each plan comes with a monthly allowance for currency exchanges at the interbank rate. Revolut business does work well for companies that want a single platform to handle most of their financial needs. So, it does have a lot to offer in terms of functionality, but iBanFirst could argue it's not a specialised tool for a specific business type, because it tries to cater to vastly different audiences. Accordingly, some clients may find themselves paying for features that are not relevant to their business needs. And Savani can argue that if human support is a must have, iBanFirst can win against any of what is a very competitive peer group. "How global art auctions expose FX fees imbalance" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.