NetDragon Announce 2016 Profit Results

Chinese videogame developer and mobile app company Netdragon have announced their fiscal results for 2016. Overall profit is up by 119%, some of which has been driven by the virtual reality (VR) and Augmented Reality (VR) products the company has produced.

Netdragon have done well out if their mobile games applications like Heroes Evolved, which achieved the status of top downloaded mobile game on the Tencent Open Platform. Netdragon also produce VR titles such as VR Tiger Knight. Netdragon have announced that they are planning to release a further five games over the course of 2017.

Mr. Dejian Liu, Chairman of NetDragon, commented: “In 2016, the Company also focused on investing and strengthening our technology capabilities. Our AR and VR technologies have enabled us to enhance our content development in both gaming and education products. With these technologies, both of our gaming and education platforms are becoming uniquely attractive to our users and were able to maintain a high level of user engagement.”

The company have confirmed that they plan to remain committed to exploring VR and AR technologies and have further VR titles in the pipeline. Netdragon have also invested in VR use in education, having hosted the 2017 Workshop on Virtual Reality and Immersive Learning at Harvard University and are planning to host further event on learning event on Hong Kong at the end of March.

VRFocus will continue to keep you up to date on Netdragon.