The funds have been secured for NetDragon’s*online education subsidiary; it*will*be used to accelerate product development The online education subsidiary of China’s*NetDragon yesterday announced that it has raised US$52.2 million in Series A funding, with participation from*IDG Capital Partners, Vertex Venture, and Shenzhen-listed animation producer Alpha Animation. The new round values the*subsidiary at*US$477.5 million. The funds...
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