Chinese education gains in international markets

CHINESE education service provider Elernity, a subsidiary of Chinese gaming company NetDragon Websoft Holdings Ltd, said on Tuesday it has gained momentum in foreign markets, driven by overseas acquisition and cooperation. NetDragon CEO Xiong Li said the company’s business has expanded to 192 countries and regions, with more than 100 million users and 12 million teachers using its products. “Our overseas business is mainly through mergers and acquisitions. With M&As, our business soon expanded to many countries across the world,” Xiong said during this year’s Global Education Summit, an event held by TAL Education Group.