The listing of WENGE AI (01956) on June 26th has injected fresh vitality into the domestic large AI model landscape. The stock opened at HK$110 per share, a significant 81% surge from its IPO price. As a benchmark enterprise deeply rooted in core AI technologies and focused on industry-specific intelligent applications, its market debut not only validates the market value of robust AI tech but also spotlights its ecosystem of deeply integrated strategic partners. Among these, the strategic alliance between NETDRAGON (00777) and WENGE AI stands out as a representative model of cross-industry collaboration within this AI innovation surge, offering investors a clear view into NETDRAGON's steadfast commitment and forward-looking vision in the AI arena.

Prior to the listing, NETDRAGON had already established a deep strategic partnership with WENGE AI, initiating a two-way collaboration empowering both technology and market access. Leveraging its Hong Kong subsidiary, Cherrypicks, NETDRAGON formed an exclusive strategic alliance with WENGE AI, securing an exclusive cooperation model for regions outside mainland China. This makes Cherrypicks the sole overseas platform and commercial partner for WENGE AI in international markets. Beyond superficial project ties, this partnership achieves a deep integration of capital, technology, and resources: WENGE AI made a strategic investment in Cherrypicks, contributing its proprietary "YAYI" large model and intelligent algorithm resources, while NETDRAGON leverages its mature overseas channels and industry implementation experience to propel domestic AI technology onto the global stage. Focusing on core sectors like public services, finance, healthcare, and education, the partners jointly develop AI solutions tailored for international markets, pioneering a new paradigm of 'mainland core AI tech + Hong Kong international operations' for global expansion, thereby aiding Chinese AI innovation in deepening its global market presence.

Expanding the AI Partnership Network

The collaboration with WENGE AI represents a crucial piece in NETDRAGON's broader AI strategic puzzle. For years, NETDRAGON has adhered to an open and collaborative AI ecosystem philosophy, continuously engaging with leading domestic tech firms and national-level educational institutions. This builds a comprehensive AI cooperation matrix characterized by 'domestic technology development + global scenario implementation,' ensuring AI technology is rooted in real-world industrial contexts to achieve deep empowerment and iterative upgrades across diverse fields.

Multi-Tiered AI Strategy in Education

Within the core smart education sector, NETDRAGON has established a multi-layered, three-dimensional AI cooperation system with particularly notable results. Domestically, NETDRAGON has deepened its collaboration with ByteDance's Volcano Engine. Utilizing advanced AI capabilities like Volcano Engine's Doubao 2.1 large model and SeeDance 2.5, they jointly built an education AIGC production system. This enables the large-scale, high-quality generation of a full spectrum of educational resources—courseware, micro-lessons, exercises, teaching cases—significantly lowering the production threshold and cost of quality educational content. Concurrently, leveraging AI capabilities for intelligent content creation, learning analytics, and personalized tutoring, NETDRAGON is comprehensively upgrading its smart teaching products to create AI-powered smart teaching solutions suitable for domestic schools.

Furthermore, NETDRAGON has established a long-term, in-depth partnership with the National Center for Educational Technology. Aligned with the national education digitalization strategy and leveraging national-level educational platform resources, they jointly promote the deep integration of AI technology with basic and vocational education. NETDRAGON participates in key national projects such as the public smart education platform and virtual labs for primary and secondary schools, assisting schools nationwide in their AI-driven teaching transformation and empowering the implementation of inclusive and smart education.

While deepening its domestic AI education market, NETDRAGON continues to advance its overseas AI education布局. It has secured an official strategic partnership with Thailand's Ministry of Higher Education, Science, Research and Innovation, becoming its core AI education technology partner. Focusing on the digital upgrade needs of higher education in Southeast Asia, the two parties are jointly developing localized AI smart campus solutions, intelligent teaching systems, and digital talent cultivation frameworks tailored to the local educational context. This exports localized AI education solutions, assisting Thai universities in achieving teaching intelligence, management digitization, and resource democratization. It also successfully establishes Chinese AI education technology and standards in a key Southeast Asian market, solidifying NETDRAGON's leading position in the global AI education sector.

Broadening AI Applications Beyond Core Businesses

Beyond its primary gaming and education businesses, NETDRAGON continues to expand the boundaries of AI collaboration, deepening its ecosystem布局 in cultural-tech and enterprise services. Drawing on its years of experience in internet product R&D, IP operation, and cloud services, the company is gradually opening its self-developed, deeply integrated AI Production Center—previously embedded in its core production workflows—to external partners. By collaborating with AI innovation firms both domestically and internationally, it integrates generative AI and intelligent interaction technologies into digital cultural product development, optimizing user experience and innovating content formats.

Simultaneously, leveraging diverse partnership resources, NETDRAGON is deepening its focus on enterprise intelligent services. It provides lightweight, customized AI digital transformation solutions for government and corporate clients globally, covering areas like office automation, scenario digitization, and service refinement, thereby continuously expanding the commercial boundaries of AI technology.

Forging a Complete AI Industrial Value Chain

It is reported that NETDRAGON is preparing to launch a global AI capability aggregation platform for users worldwide. This platform will support access to a vast array of high-quality large AI models, offering intelligent recommendations and expert-level user demand analysis to help users easily identify the most cost-effective AI capabilities, thereby comprehensively enhancing work efficiency and output quality.

From partnering with WENGE AI to tackle the AI global expansion track, to collaborating with global partners to deepen applications in education, cultural-tech, and enterprise services, NETDRAGON's AI strategy consistently revolves around the core tenets of 'technology implementation, ecosystem symbiosis, and long-term value creation.' NETDRAGON insists on being scenario-demand driven, with technological innovation at its heart. Leveraging its global operational advantages and mature industry implementation capabilities, it transforms cutting-edge AI technology into implementable, profitable, and iterable industrial outcomes. This constructs a complete AI industrial闭环 encompassing 'technology R&D + scenario application + global commercialization.' By driving industrial upgrade through technological innovation and unleashing long-term value through ecosystem共赢, NETDRAGON continues to accumulate strength and break through in the global wave of AI scientific innovation, demonstrating the innovative resilience and development potential of Chinese technology enterprises.