Mumbai / Bangalore – November 11, 2013
Foxconn, world’s leading manufacturer of computer components and systems, has announced their joint venture with China-based games developer Netdragon Websoft and investment firm Vision Knight Capital (China) Fund through its subsidiary Foxteq Holding. Foxconn will invest a total of US$33 million.
The new joint venture will focus on developing education tablets. The products will initially target China and gradually expand to other countries in Asia.
Foxteq will have a 45% stake in the joint venture, Netdragon 49% and Vision Knight 6%.
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About Foxconn
Foxconn was established in 1974 and has grown to become the largest ODM in the world with nearly 1,000,000 employees and revenues in excess of USD 100 billion. Foxconn’s customer base includes many famous brands in computing, communications and consumer electronics, for example; Apple, Cisco, Dell, HP, Nokia and Sony. With expertise in design and manufacturing, Foxconn’s Channel Division is able to bring barebones and component products to channel customers around the globe, giving them the freedom to create their own solutions. To learn more, visit: www.foxconnchannel.com
