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Wireless

Foxconn establishes education tablet JV

Friday 1 November 2013 | 01:06 CET | News
Chinese electronics contractor Foxconn Electronics (Hon Hai Precision Industry) has entered into a joint venture with Chinese games developer Netdragon Websoft and investment firm Vision Knight Capital (China) Fund. Through its subsidiary Foxteq Holding, Foxconn will invest a total of USD 33 million in the joint venture, which will focus on developing education tablets. The products will initially target China and then gradually expand to other Asian countries, The Digitimes wites. Foxconn has a 45 percent stake in the JV, Netdragon 49 percent, and Vision Knight will have a 6 percent stake.

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Categories: Mobile & Wireless
Companies: Foxconn / Hon Hai Precision Industry / NetDragon Websoft
Countries: China
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