26 April 2019

Hon Hai joins venture on education applications, paper says

Taiwan’s Hon Hai Precision Industry Co. Ltd. said its subsidiary company Foxteq Holdings Inc. will form a joint venture with NetDragon Websoft Inc. (00777.HK) and Vision Knight Capital (China) Fund I, L.P, China Times reported Thursday. The three companies will cooperate in online education applications and related businesses. The first phase of the venture will involve an investment of US$33 million and is expected to be in place by March next year, the report said.

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