NetDragon Launches Self-Developed AI Platform Targeting SMEs, Gaming and Education Segments Show Growth Momentum
SingTao · 1 SOURCESabout 4 hours ago7 MIN
Summary
Hong Kong-listed NetDragon (stock code: 777) unveiled its self-developed AI platform called "Muyu AI" in August, positioning it as enterprise-grade AI infrastructure to support small and medium enterprise entrepreneurship. Vice Chairman Leung Nien-kin (梁念堅) emphasized that the platform differentiates itself by training industry-specific models on top of existing large models, addressing three critical pain points: high costs, insufficient industry knowledge, and data security concerns. The platform supports local deployment and runs on terminals like computers and smartphones, effectively safeguarding data security for clients such as schools.
Key Points
- NetDragon launched "Muyu AI" in August 2026 as an enterprise AI infrastructure platform, targeting SME customers seeking to leverage AI for business development .
- The platform features a "Model Scheduling Layer" that automatically matches the most suitable large model based on customer needs and task urgency, offering flexible pay-per-use pricing to significantly lower entry barriers for SMEs .
- NetDragon has applied AI technology to its gaming business for two to three years, achieving significant results including AI-driven art generation, code development, user behavior analysis, and rapid content localization for overseas market expansion .
- The company possesses a user base of over one million classrooms in its education segment, serving as a core vehicle for AI service deployment, though challenges remain including lagging hardware updates, uneven school resources, and varying regulatory approaches across different regions .
- NetDragon recorded a RMB 130 million impairment loss from cryptocurrency investments in the first half of the year due to a sharp decline in Ethereum prices, along with RMB 90 million in workforce optimization expenses, creating pressure on profitability .
Why It Matters
The launch of Muyu AI represents NetDragon's strategic pivot from a gaming and education company into an AI infrastructure provider, potentially opening new revenue streams beyond its traditional segments. For Hong Kong SMEs, the platform's flexible pricing model and local deployment capability could democratize access to AI technology that was previously accessible only to large corporations with substantial IT budgets. The company's experience with over one million classrooms positions it well to demonstrate AI applications in education, a sector where Hong Kong has received government funding but faces challenges in unified implementation and awareness .
The launch of Muyu AI represents NetDragon's strategic pivot from a gaming and education company into an AI infrastructure provider, potentially opening new revenue streams beyond its traditional segments. For Hong Kong SMEs, the platform's flexible pricing model and local deployment capability could democratize access to AI technology that was previously accessible only to large corporations with substantial IT budgets. The company's experience with over one million classrooms positions it well to demonstrate AI applications in education, a sector where Hong Kong has received government funding but faces challenges in unified implementation and awareness .