Foxconn 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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