Tag: WEB

ENT Fashion GAM MEN

NetDragon Online Education Subsidiary Raises US$52.5 million in Series A Funding

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HONG KONG, Jan. 6, 2015 /PRNewswire/ — NetDragon Websoft Inc. (“NetDragon”, Stock Code: 777), a leading mobile Internet platform developer and operator in China, today announced the signing of a definitive stock purchase agreement for a US$52.5 million Series A equity funding round for its online education subsidiary with participation from international investors that include IDG Capital Partners, Vertex Venture (wholly-owned subsidiary of Temasek Group) and Shenzhen-listed animation producer Alpha Animation. With the proceeds from this round that will value its education subsidiary group at US$477.5 million on a fully-diluted basis, NetDragon plans to accelerate the product development of its online/mobile education ecosystem platform and solidify its first mover advantage in the design of a disruptive education solution that truly addresses the needs of students, teachers and parents.    

NetDragon is building a lifelong education ecosystem by developing K-12, vocational, non-academic credential and lifelong educational products by leveraging mobile internet technologies to disruptively enhance the learning environment, using gamification models to make learning fun, and applying user behavioral analysis to deliver innovative pedagogical approaches. 

Mr. Dejian Liu, Chairman and Executive Director of NetDragon commented, “We believe the education industry is ripe for a major change. There is a strong and ever-growing need for a mobile educational platform that creates true educational value and makes people want to come back to learn more. We at NetDragon are fortunate to be in a very unique position to build such a product with our proven world-class mobile internet and gaming expertise, large-scale technology resources and team infrastructure that we have built out of scaling several successful businesses over the many years since our inception.”

Mr. Liu added, “We are excited to have the opportunity to work with these excellent partners as we continue to intensify our effort to develop the best educational products that truly changes peoples’ lives. Both IDG and Vertex are amongst the most successful global venture capital investors in the mobile internet space, and their investment is a strong vote of confidence in our vision and execution capabilities.  Alpha Animation is one of the leading and most influential animation content production companies in China, and we believe their support as a strategic investor will create valuable synergies in the areas of content and branding that will greatly enhance our educational offerings.

Mr. Dongliang Lin, Partner at IDG Capital Partners commented, “We are very pleased to continue our cooperation with NetDragon to make such a transformational impact in the online education field. We believe NetDragon is at the forefront of this field with its holistic ecosystem approach to address the deeply-rooted fundamental issues in our education system, and we are confident that the era of mass-scale personalized mobile learning will arrive with the efforts of the NetDragon team.”

Mr. Tay Choon Chong, Managing Director and Chief Investment Officer of Vertex Venture added, “We are very excited to participate in NetDragon’s latest online education business venture. Education is crucial to an individual’s development and is pivotal to improving one’s quality of life. However, not much innovation has happened in this sector over the past many years. Mr. Dejian Liu has always had the vision to develop and apply technology ahead of the rest. We believe he will successfully lead NetDragon this time round to disrupt this sector and bring huge value to educating our future generation!”

Mr. Dongqing Cai, Chairman of Alpha Animation added, “We are extremely delighted to partner with NetDragon in this rare opportunity to invest in an unique business model being operated by a team with an unparalleled track record under the visionary leadership of Mr. Dejian Liu who has repeatedly created and scaled several businesses with huge success. Alpha Animation’s vision to provide children with happiness is directly aligned with NetDragon’s vision of a product that makes mobile learning both highly effective and fun.  As China’s leading animation and entertainment company, we are confident that this highly synergistic partnership will bring about significant value to shareholders of both companies.”

About NetDragon

NetDragon Websoft Inc. (HKSE: 0777) is a leading innovator and creative force in China’s mobile internet industry. Established in 1999, NetDragon is a vertically integrated, cutting-edge R&D powerhouse with a highly successful track record which includes the development of flagship MMORPGs such as Eudemons Online and Conquer Online, China’s number one online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless, which was sold to Baidu in what was at the time the largest internet M&A transaction in China in 2013. Being a China’s pioneer in overseas expansion, NetDragon directly operates a number of game titles in over 10 languages internationally since 2003. In recent years, NetDragon has also become a major player in China’s online and mobile education industry as it works to leverage its mobile internet technologies expertise and know-how to develop a game-changing education ecosystem product.

For investor enquiries, please contact:

NetDragon Websoft Inc.

Ms. Maggie Zhou
Senior Director of Investor Relations
Tel:     +852 2850 7266 / +86 591 8754 3120
Email:   maggie@nd.com.cn; ndir@nd.com.cn
Website: www.nd.com.cn/ir

Fashion

Vipshop and The Economist Intelligence Unit Release Report on the Online Buying Power of Female Consumers In Asia

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Nearly 90 Percent of Asian Women Surveyed Buy Clothing and Accessories Online While 63 Percent of Respondents Browse Online Shops Daily

GUANGZHOU, China, Dec. 16, 2014 /PRNewswire/ — Vipshop Holdings Limited (NYSE: VIPS, vip.com), the largest online discount retailer for brands both in China and globally, as well as the No.1 female-oriented vertical E-commerce retailer in China, has initiated and partnered with The Economist Intelligence Unit of the Economist Group on a survey regarding the growing buying power of female consumers in Asia.

Vipshop and The Economist Intelligence Unit Release Report on the Online Buying Power of Female Consumers In Asia

Vipshop and The Economist Intelligence Unit Release Report on the Online Buying Power of Female Consumers In Asia

The report, titled “On the rise and online: Female consumers in Asia,” was released today, and it surveyed 5,500 women across major urban areas in Greater China, India, Japan, South Korea and Singapore, as well as consumer analysts, major retailers and brand owners. The study found that women are driving the growth of online shopping in the region, with many preferring online to offline. Among survey respondents, 63 percent browse the Internet at least once a day for products and services, with nearly 30 percent doing so twice or more per day. Slightly fewer than 80 percent of women regionally buy groceries online, 83 percent for cosmetics and the figure rises to nearly 90 percent for clothing and accessories.

“Women are a unique and important driving force in the Asian market. And at Vipshop, over 80 percent of the accumulative 90 million members are females, who contribute to 90 percent of our sales. The partnership with the EIU allowed us the opportunity to learn more about consumer shopping habits and to further expand upon its leadership position in China’s online retail market,” said Eric Shen, Chairman and CEO of Vipshop.

Perhaps most troubling for retailers focused on the brick-and-mortar business, nearly half – 49 percent, of women polled agreed or strongly agreed that they preferred the experience of shopping online to doing so in stores. The figure was as high as 69 percent in mainland China.

Additional key findings from the report:

  • Women in Asia’s major cities are increasingly empowered. Region-wide, 43 percent of the women responding to the survey were in managerial, executive or professional services jobs, while 83 percent contribute to household income.
  • Most women are in charge of budgeting decisions on cosmetics (81 percent), clothing and accessories (73 percent), groceries (67 percent) and maternity and children’s products (57 percent), and they are at least co-decision makers in most other product categories like electronics and travel services.
  • At least on the Internet, many Asian women do not seem to be living up to the stereotype of selfless, family-focused individuals. Over 62 percent of women are buying for themselves most of the time when shopping online; in mainland China that rate rises to 74 percent, and to 77 percent among 18-29 year olds.
  • Women have a variety of reasons to prefer online shopping. Most point to cost (62 percent) and time (60 percent) savings, but they also feel that online retailers can be relied upon to have the products they want to buy (59 percent), and they appreciate the range of choice online shopping offers (56 percent).
  • When choosing an online retailer, women say price (83 percent) is important or very important, but so are quality (83 percent), genuine products (82 percent) and convenience (77 percent).
  • Getting the messaging right will be tricky. While messages that address them as independent, intelligent consumers were found appealing to 56 percent of women, 54 percent said they found messages addressing them as wives, mothers or girlfriends to be attractive.
  • The future of online shopping looks mobile and impulsive. 58 percent of the youngest (18-29) demographic surveyed shop online with their smartphones at home, versus 38 percent of 40-49 year olds. While overall some 43 percent reported spending more money online than they do in physical shops, again the rates among those 18-29 were even higher (56 percent). Over half of women 18-29 year olds agreed that they were more likely to buy impulsively online.

Laurel West, editor of the report, said, “Women are controlling spending in a variety of categories where you would expect them to, such as clothing and accessories, cosmetics and groceries. But they also have an increasing influence in bigger ticket items such as electronics. Many brands are realizing this and making efforts to better understand what is important to female consumers.”

According to the EIU report, Asian women regard “quality (83 percent), price (83 percent) and genuine products (82 percent) as the top three factors when they choose online retailers. Obviously, Vipshop’s business model of “online discount retailing for branded and genuine products” naturally matches with women’s demands and criteria for online shopping.

The EIU report also reveals that women have dominant online spending control in the buying of clothing and accessories, cosmetics, maternity and children’s products, and home goods, which coincidently proves the rightness of Vipshop’s she-economy strategies that it conducted one year ago. Since then, Vipshop has expanded its categories from apparel and accessories to cosmetics, maternity and children’s products, as well as home goods to leverage the increasing power of the she-economy.

Fully understanding women’s comprehensive roles and shopping demands both as independent career women and good wives/mothers/daughters, Vipshop provides the goods of 12,000 brands for women and their families. And in September of this year, Vipshop launched its “Global Sales” business to enrich the online shopping offerings to women.

Tony Feng, Vice President of Vipshop, said at the survey launch press conference, “At Vipshop, we are continually pushing ourselves to deliver the best products and services in the best format, and this study is born from these efforts aimed at the rapidly growing women’s market. It showcases our determination to go further in focusing our resources on better understanding and creating bigger innovations and deploying them at scale in areas where we want to win.”

To view the full report, please visit http://www.economistinsights.com/marketing-consumer/analysis/rise-and-online or http://going-global.economist.com/.

Photo – http://photos.prnasia.com/prnh/20141216/0861409493

ENT ERN Fashion GAM MEN

NetDragon Announces Third Quarter 2014 Financial Results

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– Solid YOY Top Line Growth with Strong New Game Pipeline Growth Momentum

– Education Ecosystem Product Development on Track

HONG KONG, Dec. 2, 2014 /PRNewswire/ — NetDragon Websoft Inc. (“NetDragon” or “the Company”) (Hong Kong Stock Code: 777), a leading developer and operator of online games and mobile internet platforms in China, today announced its financial results for the third quarter ended September 30, 2014 (“the Period”). A conference call and webcast is scheduled at 8 p.m. Hong Kong Time on Tuesday, December 2, 2014 to discuss the results and recent business developments.

Third quarter 2014 Financial Highlights

  • Revenue was RMB232.7 million, an increase of 1.1% quarter-over-quarter and 6.1% year-over-year.
  • Gross profit was RMB209.2 million, an increase of 0.4% quarter-over-quarter and 4.8% year-over-year.
  • Operating profit was RMB57.7 million, a decrease of 24.1% quarter-over-quarter and an increase of 15.8% year-over-year.
  • Non-GAAP[1] profit for the Period attributable to owners of the Company was RMB62.9 million
  • Profit for the Period from continuing operations was RMB52.4 million, a decrease of 17.8% quarter-over-quarter and an increase of 41.8% year-over-year.
  • Basic and diluted earnings per share were RMB10.31 cents and RMB10.27 cents, respectively.

Third quarter 2014 Operational Highlights[2]

  • Peak concurrent users (“PCU”) for online games were 382,000, a decrease of 18.9% quarter-over-quarter and 25.1% year-over-year.
  • Average concurrent users (“ACU”) for online games were 225,000, a decrease of 5.9% quarter-over-quarter and 16.7% year-over-year.
  • Average revenue per user (“ARPU”) for online games was RMB299, an increase of 1.4% from the previous quarter and 14.6% year-over-year.
  • Daily active users (“DAU”) for new micro-client game Calibur of Spirit were 1 million.

[1] See “Non-GAAP Financial Measures” section for more details on the reasons for presenting these measures

[2] the PCU and ACU data below did not include the new micro-client game Calibur of Spirit

“We achieved another quarter of solid growth as we gain strong growth momentum in our MMORPG, mobile games and online education businesses.” commented Mr. Dejian Liu, Chairman and Executive Director of NetDragon. “We are pleased that two of our newly launched games, Calibur of Spirit and Eudemons Online Pocket Version, gain strong user traction as hype surrounding Calibur of Spirit continuues to grow following its selection for the World Cyber Arena (“WCA”) held in Yinchuan in October 2014. This was not only the sole China-developed competitive game selected, but also marked NetDragon’s first game entered into the WCA – a fact that we are very proud of. Calibur of Spirit has already been able to achieve PCU of 170,000, MAU of 4 million and DAU of 1 million during the quarter, and over RMB10 million in monthly gross revenue in October 2014. With marketing and promotional activities ramping up in preparation for its official launch early next year, we are confident that revenue for this game will grow substantially in 2015. At the same time, we are excited to have concluded an agreement with Valve during the quarter to make the English version of our new 3D strategy MMO game, Tiger Knight, available on Steam in the near future once open beta-testing is completed early next year.”

“We continued to push our mobile games business forward with revenue increasing 43.8% sequentially as we take advantage of the rapid shift towards mobile globally. The Android version of Eudemons Online Pocket Version was launched in September 2014 to great reviews and has already generated solid operating metrics. We also have high hopes for the iOS version which will begin open-beta testing next quarter. We signed an exclusive licensing agreement for Blade & Sword with one of China’s leading mobile game publishers during the quarter. In overseas markets, the Arabic version of The Pirate generated record high monthly revenue.”

“We just concluded a summit on smart education which we jointly organized with East China Normal University to focus on developing educational tools for the digital age. We are developing relationships with multiple educational institutions such as Beijing Normal University and Central China Normal University as part of our broader strategy to participate in the formulation of educational standards. As part of this effort, we have been developing intelligent classroom and other educational products that will seamlessly be integrated into our overall ecosystem. We began to generate revenue from our K12 educational tablet during the quarter and look forward to further developing our total-solution educational ecosystem. We are confident our education products will provide a unique value proposition to the massive addressable market of students in China.”

Third quarter 2014 Unaudited Financial Results

Revenue

Revenue was RMB232.7 million, an increase of 1.1% from RMB230.1 million in the previous quarter and an increase of 6.1% from RMB219.4 million during the same quarter last year.

Revenue from online games and other business generated from China was RMB195.9 million, a decrease of 3.8% from RMB203.5 million in the previous quarter and an increase of 0.4% from RMB195.1 million in the same quarter last year.

Revenue from online games and other business generated from overseas markets was RMB36.8 million, an increase of 38.3% from RMB26.6 million in the previous quarter and an increase of 51.4% from RMB24.3 million in the same quarter last year. The sequential and year-over-year increases were mainly due to revenue contribution from Cherrypick’s mobile solutions business which was acquired by the Company during the third quarter of 2014.

Gross profit and gross profit margin

Gross profit was RMB209.2 million, an increase of 0.4% from RMB208.2 million in the previous quarter and an increase of 4.8% from RMB199.5 million in the same quarter last year. Gross profit margin was 89.9%, compared with 90.5% in the previous quarter and 91.0% in the same quarter last year.

Operating expenses

Selling and marketing expenses were RMB38.6 million, an increase of 14.8% from RMB33.6 million in the previous quarter and an increase of 38.1% from RMB27.9 million in the same quarter last year. The sequential and year-over-year increases in selling and marketing expenses were mainly due to increases in staff costs in relation to the rapid build-up of our education business as well as advertising and promotional expenses.

Administrative expenses were RMB77.5 million, an increase of 8.2% from RMB71.6 million in the previous quarter and a decrease of 11.5% from RMB 87.6 million in the same quarter last year. The sequential increase in administrative expenses was mainly due to increases in staff costs and depreciation of the new Changle base and amortisation of intangible assets arising from acquisition of Cherrypicks which were offset by a decrease in legal and professional fees. The year-over-year decrease was mainly due to decreases in share-based compensation and legal and professional fees which were partially offset by increases in low value consumables, depreciation and amortisation and rental expenses.

Development costs were RMB67.3 million, an increase of 30.3% from RMB51.7 million in the previous quarter and an increase of 48.5% from RMB45.3 million in the same quarter last year. The sequential increase in development costs was mainly due to an increase in R&D staff. The year-over-year increase was mainly due to increases in staff and outsourcing costs.

Other expenses were RMB3.7 million, a decrease of 77.8% from RMB16.5 million in the previous quarter. The sequential decrease in other expenses was mainly due to a one-time donation during the second quarter of 2014 to Beijing Normal University.

Operating profit

Operating profit from continuing operations was RMB57.7 million, a decrease of 24.1% from RMB76.0 million in the previous quarter and an increase of 15.8% from RMB49.8 million in the same quarter last year.

Profit for the Period from continuing operations

Profit for the Period from continuing operations was RMB52.4 million, a decrease of 17.8% from RMB63.8 million in the previous quarter and an increase of 41.8% from RMB37.0 million in the same quarter last year.

Basic and diluted earnings per share were RMB0.1031 and RMB0.1027, respectively, compared with RMB0.1254 and RMB0.1250, respectively, in the previous quarter, and RMB0.0727 and RMB0.0722, respectively, in the same quarter last year.

Liquidity

As ofSeptember 30, 2014, NetDragon had bank deposits, bank balances, cash and pledged bank deposit and liquid investments (classified as held-for-trading investments) of approximately RMB3,398.7 million, compared with RMB3,709.3 million as of June 30, 2014. Liquid investments are comprised of pre-dominantly highly liquid fixed-income investments which are used to enhance the Company’s overall strong cash position.

Share Repurchase Program

During the nine months ended September 30, 2014, the Company repurchased a total of 2,585,000 shares for an aggregate consideration of approximately HKD37.0 million before expenses.

During the month ended October 31, 2014, the Company repurchased and subsequently cancelled 2,824,500 shares for an aggregate consideration of approximately HKD37.0 million.

Third quarter 2014 Business Developments

Games

Growth momentum in the Company’s online and micro-client games business picked up during the quarter following the launch of Calibur of Spirit and Eudemons Online Pocket Version. Calibur of Spirit generated PCU of 170,000, MAU of 4 million, and DAU of 1 million during the third quarter and over RMB10 million in monthly gross revenue in October 2014. The Company expects to the see the game generate increasing returns following its official launch early next year. In September 2014, the android version of Eudemons Online Pocket Version was launched and recorded a pay rate of 6.74% and a one-day retention rate of approximately 45%.

In September 2014, the Company began closed-beta testing for Goddess Era, the Chinese expansion pack for its flagship game Eudemons Online. Slated to begin open-beta testing next quarter, the expansion pack allows players to enhance their characters’ attributes for free through the newly added ‘Goddess Gifts’ system. The Company also released Second Ninja War, a new updated version of Conquer Online that adds new skills and weapons to the game. Mecho Wars, an expansion pack for the Company’s flagship title Zero Online was launched in September 2014 and provides players with inter-server game modes and new gameplay. Talisman World, an expansion pack for Way of the Five began open-beta testing in July 2014. The expansion pack generated record monthly revenue by providing players with a refreshing new combat experience and battle mode.

Online and Mobile Education

The Company continued to make steady progress in the development of its Open Cloud-based Education Platform during the quarter. In partnership with universities, the Company drove the research progress on artificial intelligence, big data analysis and cloud computing and allowed the seamless connectivity of the educational tablet to education resources. Having established a robust back-end platform, the Company is able to provide content support to various online education applications.

Discussions to develop new content and strategic partnership for the Company’s online and mobile education business continued during the quarter. Development of the Company’s K-12 educational tablet continued as it moved through the various stages of development including the design and function of its features and content. Through the implementation of a “total solution ecosystem” product strategy, the Company is working diligently to achieve targets in the design and development of software, hardware, content and social networking components. By leveraging technology, ‘gamification’ of educational content and user behavioral analysis in the delivery of educational content, the Company is confident that the final product will be a game-changer in the way students learn.

NetDragon entered into a strategic cooperation agreement with Beijing Normal University to jointly-focus on developing new educational content and technologies. The Company plans to establish a NetDragon research center in Beijing that will focus on jointly-developing educational opportunities with Beijing Normal University. Opportunities include cooperation in the development and production of content, joint employment of senior staff, collaborative research on classroom interaction and e-textbooks. NetDragon donated US$250,000 to the Internet Learning Institute of the National Central University in Taiwan in an effort to develop smart educational tools for Chinese students in Mainland China, Taiwan, and Hong Kong during the quarter. The Company believes that its partnership with universities will broaden the supply of high-quality educational content as well as access to world class pedagogical research and practices.

The Company also signed strategic agreements with domestic and international education book publishers, working together in an effort to generate quality content for the educational tablet. In additional, it formed a strategic partnership with East China Normal University, Beijing Normal University and Huazhong Normal University to develop a unique innovative mobile education platform and worked with People’s Education Press on to support the National Science and Technology program – Research on key technology in developing education resources digital publishing and application.The Company was responsible for presenting the program’s display terminal (electronic bag), and its education tablet will serve as an pilot end device for the entire education industry.

Cooperation and Communication in the Mobile Internet Industry and Communication Technology between Fujian Province and Hong Kong

On September 5, 2014, NetDragon signed a Letter of Intent (“LOI”) with Hong Kong Cyberport Management Company Limited and Hong Kong Wireless Technology Industry Association for a term of one year. The three parties agreed to establish a strategic partnership to further grow the local information and communication technology industry. The LOI covers the following four aspects: professional training, the introduction of local mobile applications to the mainland market, internship programs, and digital classrooms. All three parties will jointly support and help Hong Kong-based IT companies and talent to promote their business in Mainland China and will provide talent training programs for them.

Strategic Merger with Cherrypicks

On June 3, 2014, NetDragon entered into a sale and purchase agreement to acquire Cherrypick’s mobile solution business. Cherrypicks is a leading enterprise in mobile technology and mobile marketing in the Asia Pacific region. The acquisition was completed on July 21, 2014. The strategic merger will provide the Company with a team of world-class, innovative mobile solutions developers with strong capabilities to build cutting edge mobile products for global markets in areas including enterprise software, mobile marketing, mobile commerce and mobile education.

Business Outlook

MMORPGs

The Company’s first micro-client in-house developed multiplayer online battle arena game, Calibur of Spirit was selected for the World Cyber Arena (“WCA”) held in at Yinchuan China in October 2014. This marks the Company’s first game selected for the WCA, and represents a solid footstep in exploring the game industry chain. Calibur of Spirit is the only China-developed competitive game selected for the WCA. The game is currently undergoing beta-testing and will begin open-beta testing in early 2015. Given the huge popularity of this game, the Company expects Calibur of Spirit to generate increased revenue for its gaming revenue in the following quarters. The Company’s new 3D action strategy MMO, Tiger Knight, was identified by the Steam Community as a game of interest during the first half of 2014. Steam is a global fully integrated digital gaming and social platform developed by Valve. In September 2014, the Company signed an agreement with Valve to make the English version of the game available on Steam in the near future. Tiger Knight is in currently undergoing testing, with open beta-testing expected to begin in early 2015.

For existing online games, the Company will continue to provide gameplay updates and new versions to increase user stickiness. NetDragon plans to release brand new expansion packs for its flagship titles, Eudemons Online and Conquer Online, in the fourth quarter of 2014 including content enhancements.

Mobile Games

  • ŸThe android version of Eudemons Online Pocket Version was officially launched in September 2014.
  • Blade & Sword, a self-developed 2.5D role playing mobile game based on martial arts, is expected to begin testing of its iOS and Android versions during the fourth quarter of 2014.
  • Waku & Maou, a real-time strategy-based collectible card mobile game featuring scenic landscapes, is currently undergoing closed-beta testing and is expected to launch during the fourth quarter of 2014.
  • Fatal Fighter, a 2D scrolling mobile combat game, began a new beta testing in October 2014 with a simplified Chinese and Arabic version expected to launch in the fourth quarter of 2014 or early 2015.
  • Martial Overlord, a 3D in-house developed martial arts mobile action game, is currently undergoing beta-testing and is expected to launch during the first quarter of 2015.

Online and Mobile Education

In cooperation with East China Normal University, the Company jointly organized the “2014 Strait Wisdom Education Forum and Education Informatization Technology Conference” held at the end of November 2014 which focused on education in the digital age. On November 27, NetDragon officially became a member of CELTSC’s Branch Council for Education Technology following approval by all members present at the Council’s general meeting. In the future, the Company will continue to participate in the formulation of standards for electronic books, bags and study rooms by cooperating with various institutions as it works to develop its educational ecosystem.

The Company expects to continue its strong progress in the development of its mobile education ecosystem product. On the hardware side, the Company is working to refine and enhance the functionality and uniqueness of its educational tablet based on user feedback gathered during the pilot launch. On the software side, NetDragon is implementing a program that will be rolled out in tandem with China’s ‘Three Access Points, Two Platforms’ program which seeks to upgrade overall information technology for educational uses. According to the program, NetDragon will build a communication platform on online study room space based on the instant messaging technology.

In November 2014, NetDragon, Beijing Normal University and a global educational content company signed a memorandum of understanding to leverage each party’s strengths to develop a leading smart education solution to support the national educational technology platform.

Non-GAAP Financial Measures

To supplement the consolidated results of the Company prepared in accordance with HKFRSs, the use of certain non-GAAP measures is provided solely to enhance the overall understanding of the Company’s current financial performance. These non-GAAP measures are not expressly permitted measures under HKFRSs and may not be comparable to similarly titled measures for other companies. The non-GAAP financial measures of the Company exclude share-based payments expense, amortization of intangible assets arising from acquisition of subsidiaries, interest income on pledged bank deposit, exchange gain (loss) on pledged bank deposit, secured bank borrowing and redeemable convertible preferred shares, net gain (loss) on derivative financial instruments and finance costs.

Management Conference Call

NetDragon will host a management conference call and webcast to review its third quarter 2014 financial results ended September 30, 2014 on Tuesday, December 2, 2014, at 8pm Hong Kong time.

Details of the live conference call are as follows:

International Toll

65-6723-9381

US Toll Free

1-866-519-4004

Hong Kong Toll Free

800-906-601

China Toll Free (for fixed line users)

800-8190-121

China Toll Free (for mobile users)

400-6208-038

Passcode

NetDragon

A live and archived webcast of the conference call will be available on the Investor Relations section of NetDragon’s website at http://ir.netdragon.com/investor/ir_events.shtml. Participants in the live webcast should visit the aforementioned website 10 minutes prior to the call, then click on the icon for “3Q 2014 Results Conference Call” and follow the registration instructions.

About NetDragon

NetDragon Websoft Inc. (HKSE: 0777) is a leading innovator and creative force in China’s mobile internet industry. Established in 1999, NetDragon is a vertically integrated, cutting-edge R&D powerhouse with a highly successful track record which includes the development of flagship MMORPGs such as Eudemons Online and Conquer Online, China’s number one online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless, which was sold to Baidu in what was at the time the largest internet M&A transaction in China in 2013. Being a China’s pioneer in overseas expansion, NetDragon directly operates a number of game titles in over 10 languages internationally since 2003. NetDragon continues to strive for developing mobile games and software applications for users. In recent years, NetDragon has also becoming a major player in China’s online and mobile education industry as it works to leverage its mobile internet technologies and operational know-how to make fun and effective learning tools.

For investor enquiries, please contact:

NetDragon Websoft Inc.

Ms. Maggie Zhou
Senior Director of Investor Relations
Tel.: +86 591 8754 3120; +852 2850 7266
Email: maggie@nd.com.cn; ndir@nd.com.cn
Website: www.nd.com.cn/ir


CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2014

Three Months Ended

September 30, 2014

June 30, 2014

September 30, 2014

RMB ‘000

RMB ‘000

RMB ‘000

(Unaudited)

(Unaudited)

(Unaudited)

Continuing operations

Revenue

232,702

230,144

219,364

Cost of revenue

(23,530)

(21,888)

(19,837)

Gross profit

209,172

208,256

199,527

Other income and gains

36,034

41,255

12,476

Selling and marketing expenses

(38,569)

(33,590)

(27,935)

Administrative expenses

(77,538)

(71,645)

(87,611)

Development costs

(67,341)

(51,687)

(45,349)

Other expenses

(3,666)

(16,491)

(1,259)

Share of losses of associates

(406)

(145)

(41)

Operating profit

57,686

75,953

49,808

Interest income on pledged bank deposit

638

840

222

Exchange gain (loss) on pledged bank
deposit and secured bank borrowing

1,188

(2,106)

(1,769)

Net (loss) gain on derivative financial
instrument

(646)

2,737

–

Net (loss) gain on held-for-trading investment

(1,553)

61

–

Finance costs

(728)

(1,132)

(326)

Profit before taxation

56,585

76,353

47,935

Taxation

(4,166)

(12,547)

(10,974)

Profit for the period from continuing
operations

52,419

63,806

36,961

Discontinued operations

Profit for the period from discontinued
operations

–

–

105,586

Profit for the period

52,419

63,806

142,547

Other comprehensive (expense) income for
the period, net of income tax:

Exchange differences arising on translation
of foreign operations that may be
reclassified subsequently to profit or loss

(161)

29

(167)

Total comprehensive income for the period

52,258

63,835

142,380

Profit (loss) for the period attributable to:

-Owners of the Company

52,595

63,830

97,230

-Non-controlling interests

(176)

(24)

45,317

52,419

63,806

142,547

Profit for the period attributable to

owners of the Company:

-from continuing operations

52,595

63,830

36,926

-from discontinued operations

–

–

60,304

Profit for the period attributable to

owners of the Company

52,595

63,830

97,230

(Loss) profit for the period attributable to

non-controlling interests:

-from continuing operations

(176)

(24)

35

-from discontinued operations

–

–

45,282

(Loss) profit for the period attributable to

non-controlling interests

(176)

(24)

45,317

Total comprehensive income (expense)
attributable to:

-Owners of the Company

52,434

63,859

97,063

-Non-controlling interests

(176)

(24)

45,317

52,258

63,835

142,380

Earnings per share

RMB cents

RMB cents

RMB cents

From continuing and discontinued
operations

-Basic

10.31

12.54

19.14

-Diluted

10.27

12.50

19.02

From continuing operations

-Basic

10.31

12.54

7.27

-Diluted

10.27

12.50

7.22

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2014

September 30, 2014

December 31, 2013

(Unaudited)

(Audited)

RMB ‘000

RMB ‘000

Non-current assets

Property, plant and equipment

771,887

532,684

Prepaid lease payments

379,263

185,819

Investment property

–

15,725

Intangible assets

143,380

–

Interests in associates

30,510

1,299

Available-for-sale investments

5,000

5,000

Loan receivables

15,897

16,041

Deposits made for acquisition of property, plant and
equipment

19,444

16,769

Other receivable

–

60,969

Goodwill

18,780

12,534

Deferred tax assets

54

54

1,384,215

846,894

Current assets

Prepaid lease payments

2,708

2,583

Loan receivables

898

713

Trade receivables

52,252

41,718

Other receivables, prepayments and deposits

167,914

69,770

Amounts due from related companies

1,704

4,564

Amounts due from associates

72

–

Held-for-trading investments

185,884

20,735

Pledged bank deposit

–

107,368

Bank deposits

2,540,917

3,051,289

Bank balances and cash

671,934

1,304,355

3,624,283

4,603,095

Current liabilities

Trade and other payables

168,999

152,837

Deferred income

27,008

26,553

Amount due to a related company

340

–

Secured bank borrowing

–

104,672

Other financial liability

–

3,122

Income tax payable

136,505

539,927

332,852

827,111

Net current assets

3,291,431

3,775,984

Total assets less current liabilities

4,675,646

4,622,878

Non-current liabilities

Other payables

2,248

–

Deferred tax liabilities

51

–

2,299

–

Net assets

4,673,347

4,622,878

Capital and reserves

Share capital

37,849

37,664

Share premium and reserves

4,633,727

4,577,478

Equity attributable to owners of the Company

4,671,576

4,615,142

Non-controlling interests

1,771

7,736

4,673,347

4,622,878

 

ENT Fashion GAM MEN

NetDragon Jointly Organizes 2014 Strait Wisdom Education Forum and Education Informatization Technology Conference

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HONG KONG, Nov. 27, 2014 /PRNewswire/ — NetDragon Websoft Inc. (“NetDragon”, Stock Code: 777), a leading developer and operator of online game and mobile Internet platforms in China, today announced that it successfully organized the 2014 Strait Wisdom Education Forum and Education Informatization Technology Conference in conjunction with East China Normal University on 25th November, 2014 at the Company’s Haixi Animation Creativity City in Fujian, China. The conference was endorsed by the National Education Information Technology Standards Committee, China’s Ministry of Education and the National Information Technology Standardization Committee.

Mr. Luyuan Liu, Chief Executive Officer of NetDragon commented, “The conference focused on the theme of smart Education in the Mobile Internet and Big Data Era in which educational reform can create new educational models, create paradigms for futuristic classroom and establish an ecosystem centered on the electronic bag. I am pleased to say that this was the most successful conference we have ever organized. The conference attracted a record number of participants, clients and business partners from over 14 provinces. We are honored to have had government officials and industry professionals attend from across China, Hong Kong and Taiwan. The education information industry developed rapidly in 2014. NetDragon has been following these trends closely and is ideally positioned to participate in the formulation of an education information system in order to speed up the roll-out of the education business with our unique mobile internet education platform. The successful organization of the Cross-Strait Smart Education Summit demonstrates NetDragon’s capability in the online education industry, the high recognition by the industry and at the same time shows NetDragon’s commitment to China’s online education sector and our efforts to participate in the formulation of the industry’s standards. The summit also plays an important role for NetDragon for rolling out the “Fair Education” strategy.

NetDragon is a leading force in China’s online education industry. NetDragon has been focusing its attention on the development of education information technology. The Company established Fujian Huayu Education Science and Technology Co., Ltd, a wholly-owned subsidiary in 2010. In recent years, the Company cooperated with Foxconn Technology Group to develop an educational tablet, Xinhuanet to develop a learning platform for its higher education business, and various Chinese universities and educational institutions to develop learning platforms and courses that combine big data analysis, cloud computing technology and gaming systems. In 2013, NetDragon formed a strategic partnership with East China Normal University, Beijing Normal University and Huazhong Normal University and worked with People’s Education Press on developing a unique innovative mobile education platform to support the National Science and Technology program – Research on key technology in developing education resources digital publishing and application.

The conference not only attracted a great attention from the general public and industry professionals, but also won high praises from community leaders and the media. As an organizer, NetDragon demonstrated its commitment to developing the education industry and strengthening its national and international influence. Industry experts and scholars shared their insights and experiences on deepening educational reform, advancing educational information, and building a learning community.

About NetDragon
NetDragon Websoft Inc. (HKSE: 0777) is a leading innovator and creative force in China’s mobile internet industry. Established in 1999, NetDragon is a vertically integrated, cutting-edge R&D powerhouse with a highly successful track record which includes the development of flagship MMORPGs such as Eudemons Online and Conquer Online, China’s number one online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless, which was sold to Baidu in what was at the time the largest internet M&A transaction in China in 2013. Being a China’s pioneer in overseas expansion, NetDragon directly operates a number of game titles in over 10 languages internationally since 2003. NetDragon continues to strive for developing mobile games and software applications for users. In recent years, NetDragon has also becoming a major player in China’s online and mobile education industry as it works to leverage its mobile internet technologies and operational know-how to make fun and effective learning tools.

Health Care

EXCEMED Launches New Go-to Clinical Resource in Thyroid Disease

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General practitioners, specialist endocrinologists and internists have a brand new reference point to support their daily clinical treatment and management of patients with thyroid dysfunction.

ROME, Nov. 11, 2014 /PRNewswire/ — Manage Thyroid Online (http://www.managethyroidonline.org), an initiative of EXCEMED, is a definitive resource to help healthcare professionals recognise the implications of diagnosing and treating different thyroid disorders such as hypothyroidism, hyperthyroidism, autoimmune disease and nodular disease (including thyroid carcinoma).

“EXCEMED is proud to present this new tool to the healthcare community with particular acknowledgement to the truly global nature of what we are offering – the Scientific Committee for this project draws top experts in thyroid disorder from Europe, the Middle East, Asia and Latin America,” says Roberta Cenci, Head of Educational Strategy for EXCEMED.

These top experts are Prof. Ali S. Alzahrani, King Faisal Specialist Hospital & Research Center, Riyadh, Saudi Arabia, Prof. Gabriela Brenta, Cesar Milstein Hospital, Buenos Aires, Argentina, Prof. George J. Kahaly, Johannes Gutenberg University Medical Center, Mainz, Germany and Prof. Nemencio A. Nicodemus Jr, UP-Philippine General Hospital, Manila, Philippines.

“The most current, international and evidence-based standards in thyroid practice are being employed on this website,” says Prof. Kahaly. “As the site evolves, we will deliver up-to-date content on a variety of conditions including hypothyroidism, hyperthyroidism, goiter and nodular diseases, cardiovascular implications of thyroid dysfunction and special topics such as differentiated thyroid cancers, pregnancy – and age-related thyroid issues.”

Healthcare practitioners will be able to select from practical and in-depth approaches to thyroid disease in formats such as expert editorials, slide presentations, video lectures and key conference summaries and CME-accredited e-learning courses.

About EXCEMED

EXCEMED – Excellence in Medical Education is an independent, non-profit continuing medical education (CME) provider based in Geneva, Switzerland. The Foundation has delivered top CME to thousands of healthcare professionals for over four decades, convening over 1500 international scientific congresses with over 500 proceedings published in leading international medical journals. EXCEMED has pioneered online CME courses since 2000 and offers e-learning activities including video lectures, CME-accredited online courses and symposia. EXCEMED changed its name from Serono Symposia International Foundation (SSIF) in April 2014. http://www.excemed.org

Logo – http://photos.prnewswire.com/prnh/20140509/685679

ENT Fashion GAM MEN

NetDragon Websoft Inc. to Report Third Quarter 2014 Financial Results on December 2, 2014

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HONG KONG, Nov. 10, 2014 /PRNewswire/ — NetDragon Websoft Inc. (“NetDragon”; Stock Code: 777), a leading developer and operator of online games and mobile Internet platforms in China, today announced that it will report its financial results for the third quarter ended September 30, 2014 on Tuesday, December 2, 2014, after the close of the Hong Kong stock market.

NetDragon’s management will host an earnings conference call and live webcast to discuss the results at 8:00 PM on December 2, 2014 Hong Kong Time.

Dial-in details for the earnings conference call are as follows:

Time: 8:00 PM Beijing / Hong Kong Time / 7:00 AM Eastern Standard Time, December 2, 2014 

International Toll                                    +65-6723-9381
US Toll Free                                          + 0-808-234-6646
Hong Kong Toll Free                             +800-906-601
China Toll Free (for fixed line users)     +800-8190-121
China Toll Free (for mobile users)         +400-6208-038
Passcode                                               NetDragon

A live and archived webcast of the earnings conference call will be available on the Investor Relations section of NetDragon’s website at http://ir.netdragon.com/investor/ir_events.shtml. Participants in the live webcast should login 10 minutes prior to the call by clicking on the icon for “3Q 2014 Results Conference Call” and following the registration instructions.

About NetDragon

NetDragon Websoft Inc. (HKSE: 0777) is a leading innovator and creative force in China’s mobile Internet industry. Established in 1999, NetDragon is a vertically integrated, cutting-edge R&D powerhouse with a highly successful track record which includes the development of flagship MMORPGs such as Eudemons Online and Conquer Online, China’s number one online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless, which was sold to Baidu in what was at the time the largest Internet M&A transaction in China in 2013. Being a China’s pioneer in overseas expansion, NetDragon directly operates a number of game titles in over 10 languages internationally since 2003. NetDragon continues to strive for developing mobile games and software applications for users. In recent years, NetDragon has also becoming a major player in China’s online and mobile education industry as it works to leverage its mobile Internet technologies and operational know-how to make fun and effective learning tools.

For investor enquiries, please contact:

NetDragon Websoft Inc.
Ms. Maggie Zhou
Senior Director of Investor Relations
Tel: +852-2850-7266 / +86-591-8754-3120
Email: maggie@nd.com.cn; ndir@nd.com.cn 
Website: www.nd.com.cn/ir

ADV ENT Fashion

Geared to Wearables, Vexigo Releases the Visualizr — Instantly Turning Digital Content Into An Engaging, Personalized Magazine

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NEW YORK, Nov. 4, 2014 /PRNewswire/ — Vexigo Ltd. today announced the release of the Visualizr (http://www.visualizr.me), a remarkable new tool that empowers publishers to instantly turn website content into an enticing, personalized magazine.

Photo – http://photos.prnewswire.com/prnh/20141103/156295

“Using our proprietary in-house technology, we are able to help publishers convert their website’s content into a stunning magazine, tailor-made for each visitor — and all this in less than one minute,” says Dan Gilai, Director of Product at Vexigo. “Visualizr is a ‘tuned-in’ magazine with a personalized selection of content for each visitor built on a contextual understanding of a reader’s interests and preferences.”

At each access, the Visualizr has a new face, uniquely individualized and geared to fit a reader’s inclinations and predispositions. Furthermore, the Visualizr provides new sources of monetization for website owners, delivering video ads and pin-point targeted native advertising. The Visualizr engages the audience across the broadest range of devices: from tablets and cell phones to smart-watches and TVs.”

Each time the Visualizr is triggered, it scans every component on your website and builds a magazine based upon a reader’s areas of interest. Vexigo’s patented contextual analysis engine — the driving power behind the Visualizr — performs a real-time analysis of an individual’s navigation behavior in order to populate the magazine.

Global mobile data traffic grew by more than 80 percent last year. Geared as a mobile first solution, the Visualizr provides a superb user experience on all mobile devices, including smart-watches. Users want to quickly read the stories that matter most and the Visualizr delivers exactly that: a personalized, mobile-optimized experience.

With a no-hassle setup, publishers are able to boost their user’s engagement across all devices and brand advertisers enjoy a premium real estate which attracts the user’s full attention.

About Vexigo Ltd.
Founded in 2009, Vexigo is a global leader in content visualization and video advertising.
Vexigo conveys an across-the-board integrated service — media targeting, brand protection, media recommendation engine and one-click campaign expansion.

Using state-of-the-art page level and domain level segmentation, Vexigo provides dynamic contextual matching for predictive campaign performance.

Vexigo’s unique ability to manage the fine details of any digital content in real-time, categorize it, and then target relevant, category-specific media, ensures effective online ad placement that generates major improvements in advertising effectiveness and boosts ROI.

To learn more about Vexigo – please visit www.vexigo.com

Contact
Vexigo
Dan Gilai, Director of Product Management
dan.gilai@vexigo.com
+1-(914)-336-4519

ENT Fashion GAM

Perfect World Announces R&D Restructuring

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BEIJING, Oct. 28, 2014 /PRNewswire/ — Perfect World Co., Ltd. (NASDAQ: PWRD) (“Perfect World” or the “Company”), a leading online game developer and operator based in China, today announced its restructuring of R&D teams under which five new subsidiaries have been formed. The structure of forming new subsidiaries that are majority-owned by Perfect World is aimed to help attract and motivate top talent by granting them direct stake in the subsidiaries under the new incentive scheme. Perfect World will support these subsidiaries with the Company’s proprietary technology, graphic design, integrated platform, distribution channels and other valuable resources. The Company believes that the new structure will help invigorate the game development process, support game design flexibility, allow faster reaction to changing market trends, and boost game development productivity.

Mr. Robert Xiao, Chief Executive Officer of Perfect World commented, “We believe that our decision to allow R&D teams to establish new subsidiaries will not only encourage our current employees, attract new talent, and help maximize development potential, but also enhance our competitive edge by creating a more flexible structure that helps us to respond more quickly to market trends. In the long term, we believe the restructuring will help accelerate the Company’s future growth while simultaneously cultivating a corporate culture that embraces entrepreneurial spirit.”

About Perfect World Co., Ltd. (http://www.pwrd.com)

Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game developer and operator based in China. Perfect World primarily develops online games based on proprietary game engines and game development platforms. Perfect World’s strong technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable it to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends. Perfect World’s current portfolio of self-developed online games includes massively multiplayer online role playing games (“MMORPGs”): “Perfect World,” “Legend of Martial Arts,” “Perfect World II,” “Zhu Xian,” “Chi Bi,” “Pocketpet Journey West,” “Battle of the Immortals,” “Fantasy Zhu Xian,” “Forsaken World,” “Empire of the Immortals,” “Return of the Condor Heroes,” “Saint Seiya Online,” “Swordsman Online,” “Holy King” and “Legend of the Condor Heroes;” an online casual game: “Hot Dance Party;” and a number of web games and mobile games. While a majority of the revenues are generated in China, Perfect World operates its games in North America, Europe, Japan, Korea and Southeast Asia through its own subsidiaries. Perfect World’s games have also been licensed to leading game operators in a number of countries and regions in Asia, Latin America, and the Russian Federation and other Russian speaking territories. Perfect World intends to continue to explore new and innovative business models and is committed to maximizing shareholder value over time.

Safe Harbor Statements

This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “confidence,” “estimates” and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, Perfect World’s ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of its games and in-game items in China and elsewhere, its ability to protect intellectual property rights, its ability to respond to competitive pressure, its ability to maintain an effective system of internal control over financial reporting, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere. Further information regarding these and other risks is included in Perfect World’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact

Perfect World Co., Ltd.
Vivien Wang – Vice President, Capital Market & Corporate Communications
Tel: +86-10-5780-5700
Fax: +86-10-5780-5713
Email: ir@pwrd.com
http://www.pwrd.com

Christensen Investor Relations
Patty Bruner
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: pbruner@christensenir.com

Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com

Logo – http://photos.prnewswire.com/prnh/20090416/CNTH023LOGO

Fashion

Club Monaco Launches Menswear Globally Online with MR PORTER.COM

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NEW YORK, Sept. 9, 2014 /PRNewswire/ — Club Monaco, the international lifestyle brand that offers men and women affordably luxury, is pleased to announce an exclusive partnership with MR PORTER.COM, the award-winning global retail destination for men’s style, set to launch today, September 9. This exciting pairing introduces Club Monaco to a wider international online audience, making its signature heritage mens’ collections accessible now through MR PORTER’s vast network and infrastructure, including express worldwide shipping to over 170 countries.

As Club Monaco continues to expand with the opening of four key men’s-only shops in the world: Hong Kong, Seoul, London and New York City and evolves its elevated, point of view, the MR PORTER customer will now have access to a variety of the brand’s best-selling pieces. Items such as classic button down shirts, suede basketball jackets, blazers, suiting, leather bombers, cashmere sweaters, printed chinos, Indigo tees, and varsity jackets round out an always-tailored assortment that fuses fashion with street – a viewpoint that has become synonymous with the Club Monaco brand.

“Club Monaco’s presence on MR PORTER is a natural fit for us and continues our modernized, updated vision of menswear,” said John Mehas, chief executive officer at Club Monaco. “Without a doubt, MR PORTER is the premier online destination for men who crave clothing and accessories that are executed with quality and authenticity. Club Monaco is a leader in offering men well-crafted, affordable luxury and we couldn’t be prouder to debut our collections to MR PORTER’S international audience.”

“We are pleased to be launching Club Monaco onto MR PORTER for fall,” says MR PORTER Buying Director Toby Bateman. “I’ve long admired the brand’s focused design philosophy and I’m sure that it will resonate well with our global customer base. It’s also great synergy that we are their exclusive online partner as they open their first London store.’

To preview the collection visit: http://www.mrporter.com/mens/designers/club_monaco

About Club Monaco

Founded in Toronto in 1985, Club Monaco is an international lifestyle brand that offers enduring style with a modern sensibility. Headquartered in New York City in the heart of west Chelsea’s gallery district, Club Monaco appeals to the creative consumer — a group of cultural influencers who mix fashion must-haves with timeless classics. Our brand represents a distinctly urban-casual point of view, best defined as a sophisticated play of opposites: mixing vintage with new, hard with soft and eclectic with minimal.

For more information, go to clubmonaco.com, for press information and images visit lookbook.clubmonaco.com or check out our Tumblr at cultureclub.clubmonaco.com.

About MR PORTER

MR PORTER is the award-winning global retail destination for men’s style, combining the best international menswear with editorial content. The site sells over 200 leading international brands, with content and new products added weekly. MR PORTER offers express worldwide shipping to 170 countries (including same day delivery to London and New York), and a free collection service for returns and exchanges. Designers available include Alexander McQueen, Givenchy, Raf Simons, Lanvin, Loro Piana, Maison Kitsune, Boglioli, A.P.C, Beams Plus, Church’s, and Common Projects.