Chinese gaming company’s stock rocketed since AI CEO took over

The company plans to transform into a metaverse-based working community gradually.
netdragon logo

Last year, Chinese game developer NetDragon Websoft announced that it had appointed Ms. Tang Yu, an AI bot, as the CEO of its flagship subsidiary, Fujian NetDragon Websoft. According to The Hustle’s story, the company’s shares have risen 10% over the past six months.

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Tang Yu is responsible for making leadership decisions, assessing risks, and all other CEO responsibilities. There is a slight difference between Tang Yu and any other typical CEO, though; she works 24/7 and does not get paid.

NetDragon’s stock has since been outperforming the Hang Seng Index. In the last six months, the company shares have rocketed by 10%, and its total valuation, according to Google Finance, is approximately $1.1 billion (HK$9 billion).

When Tang Yu was appointed as CEO, Dr. Dejian Liu, Chairman of NetDragon, said, “We believe AI is the future of corporate management, and our appointment of Ms. Tang Yu represents our commitment to truly embrace the use of AI to transform the way we operate our business and ultimately drive our future strategic growth.”

Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved, Conquer Online and Under Oath.

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