Zhejiang Huanyu And The9 Forge Joint Venture With $84M Annual Game Revenue Commitment To Launch New MIR Game
Portfolio Pulse from Benzinga Newsdesk
Zhejiang Huanyu and The9 have formed a joint venture to launch a new game, MIR M, with a commitment to generate $84 million in annual revenue. The9 holds a 51% stake, and Huanyu holds 49%. The joint venture aims for significant revenue and profit growth in the coming years.
August 23, 2024 | 6:09 am
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The9 has entered a joint venture with Zhejiang Huanyu to launch a new game, MIR M, with a revenue target of $84 million annually. The9 holds a majority stake, and the venture is expected to drive significant revenue and profit growth.
The9's majority stake in the joint venture and the significant revenue commitment suggest a positive impact on its financial performance. The projected growth in revenue and profit further supports a positive outlook.
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