Streetbeat News

NCTY

The9 Limited

https://www.the9.com

Industry

Electronic Gaming & Multimedia

The9 Limited, together with its subsidiaries, operates as an Internet company in the People's Republic of China. It engages in the operation of cryptocurrency mining; and NFTSTAR, a NFT trading and community platform that provides users with purchase, trade, and interactive activities. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.

Open

16.92

Mkt cap

157M

Volume

74K

High

17.90

P/E Ratio

-3.02

52-wk high

20.59

Low

16.85

Div yield

N/A

52-wk low

4.03

The9 Limited's shares are rising following the announcement of a joint venture between its subsidiary and ShaoXing TongZe Network Technology, a Chinese AI and big data marketing service provider.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:18 pm

The9 Limited's subsidiary has entered into a joint venture with ShaoXing TongZe Network Technology Co., a Chinese AI and big data marketing service provider. This partnership aims to leverage AI algorithms and big data for marketing services.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:34 am

In Monday's after-market session, several information technology stocks experienced notable price movements. AMTD Digital, Digital Ally, and Neonode were among the gainers, while Trident Digital Tech and OneConnect Financial Tech saw declines.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 8:30 pm

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.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:09 am

Shares of companies within the broader tech sector are trading lower amid concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:34 pm

SMI Vantage Limited and The9 Limited have signed a Cooperation Agreement to enhance their partnership in Bitcoin mining and explore new AI opportunities. SMI Vantage will host up to 100 of The9's bitcoin machines and explore new digital mining locations in Southeast Asia and the Middle East. The companies will also look for AI technology collaboration opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:15 am

The9 shares are trading higher after the company announced that it acquired a 19% stake in WeiXiang.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:17 pm

The9 Limited (NASDAQ:NCTY) has acquired a 19% stake in AI-powered educational technology firm WeiXiang. The acquisition involves cash and issuance of The9's restricted shares. The9 also has an option to increase its stake to 51% based on WeiXiang's future profits.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:16 am

The article highlights the pre-market movements of various information technology stocks on Friday. Notable gainers include Ostin Technology Group, Sobr Safe, The9, Syntec Optics Holdings, VerifyMe, and VNET Group. Significant losers include Soluna Holdings, Ascent Solar Technologies, Domo, Roadzen, Workday, and Akoustis Technologies.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 12:07 pm

The9 has announced an exclusive publishing license agreement with Wemade for the Mir M game in Mainland China.

Portfolio Pulse from Charles Gross

May 24, 2024 | 10:11 am

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