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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.

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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

The9 Limited has announced a strategic partnership with Fine Vision Fund, which includes a $3.5 million investment. This partnership aims to enhance The9's business operations and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:17 am

The9 has secured exclusive rights to publish the 'MIR M' game in China for both mobile and PC versions. The license term is 5 years from the commercial launch date, expected in early 2025, with a possible 1-year extension.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:16 am

The9 Limited (NASDAQ:NCTY) has signed a definitive share purchase agreement to invest $1.5 million in KuaiJin, an AI unmanned retail store platform in China. The9 will acquire 15% of KuaiJin and has an option to purchase up to 51% within two years. The investment includes cash and issuance of restricted shares of The9.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:11 am

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