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

11.82

Mkt cap

360K

Volume

38K

High

12.02

P/E Ratio

1.70

52-wk high

20.59

Low

11.58

Div yield

N/A

52-wk low

4.90

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

The9 Limited (NCTY), an established Internet company, has regained compliance with Nasdaq Listing Rule 5550(b), meeting the minimum requirements for stockholders' equity, market value of listed securities, or net income from continuing operations for The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:18 am

The9 Limited (NCTY) reported its FY23 net revenues at RMB 179M ($25M), marking a significant increase from RMB 108M year-over-year. Additionally, the company achieved a net income of RMB 13M ($2M), a substantial improvement from a net loss of RMB 975M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:44 am

The9 Limited (NASDAQ:NCTY), an established Internet company, announced that its investee WM Therapeutics has made significant progress in the development of precision antidepressant treatment using its GenAI multi-dimensional omics drug clinical research technology. This breakthrough could bring new hope to patients suffering from depression.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:03 am

In Thursday's intraday session, notable movements were observed in the Information Technology sector. Ouster, Strong Global, Meta Materials, Argo Blockchain, Bit Digital, and The9 were among the gainers, with Ouster leading by a 20% increase following its Q4 earnings report. On the downside, Data Storage, Movella Holdings, WeTrade Group, Presto Automation, Braze, and Intellinetics experienced declines, with Data Storage dropping 22.3% after its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:31 pm

In Tuesday's pre-market session, several information technology stocks showed significant movement. Notably, LeddarTech Holdings, Mercurity Fintech Holding, The9, OMNIQ, SoundHound AI, and Mawson Infra Gr were among the gainers, with increases ranging from 6.32% to 18.1%. Conversely, WiSA Technologies, Dave, Intellicheck, Abits Group, Movella Holdings, and Bit Origin experienced declines between 4.83% and 28.7%. Intellicheck's drop was highlighted alongside its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:05 pm

The9 Limited has entered into a share purchase agreement to invest in WM Therapeutic Co., Ltd., marking a significant move into the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:04 pm

The9 Limited (NCTY) has announced its plan to acquire a 51% stake in Shenma, with the deal comprising a $1M cash payment and the issuance of Class A ordinary shares to Shenma valued at $14.3M.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:23 pm

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