The9 Establishes Another Joint Venture to Operate AI Mobile Advertising Business
The9 Limited - American Depository Shares (NCTY)
US:NASDAQ Investor Relations:
the9.com/en/stockinformation.html
Company Research
Source: PR Newswire
Joint Venture Partner Committed Annual Profit of RMB20 Million and 50% Annual GrowthSHANGHAI, Dec. 16, 2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed a Joint Venture agreement (hereinafter referred to as the "Agreement") with Shenzhen JiTuo Interactive Technology Co., Ltd. (hereinafter referred to as "JiTuo"), an AI algorithms mobile advertising company in China. JiTuo is a game development partner with AppLovin Corporation (Nasdaq: APP) in China. It is also an agency partner for Apple Search Ads in China.The9 will hold a 51% stake and JiTuo will hold a 49% stake in the Joint Venture. The Joint Venture will become one of The9's consolidated subsidiaries to operate AI algorithms mobile advertising business, and is expected to provide marketing solution to The9's upcoming new games including MIR M.Pursuant to the Agreement, JiTuo committed t
Show less
Read more
Impact Snapshot
Event Time:
NCTY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NCTY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NCTY alerts
High impacting The9 Limited - American Depository Shares news events
Weekly update
A roundup of the hottest topics
NCTY
News
- The9 Establishes Another Joint Venture to Operate AI Mobile Advertising Business [Yahoo! Finance]Yahoo! Finance
- The9 Joint Venture Partner Increased Committed Annual Revenue to RMB900 Million and Profit to RMB300 Million from RMB600 and RMB200M RespectivelyPR Newswire
- DDC Enterprise Ltd. Appoints George Lai to Board of Directors [Yahoo! Finance]Yahoo! Finance
- NIP Group Expands Esports Portfolio Through Strategic Partnership with The9 LimitedPR Newswire
- The9 Limited (NASDAQ: NCTY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
NCTY
Sec Filings
- 12/16/24 - Form 6-K
- 12/6/24 - Form 6-K
- 11/26/24 - Form 6-K
- NCTY's page on the SEC website