The9 Establishes Joint Venture to Operate AI Algorithms Marketing 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 RMB100 Million in 2025SHANGHAI, Oct. 9, 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 ShaoXing TongZe Network Technology Co., Ltd. (hereinafter referred to as "TongZe"), an AI algorithms and big data marketing service provider in China. The9 will hold a 51% stake and TongZe will hold a 49% stake in the Joint Venture. The Joint Venture will become one of The9's consolidated subsidiaries to operate AI algorithms and big data marketing business, and is expected to provide marketing solution to The9's upcoming new MIR game: MIR M.Pursuant to the Agreement, TongZe committed that it will utilize its AI algorithms and big data to reach more than 100 million relevant pan-MIR tag users and more than 30 million paid MIR users
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News
- The9 Limited (NASDAQ: NCTY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- The9 Limited to Hold Annual General Meeting on December 27, 2024, and to Issue Class B Ordinary Shares to its Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- The9 Limited to Hold Annual General Meeting on December 27, 2024, and to Issue Class B Ordinary Shares to its Chief Executive OfficerPR Newswire
- The9 Limited (NASDAQ: NCTY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- The9 Limited (NASDAQ: NCTY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
NCTY
Sec Filings
- 11/20/24 - Form 6-K
- 11/13/24 - Form 144
- 10/9/24 - Form 6-K
- NCTY's page on the SEC website