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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 06.06.2025 | 7PM
Wed, 09.10.2024       The9 (ADR)
US88337K3023

Joint Venture Partner Committed Annual Profit of RMB100 Million in 2025

SHANGHAI, 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.

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