The9 Limited

NCTY

US88337K4013

Blockchain & Cryptocurrency

Delayed Nasdaq Other stock markets 12:42:33 2024-06-03 pm EDT			5-day change	1st Jan Change
7.28 ^USD	+3.59%		-3.32%	-2.80%

04:39pm	Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading	MT
12:00am	The9 Limited agreed to acquire 19% stake in Wuhan Weixiang Science And Technology Co., Ltd for $ 8.16 million.	CI

The9 Limited signed a definitive share purchase agreement to acquire 15% stake in Kuaijin Times Technology Co.,Ltd.

May 19, 2024

The9 Limited (NasdaqCM:NCTY) signed a definitive share purchase agreement to acquire 15% stake in Kuaijin Times (Xiamen) Technology Co.,Ltd. on May 20, 2024. Pursuant to the Agreement, The9 will pay cash consideration of $1.5 million and will issue 318,448,800 restricted Class A ordinary shares (equivalent to 1,061,496 ADSs) to KuaiJin, which will be subject to lock-up conditions. The9 is also granted a purchase option to purchase up to 51% of the total shares of KuaiJin.

The purchase option is exercisable within 2 years and will be based on KuaiJin's valuation at $60 million.

Latest news about The9 Limited

Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading	10:39am	MT
The9 Limited agreed to acquire 19% stake in Wuhan Weixiang Science And Technology Co., Ltd for $ 8.16 million.	2024-06-02	CI
Asian Equities Traded in the US as American Depositary Receipts Open Week Slightly Lower in Tuesday Trading	May. 28	MT
The9 Unit Gets Publishing License for Mir M PC, Mobile Game in China	May. 24	MT
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday as Investors Hope for September Interest Rate Cuts	May. 24	MT
The9 Limited's Subsidiary China Crown Technology Limited Enters into an Exclusive Publishing License Agreement with Wemade Co., Ltd	May. 24	CI
The9 Limited announced that it expects to receive $3.5 million in funding from Finewill Capital	May. 23	CI
Asian Equities Traded in the US as American Depositary Receipts Trend Modestly Higher in Thursday Trading	May. 23	MT
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher	May. 20	MT
The9 Limited signed a definitive share purchase agreement to acquire 15% stake in Kuaijin Times Technology Co.,Ltd.	May. 19	CI
Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading But End Week 1% Lower	May. 10	MT
Asian Equities Traded in the US as American Depositary Receipts Fall Again in Friday Trading	Apr. 19	MT
Financial, Telecoms Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Sharply Lower Tuesday	Apr. 16	MT
The9 Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 15	CI
Solar, Telecoms Stocks Pull Asian Equities Traded in the US as American Depositary Receipts Lower on Wednesday	Apr. 10	MT
Asian Equities Traded in the US as American Depositary Receipts Flat in Tuesday Trading	Mar. 26	MT
The9 Limited entered into a definitive share purchase agreement to acquire additional 21.7% stake in WM Therapeutics Co., Ltd. for approximately $6.1 million.	Mar. 25	CI
SMI Vantage Enters Agreement with The9 Through Wholly-Owned Subsidiary	Mar. 11	MT
The9 Limited signed a definitive agreement to acquire 19% stake in Shenma Limited for $8.3 million.	Mar. 04	CI
Asian Equities Traded in the US as American Depositary Receipts Edge Lower in Monday Trading	Feb. 26	MT
Asian Equities Traded in the US as American Depositary Receipts Nudge Lower in Wednesday Trading	Feb. 21	MT
Zhejiang Fazhidao Information Technology Co., Ltd. announced that it has received $15.2 million in funding from The9 Limited	Feb. 18	CI
Asian Equities Traded in the US as American Depositary Receipts Move Lower in Friday Trading; End Week Down 1%	Feb. 02	MT
Asian Equities Traded in the US as American Depositary Receipts Trend Lower Friday; End Week Up Over 2%	Jan. 26	MT
Financial Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Thursday Trading	Jan. 25	MT

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Company Profile

The9 Ltd is a China-based holding company principally engaged in the Internet game business. The Company's main businesses are the operation and development of mobile phones and computer games. The Company offers online games, including massively multiplayer online role playing games (MMORPGs), massively multiplayer online first-person shooter games (MMOFPSs), Web games, social games, mobile games and television games. The Company's main products include Legend of Immortals, The World of Kings, CrossFire and others. The Company is also engaged in cryptocurrency mining and operations, as well as the development of non-fungible token platform NFTSTAR. The Company conducts business through subsidiaries in mainland China, the United States, Singapore and Hong Kong.

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Blockchain & Cryptocurrency

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Sector Cryptocurrency Mining

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