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The9 ( (NCTY) ) has issued an announcement.
The9 Limited has entered into a joint venture with Shenzhen JiTuo Interactive Technology to operate an AI mobile advertising business, with The9 holding a 51% stake. This partnership is expected to enhance the marketing of The9’s upcoming games through optimized advertising solutions and contribute significantly to The9’s financial results. JiTuo has committed to an annual profit of RMB20 million in 2025, with a 50% growth target for subsequent years, impacting The9’s operational efficiency and market positioning positively.
More about The9
The9 Limited is a Nasdaq-listed Internet company since 2004, engaged in online games operation and Bitcoin mining business, aiming to be a global diversified high-tech Internet firm.
YTD Price Performance: 133.38%
Average Trading Volume: 132,916
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $157.1M
See more insights into NCTY stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
