The9 Ltd Stock Price, News & Analysis

Nanyang Biologics (NASDAQ:RFAI) has announced a $1.5 billion business combination agreement with RF Acquisition Corp II to become publicly listed under ticker "NYB". The company operates an AI-driven drug discovery platform with its flagship Vecura™ AI platform powered by proprietary DTIGN technology, which outperformed competitors by 27% in 2024 benchmarking tests.

NYB's leading candidate, NB-A002, is a first-in-class oncology therapy targeting the undruggable ILF2 protein, positioned to address the $19.5 billion DDR therapy market by 2030s. The company has established a strategic joint laboratory with Nanyang Technological University Singapore (NTU) and collaborates with major tech partners including NVIDIA, HP, and Equinix.

The transaction is expected to close in Q1/Q2 2026, with existing shareholders retaining majority ownership and board control.

The9 Limited (Nasdaq: NCTY) announced that its Singapore investee Nanyang Biologics (NYB) will merge with RF Acquisition Corp II (NASDAQ: RFAI) in a $1.5 billion SPAC deal. The combined company will list on Nasdaq under ticker "NYB" in Q1-Q2 2026.

NYB, winner of the SuperAI Genesis Startup Competition 2025, has partnered with Nvidia, HP Enterprise, and Equinix to build the world's largest natural compound library for AI drug discovery. The company's lead candidate, NB-A002, has shown promising preclinical results as the first therapy targeting ILF2 for cancer treatment.

The company's proprietary DTIGN platform has mapped extensive molecules and maintains a diverse living library of over 50,000 unique organisms and their chemical compounds for drug development.

The9 Limited (Nasdaq: NCTY) has issued an urgent warning about unauthorized impersonation of the9bit on a crypto platform. The company emphasizes that the9bit has not yet launched or endorsed any tokens on any crypto exchange, making all current listings fraudulent.

On a positive note, the9bit's Web3.5 GameFi platform has reached 3 million registered users, up from 2 million recently. According to the $9BIT whitepaper, The9 will receive 19% of the $9BIT token supply, with an expected listing on a major crypto exchange before December 31, 2025.

The9 Limited (Nasdaq: NCTY) has announced a strategic acquisition of 51% equity in Shanghai ZhongXinShun Network Technology through its subsidiary. The deal, valued at approximately US$16.2 million (combining US$9.7M cash and US$6.5M in restricted shares), will be paid in installments based on profit achievements over 3 years.

The Joint Venture will operate two key mobile games: Glory All Stars, an action RPG that has generated over RMB2 billion in revenue with a 40% gross margin, and Ultraman: Hero Beyond Time, a new action RPG based on the Ultraman IP with 2.5 million registered users during beta testing. Quarterly dividends will be distributed according to shareholding ratios.

The9 Limited (NASDAQ: NCTY) is set to receive 19% of the total $9BIT token supply following the release of the $9BIT whitepaper by 9BIT Foundation. The token, expected to be listed on a major crypto exchange by December 31, 2025, will power the9bit, The9's Web3.5 gaming platform that has already attracted over 2 million users.

The platform aims to bridge traditional finance with Web3 innovation through a Web2-first, Web3-enhanced approach, featuring auto-custodial wallets and fiat on-ramps. The ecosystem will be sustained by revenue streams from IP game sales, game reloads, and ad revenues, focusing on rewarding players for engagement and enabling creators to monetize their content.

The9 Limited (Nasdaq: NCTY) announced that its Web3.5 GameFi platform the9bit has reached 2 million users since its August 2025 launch. The platform, which combines traditional gaming with blockchain rewards, doubled its user base in just over a month, primarily driven by strong adoption in Southeast Asia.

The platform features "Spaces" that reward users for game purchases, gameplay, and content creation across AAA console and mobile games. At Coinfest Asia 2025 in Bali, the platform attracted over 10,000 attendees. the9bit offers local fiat payment options and auto-custodial wallets, supported by partnerships with Capcom and Vocagame for in-game purchases.

The9 Limited's (NASDAQ: NCTY) gaming platform, the9bit, has successfully concluded its $1 Million August Fiesta campaign, with three lucky winners sharing $180,000 in the final phase. The platform has achieved remarkable growth, reaching nearly 2 million registered users within two months of its global launch.

The campaign was structured in three phases, distributing $100,000 in Phase 1, $400,000 in Phase 2, and $600,000 in Phase 3. The grand prize winners received $100,000, $50,000, and $30,000 respectively, selected through a raffle system based on user engagement activities.

The platform integrates popular games like Monster Hunter and Street Fighter from Capcom, and plans to expand its game offerings, creator tools, and community events.

The9 Limited (Nasdaq: NCTY) announced its GameFi platform the9bit has reached 1 million users within one month of launch. The platform aims to transform traditional gaming experiences by integrating Web3 rewards for game purchases.

Martin Hoon, Head of Web3 at The9 Limited, emphasized the platform's focus on Web2 gamers and announced upcoming Web3 rewards distribution. The company positions the9bit as a Web3.5 initiative combining gaming, players, and finance to disrupt traditional Web2 gaming.

The9 Limited (Nasdaq: NCTY) has announced a strategic partnership between its subsidiary's gaming platform the9bit and Yield Guild Games (YGG), the world's largest Web3 gaming guild. The partnership, launching on August 1, 2025, aims to accelerate global Web3 gaming adoption.

YGG brings significant reach through 11 regional guild partners across emerging markets and 105 Onchain Guilds. The9bit platform will integrate with YGG's onboarding channels, offering exclusive benefits to YGG members including early feature access, enhanced mission bonuses, and special community grants.

The platform features auto-generated wallets, local fiat payments, and token-convertible rewards, focusing on creating an accessible Web3 gaming experience for mainstream users.