The9 Ltd Stock Price, News & Analysis

The9 (NASDAQ: NCTY) has secured a strategic investment of US$8 million from cryptocurrency investment funds Elune Capital, Fine Vision Fund, and Bripheno Pte. The company will issue Class A common shares at a price based on the 30-day average closing price.

The agreement includes issuing 302,263,200 stock warrants (equivalent to 1,007,544 ADSs) with a two-year exercise period. Some warrants have an exercise price of US$60 per ADS, while others are conditional upon strategic cooperation and platform launch.

The9 plans to establish a new global GameFi platform, collaborating with a cryptocurrency foundation for official platform coins and a leading crypto exchange for user acquisition. The company intends to issue 10% of its shares within 3 years to support GameFi coin operations.

The9 (NCTY) has announced a strategic joint venture with Chengdu Qing Cheng Network Science and Technology to focus on mobile game operation and distribution in China's sinking market. The9 will hold a 51% stake in the venture, while Qing Cheng will hold 49%.

Qing Cheng has committed to achieving an annual profit of RMB80 million (US$11 million) in 2025, with a guaranteed 50% profit increase annually in 2026 and 2027. The9 will grant Qing Cheng 110,232,600 restricted shares, which will be unlocked based on profit achievements.

According to QuestMobile's 2024 report, mobile Internet users in lower-tier markets reached 647 million, representing 52.6% of China's mobile Internet market. Qing Cheng employs an e-commerce-like strategy with virtual incentives to enhance gamer participation in lower-tier cities through offline distribution channels and gaming KOLs.

The9 (NCTY) has announced a new joint venture agreement with Shenzhen JiTuo Interactive Technology, an AI algorithms mobile advertising company in China. The9 will hold a 51% controlling stake in the venture, which will focus on AI-driven mobile advertising and marketing solutions for The9's upcoming games, including MIR M.

JiTuo has committed to achieving an annual profit of RMB20 million (US$2.8 million) in 2025, with a 50% yearly profit growth in 2026 and 2027. The9 will grant JiTuo 28,110,000 restricted shares (93,700 ADSs), unlocked based on profit achievement. The joint venture will leverage JiTuo's AI model and data algorithm system to optimize advertising placement and app store performance.

The9 (Nasdaq: NCTY) announced that its subsidiary signed an amendment agreement with joint venture partner Huanyu, increasing committed annual revenue targets for 2025 from RMB600 million to RMB900 million (US$124 million) and profit targets from RMB200 million to RMB300 million (US$41 million). The joint venture, established in September 2024 with The9 holding 51% stake, will maintain its commitment to 30% annual growth in 2026 and 2027.

The venture will operate various games including MIR M, with The9 granting exclusive rights for certain iOS and Android channels. The9 issued 475,102,500 restricted shares to Huanyu, equivalent to 1,583,675 ADSs, which will unlock based on 2025 business results.

DDC Enterprise (NYSEAM: DDC) has appointed George Lai as an independent member of its Board of Directors, replacing Ms. Wei Qiao who resigned on November 30, 2024. Lai will serve on all Board Committees and chair the Audit Committee as the designated financial expert.

Lai brings significant financial expertise as the current CFO of The9 (NASDAQ: NCTY) since 2008 and board member since 2016, where he oversees Bitcoin mining operations and financial management. He also serves as an independent director at Qingdao Port International. His previous experience includes eight years at Deloitte Touche Tohmatsu, working in Hong Kong, New York, and Beijing offices, where he participated in numerous IPO projects and assisted public companies with accounting matters.

NIP Group has formed a strategic partnership with The9 's subsidiary China Crown to develop MIR M into a competitive esports title. The collaboration focuses on three key areas: in-game esports integration, tournament system development, and promotion/marketing. China Crown holds the exclusive publishing license for MIR M in Mainland China since May 2024. The partnership aims to create a commercialized tournament ecosystem and expand the game's market presence through NIP Group's esports expertise and The9's gaming experience.

The9 (Nasdaq: NCTY) has announced an extraordinary general meeting (AGM) scheduled for December 27, 2024, in Hong Kong. The AGM will vote on three key proposals: the re-election of four directors, an increase in authorized share capital to US$500,000,000, and amendments to the company's memorandum and articles of association. Additionally, the Board has approved the issuance of 50,000,000 Class B ordinary shares to CEO Mr. Jun Zhu to maintain management control amid expected business expansion in AI and online gaming sectors. The record date is set for November 25, 2024.

The9 (Nasdaq: NCTY) has announced a joint venture with ShaoXing TongZe Network Technology Co., to operate an AI algorithms and big data marketing business. The9 will hold a 51% stake in the joint venture, which will become one of its consolidated subsidiaries. TongZe has committed to reaching over 100 million pan-MIR tag users and 30 million paid MIR users, projecting an annual profit of more than RMB100 million (approximately US$14 million) in 2025.

The9 will grant TongZe restricted shares worth RMB 42.5 million, to be unlocked based on the joint venture's 2025 profit achievement. The partnership aims to utilize AI technology and big data for more efficient marketing of online games, particularly for The9's upcoming new MIR game, MIR M. TongZe's CEO expressed confidence in achieving the committed profit target for the joint venture in the next year.

The9 (NCTY) has announced a joint venture with Zhejiang Huanyu Network Technology to operate the new MIR game, MIR M, for mobile and PC. The9 will hold a 51% stake in the joint venture, which is expected to become a consolidated subsidiary. Huanyu has committed to annual revenue of RMB600 million (US$84 million) and profit of RMB200 million (US$28 million) for 2025, with a 30% annual increase in 2026 and 2027.

The9 will grant Huanyu restricted shares worth approximately RMB98 million, to be unlocked based on achieving business commitments. The company's total sales target for MIR M in 2025 is RMB2 billion. This partnership aims to leverage the MIR IP and attract existing MIR players to the new game.