JV acquisition gives THE9 (NASDAQ: NCTY) control to operate two mobile games

Rhea-AI Filing Summary

THE9 Limited filed a Form 6-K indicating it issued a press release about a joint venture acquisition. The transaction involves operating its proprietary mobile games Ultraman: Hero Beyond Time and Glory All Stars. The filing itself mainly serves to furnish this press release as an exhibit.

Insights

Equity research analyst

THE9 flags a new JV to run two proprietary mobile games.

THE9 Limited is highlighting a joint venture acquisition connected to its mobile titles Ultraman: Hero Beyond Time and Glory All Stars. This suggests a structured arrangement to operate these games through a JV entity rather than directly.

The information provided focuses only on the existence of the JV acquisition and the specific games involved, without detailing ownership percentages, financial terms, or expected revenue impact. As a result, the strategic and financial materiality cannot be assessed from this excerpt alone.

Subsequent disclosures in company communications or future filings may provide more detail on the JV’s economics, governance, and performance metrics, which would clarify how significant this move is within THE9’s broader gaming business.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-34238

THE9 LIMITED

17 Floor, No. 130 Wu Song Road

Hong Kou District, Shanghai 200080

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x  Form 40-F  ¨

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release – The9 Announces JV Acquisition to Operate Proprietary Mobile Games Ultraman: Hero Beyond Time (奥特曼:超时空英雄) and Glory All Stars (荣耀全明星)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	THE9 LIMITED
	By	:	/s/ George Lai
	Name:	:	George Lai
	Title:	:	Director and Chief Financial Officer

Date: September 19, 2025

FAQ

What did THE9 Limited (NCTY) disclose in its September 2025 Form 6-K?

THE9 Limited disclosed that it issued a press release about a joint venture acquisition. The JV is related to operating its proprietary mobile games Ultraman: Hero Beyond Time and Glory All Stars, and the 6-K primarily furnishes this press release as an exhibit.

Which games are covered by THE9 Limited’s new joint venture acquisition?

The joint venture acquisition involves two proprietary mobile games. These are Ultraman: Hero Beyond Time and Glory All Stars. The filing indicates the JV will operate these titles, signaling a focused structure around these specific game properties.

Is the full JV acquisition detail included in THE9 (NCTY)’s 6-K filing?

The 6-K mainly points to a separate press release for details. It lists the press release describing the joint venture acquisition as Exhibit 99.1, without including financial terms or operational specifics in the main body of the filing excerpt.

Why is THE9 Limited’s joint venture acquisition reported on a Form 6-K?

The JV acquisition is reported on Form 6-K to update U.S. investors. Foreign private issuers like THE9 use Form 6-K to furnish material information, here highlighting the joint venture to operate Ultraman: Hero Beyond Time and Glory All Stars.

Does THE9 Limited’s 6-K specify financial terms of the JV for Ultraman: Hero Beyond Time?

The excerpted 6-K content does not present financial terms. It only identifies that a press release, filed as Exhibit 99.1, announces a joint venture acquisition to operate Ultraman: Hero Beyond Time and Glory All Stars, without monetary figures in this text.