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Stock Market & Financial Investment News

News Breaks
December 12, 2012
10:28 EDTNCTYThe9, ZTE form network technology JV, TMC News reports
The9 (NCTY) and ZTE Corporation say they will form a network technology joint venture, TMC News reports. The companies will develop an industrial demonstration base in Wuxi for value-added TV businesses, and in the coming two to three years, the JV will look to spread its interactive TV business to 90% of households and develop an interactive TV entertainment platform. Reference Link
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August 29, 2014
06:08 EDTNCTYThe9 announces sale of certain businesses for RMB 200M cash
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06:06 EDTNCTYThe9 announces System Link JV obtains publishing, operating license of Firefall
The9 (NCTY) announced that Red 5 Singapore, a subsidiary of The9, has entered into a license agreement with System Link for publishing and operating Firefall for a five-year term in mainland China. Under this license agreement, System Link Limited will pay to Red 5 Singapore at least $160M including license fee and royalties during the contract period. Firefall is a MMO shooter game developed by Red 5 Studios, a subsidiary of The9. System Link Limited is a joint venture formed by The9 and Qihoo 360 (QIHU).

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