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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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November 25, 2015
08:05 EDTNCTYQihoo 360 Joint Venture signs license agreement for Cross Fire 2 in China
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08:03 EDTNCTYThe9 announces joint venture obtained exclusive license in China
The9 announced that its joint venture Oriental Shiny Star Limited has entered into a license agreement with Smilegate Entertainment, a Korean game developer, for publishing and operating Cross Fire 2 on an exclusive basis for a five-year term in mainland China. In consideration for the exclusive license, JVC will make an upfront payment of US$50 million and additional payments totaling $450 million based on certain development and operation milestones, as well as royalty payments based on future sales.

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