The9 (NCTY) has released an update.
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The9 Limited, a diversified high-tech Internet company, has signed a definitive agreement to acquire a 19% stake in Shenma, a digital human AIGC platform in China. The deal includes a $1.0 million cash payment and the issuance of over 417 million of The9’s restricted shares, subject to lock-up conditions and market capitalization milestones. This strategic investment marks The9’s further expansion into AI application business and blockchain operations.
For further insights into NCTY stock, check out TipRanks’ Stock Analysis page.
