The9 (NCTY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The9 Limited, an established Internet company, has entered a definitive agreement to acquire a 19% stake in Weixiang, an AI-powered educational technology firm in China, with an option to increase its shareholding to 51%. The deal includes cash and restricted share payments, with additional shares to be released upon reaching certain market capitalization milestones or Weixiang’s IPO. Weixiang’s technology focuses on enhancing educational content and engagement through AI-driven content creation, live streaming, and smart customer service.
For further insights into NCTY stock, check out TipRanks’ Stock Analysis page.
