tiprankstipranks
The9 Limited Invests in Chinese AI EduTech Firm
Company Announcements

The9 Limited Invests in Chinese AI EduTech Firm

The9 (NCTY) has released an update.

Pick the best stocks and maximize your portfolio:

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.

Related Articles
TipRanks Auto-Generated NewsdeskThe9 Limited and JiTuo Form Joint Venture for AI Mobile Advertising
TheFlyThe9 subsidiary signed joint venture agreement with JiTuo Interactive
TipRanks Auto-Generated NewsdeskThe9 and Huanyu Boost Joint Venture Revenue Projections
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App