The9 (NCTY) has released an update.
The9 Limited has formed a joint venture with ShaoXing TongZe Network Technology to delve into the AI algorithms and big data marketing sector, aiming to enhance the marketing of The9’s new MIR game. The partnership commits to generating over RMB100 million in annual profits by 2025, and plans to target over 130 million potential and paid users with advanced AI-driven marketing strategies. The9, holding a majority 51% stake, will issue restricted shares to TongZe as part of the deal.
For further insights into NCTY stock, check out TipRanks’ Stock Analysis page.