The9 (NCTY) has released an update.
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Internet company The9 Limited has secured a $3.5 million strategic investment from Fine Vision Fund, a subsidiary of Finewill Capital, aiming to propel The9 as a leader in the burgeoning market of traditional and Web3 gaming. The investment will be executed in two phases, with Fine Vision Fund purchasing Class A ordinary shares at a premium based on recent average closing prices. This partnership underscores both companies’ commitment to fostering growth and innovation within the global gaming industry.
For further insights into NCTY stock, check out TipRanks’ Stock Analysis page.
