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The9 Limited (Nasdaq: NCTY) is a diversified high-tech Internet company headquartered in Shanghai, listed on Nasdaq since 2004. Initially known for securing the exclusive license to operate and distribute the popular online game World of Warcraft in China, The9 has since expanded its operations into several cutting-edge sectors.
The9 operates a robust cryptocurrency mining business, providing computing power to Bitcoin mining pools in exchange for a fractional share of Bitcoin. This solid revenue stream is complemented by their initiatives in AI and blockchain technology.
One of The9's notable projects is Shenma.io, a digital human SaaS platform driven by AI-generated content (AIGC). With 350,000 registered users and a library of 150,000 short video scripts, Shenma.io allows users to create and monetize digital human clones with proprietary cloning technology, enhancing content management and engagement.
The9's strategic expansion into AI applications is further evidenced by their investment in WM Therapeutic, a company developing AI-driven solutions for brain diseases. The recent acquisition of a 21.7% share in WM Therapeutic brings The9's total stake to 30%, with an option to increase this to 51%. WM Therapeutic uses GenAI and multi-dimensional omics technology for precision diagnostics and treatment of central nervous system disorders.
Another significant venture is The9’s partnership with Kuaijin Shidai, an AI-powered retail platform transforming traditional stores into unmanned retail outlets, significantly reducing operational costs and enhancing profitability. The9 has purchased a 15% stake in Kuaijin, with an option to increase this to 51%.
In the education sector, The9 has acquired a 19% stake in Weixiang, an AI-powered educational technology company. Weixiang leverages AI to enhance online schooling through platforms like TikTok and WeChat, reaching millions of followers and providing innovative educational solutions.
The9 continues to show strong growth and diversification, focusing on blockchain technology, AI applications, and strategic investments in high-potential companies. With a commitment to technological innovation and market expansion, The9 aims to solidify its position as a leader in the global tech industry.
The9 Limited (Nasdaq: NCTY) held its annual general meeting in Shanghai on December 19, 2022, where shareholders approved the re-election of Mr. Jun Zhu as a Class III Director. He will serve a three-year term until the 2025 Annual General Meeting. The9 Limited is a Chinese Internet company listed on Nasdaq since 2004, focusing on becoming a diversified high-tech Internet firm.
The9 Limited (Nasdaq: NCTY) announced its annual general meeting (AGM) will take place on December 19, 2022, at 2:00 p.m. Shanghai time, at its office in Shanghai. The record date for shareholders to vote is November 18, 2022. Shareholders and American Depositary Shares (ADS) holders are encouraged to support the proposed resolution detailed in the AGM notice. The notice and proxy forms are available on the company's website. The9, a Nasdaq listed company since 2004, focuses on blockchain activities including cryptocurrency mining and NFT platforms.
NFTSTAR has announced its partnership with The Sandbox to create a Global Sports Village in the metaverse featuring stars like Neymar JR., Son Heung-Min, and Luis Figo. This initiative aims to engage sports fans through virtual experiences, exclusive NFT drops, and a virtual sports arena. The collaboration aims to foster a community focused on sports and gaming. NFTSTAR is backed by The9 Limited (Nasdaq: NCTY) and aspires to build a significant sports fandom platform integrating Web3 technology.
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