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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) announced its annual general meeting (AGM) for shareholders on December 22, 2021, at 2:00 p.m. in Shanghai. The board supports proposed resolutions for the AGM and a concurrent Class B Meeting for Class B shareholders. The record date for shareholder eligibility is set for November 26, 2021. The company has also filed its annual report for the fiscal year ending December 31, 2020, with audited financial statements available to shareholders via email or their website.
The9 Limited (Nasdaq: NCTY) has announced a significant partnership with soccer star Neymar Jr. through its NFT trading platform, NFTSTAR. The exclusive license agreement allows NFTSTAR to create and sell digital collectibles featuring Neymar's career highlights. These NFTs will be developed in collaboration with NR SPORTS and will offer unique ownership records on the blockchain. This initiative aims to connect NFTs with a broader audience by accepting standard payment methods, enhancing accessibility for global users. The platform aspires to expand into various entertainment sectors.
The9 Limited (Nasdaq: NCTY) announced that its NFT platform, NFTSTAR, has reached 180,000 pre-registered users from 176 countries ahead of its official launch on December 17, 2021. The platform features NFTs from various global sports stars, including Christian McCaffrey and Giannis Antetokounmpo. Users can purchase and trade NFTs while using conventional payment methods like credit cards. All pre-registered users will receive a unique NFTSTAR Community ID as a limited edition collectible at launch. The9 aims to create a significant portal to the metaverse through this platform.
The9 Limited (Nasdaq: NCTY) announced an exclusive licensing agreement with NBA MVP Giannis Antetokounmpo and his brothers for NFTSTAR, its NFT trading platform. The Antetokounmpo brothers will serve as global ambassadors and shareholders. NFTSTAR will develop and trade NFT collections highlighting their careers and beliefs. The platform aims to facilitate NFT transactions with traditional payment methods and foster a community featuring celebrity-endorsed collectibles.
The9 Limited (Nasdaq: NCTY) announced an exclusive license agreement with South Korean football star Son Heung-min for NFT collections via its platform, NFTSTAR. This partnership will allow NFTSTAR to develop and trade authorized digital collectibles featuring Son's career highlights. The platform facilitates NFT transactions using blockchain technology and aims to engage global users by accepting various payment methods, including credit cards. The9 also focuses on expanding its blockchain and cryptocurrency operations, enhancing its position in the NFT market.
The9 Limited (Nasdaq: NCTY) has partnered with soccer legend Luís Figo to launch an exclusive NFT collection through its platform, NFTSTAR. This agreement allows NFTSTAR to develop, sell, and trade Figo-authorized NFTs, celebrating his career and personal milestones. Figo expressed excitement for this venture, aiming to offer fans unique digital collectibles. NFTSTAR will accommodate various payment methods, promoting accessibility for fans globally. The platform's ambition is to create a vibrant metaverse through diverse NFT collections from various superstars.
The9 Limited (Nasdaq: NCTY) has partnered with NFL star Christian McCaffrey through its NFT community platform, NFTSTAR. This exclusive agreement allows NFTSTAR to develop, sell, and trade NFT collections featuring McCaffrey's highlights. McCaffrey, a notable player with the Carolina Panthers, was previously the highest-paid running back in NFL history. NFTSTAR aims to integrate various superstar NFTs across fields, enhancing user experience by allowing general payment methods like credit cards for transactions.
NBTC Limited, a subsidiary of The9 (Nasdaq: NCTY), has partnered with Compute North to deploy over 32MW of capacity for 10,000 Bitmain S19j miners in the U.S., starting Q2 2022. An additional 14,000 miners will be hosted in Canada beginning December 2021. This expansion aims for a hash rate of 2,160PH/S, promoting efficient and eco-friendly mining solutions. Compute North's commitment to sustainability and power efficiency aligns with NBTC's strategic goals, enhancing cryptocurrency mining capabilities while supporting local power markets.
The9 Limited (Nasdaq: NCTY), Polygon, and Protocol Labs are collaborating on The9's NFT platform, NFTSTAR, and GameFi projects. NFTSTAR, expected to launch in Q4 2021, will facilitate NFT trading and interactive experiences featuring licensed IP collections from global stars. Polygon will support the technical operations of both NFTSTAR and GameFi projects, while NFT collectibles will be stored on IPFS and Filecoin networks. The collaboration also aims to establish a GameFi fund for investment in promising projects, inviting other organizations to join this ecosystem.
The9 Limited (NCTY) has entered a non-binding investment memorandum with Kazakhstan's LGHSTR Ltd. to establish a joint venture in Kazakhstan. NBTC, a wholly-owned subsidiary of The9, will hold a 51% stake while LGHSTR will hold 49%. The joint venture aims to develop cryptocurrency mining sites with a capacity of 200MW over the next two years, beginning with a planned completion of 20MW by September 2021. The company expects to restore significant hash power and expand its mining operations globally, leveraging low-cost electricity sources.
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