The9 (NCTY) has released an update.
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The9 Limited, a diversified high-tech Internet company, has signed a definitive agreement to acquire a 19% stake in Shenma, a digital human AIGC platform in China. The deal includes a $1.0 million cash payment and the issuance of over 417 million of The9’s restricted shares, subject to lock-up conditions and market capitalization milestones. This strategic investment marks The9’s further expansion into AI application business and blockchain operations.
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