The9 (NCTY) announced that its wholly-owned subsidiary Shanghai The9 Information Technology signed a Joint Venture agreement with Chengdu Qing Cheng Network Science and Technology. The9 will hold a 51% stake and Qing Cheng will hold a 49% stake in the Joint Venture. The Joint Venture will become The9’s flagship subsidiary to operate and distribute mobile games in the China’s sinking market.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NCTY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue