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The9 Establishes Another Joint Venture to Operate AI Mobile Advertising Business

$APP
$NCTY
Computer Software: Programming Data Processing
Technology
Finance: Consumer Services
Finance
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Recent Analyst Ratings for
$APP
$NCTY

CompanyDatePrice TargetRatingAnalyst
Applovin Corporation
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1/10/2025$375.00Buy
The Benchmark Company
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11/20/2024$400.00Overweight
Piper Sandler
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11/8/2024$80.00 → $280.00Neutral → Outperform
Daiwa Securities
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10/29/2024$200.00Overweight
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10/22/2024$181.00Buy
Loop Capital
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10/14/2024$103.00 → $150.00Buy → Neutral
Goldman
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9/17/2024$100.00 → $145.00Neutral → Buy
UBS
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5/2/2024$70.00 → $93.00Buy
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    Adjust Gaming App Insights 2025 report details data-backed growth opportunities for marketers amid shifting engagement trends and monetization strategies Leading measurement and analytics company Adjust today released its annual Gaming App Insights 2025 report, showing a resilient gaming industry on the other side of a challenging 2023. Global gaming app installs increased by 4% YoY in 2024, but sessions dipped slightly (-0.6%) – making 2025 a moment to maintain momentum while improving core metrics like retention and user stickiness. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250314915427/en/While hyper casual, hybrid casua

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  • The9 Establishes Joint Venture to Focus on Mobile Game Operation and Distribution in China's Sinking Market

    Joint Venture Partner Committed Annual Profit of RMB80 Million and 50% Annual Growth SHANGHAI, Feb. 21, 2025 /PRNewswire/ -- The9 Limited (NASDAQ:NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed a Joint Venture agreement (hereinafter referred to as the "Agreement") with Chengdu Qing Cheng Network Science and Technology Co., Ltd. (hereinafter referred to as "Qing Cheng"), a leading mobile game operation and distribution company focusing on serving gamers in China's sinking market. The9 will hold a 51% stake and Qing Cheng will hold a 49% stake in the Joint Venture. The Joint Venture will be

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  • AppLovin Announces Fourth Quarter and Full Year 2024 Financial Results

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  • DDC Enterprise Ltd. Appoints George Lai to Board of Directors

    DDC Enterprise, Ltd. (NYSEAM:DDC), ("DayDayCook," "DDC," or the "Company"), a leading multi-brand Asian consumer food company, today announced that it has appointed George Lai as an independent member of the Board of Directors. George was also appointed to serve on each Committee of the Board of Directors, including the Audit Committee where he will serve as the designated financial expert and Chair. George replaces Ms. Wei Qiao who resigned from the Board on November 30, 2024. "George brings a strong background in finance and accounting to our Board, with his CFO and Board experience with other public companies," commented Norma Chu, CEO and Chair of the Board of Directors. "George's ins

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  • AppLovin Corporation to Join the Nasdaq-100 Index® Beginning November 18, 2024

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  • The9 Establishes Joint Venture to Focus on Mobile Game Operation and Distribution in China's Sinking Market

    Joint Venture Partner Committed Annual Profit of RMB80 Million and 50% Annual Growth SHANGHAI, Feb. 21, 2025 /PRNewswire/ -- The9 Limited (NASDAQ:NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed a Joint Venture agreement (hereinafter referred to as the "Agreement") with Chengdu Qing Cheng Network Science and Technology Co., Ltd. (hereinafter referred to as "Qing Cheng"), a leading mobile game operation and distribution company focusing on serving gamers in China's sinking market. The9 will hold a 51% stake and Qing Cheng will hold a 49% stake in the Joint Venture. The Joint Venture will be

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  • The9 Establishes Another Joint Venture to Operate AI Mobile Advertising Business

    Joint Venture Partner Committed Annual Profit of RMB20 Million and 50% Annual Growth SHANGHAI, Dec. 16, 2024 /PRNewswire/ -- The9 Limited (NASDAQ:NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed a Joint Venture agreement (hereinafter referred to as the "Agreement") with Shenzhen JiTuo Interactive Technology Co., Ltd. (hereinafter referred to as "JiTuo"), an AI algorithms mobile advertising company in China. JiTuo is a game development partner with AppLovin Corporation (NASDAQ:APP) in China. It is also an agency partner for Apple Search Ads in China. The9 will hold a 51% stake and JiTuo wil

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  • The9 Joint Venture Partner Increased Committed Annual Revenue to RMB900 Million and Profit to RMB300 Million from RMB600 and RMB200M Respectively

    SHANGHAI, Dec. 6, 2024 /PRNewswire/ -- The9 Limited (NASDAQ:NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed an amendment agreement to joint venture agreement (hereinafter referred to as the "Agreement") with its joint venture partner Zhejiang Huanyu Network Technology Co., Ltd. (hereinafter referred to as "Huanyu"), a Chinese game development and operation company. Huanyu originally committed that the Joint Venture will have game revenues of at least RMB600 million and a profit of RMB200 million in 2025. Based on the Agreement, Huanyu increased its commitment that the Joint Venture will ha

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