NCTY Surges Following Joint Venture Agreement in AI and Big Data Marketing

1 day ago

On Wednesday, shares of The9 Limited (NCTY, Financial) opened over 6% higher and extended their gains to 7.36%, trading at $7.88. The rise in stock price follows the announcement of a joint venture agreement.

The9 Limited’s subsidiary, Shanghai The9 Information Technology, signed an agreement with ShaoXing TongZe Network Technology. The partnership aims to develop and operate artificial intelligence algorithms and big data marketing businesses, which are expected to drive growth and innovation for the company.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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