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When Chinese gaming company The9 lost its license to operate the popular "World of Warcraft" game in China, most expected its business to take a hit. But last night the company revealed just how heavily it had come to rely on the game to drive overall revenue.
http://www.businessinsider.com/chinese-gamer-the9-feels-pain-from-loss-of-world-of-warcraft-2009-8
The9 Limited Selects Deloitte as its Independent Registered Public Accounting Firm.
NEW YORK, November 13 (newratings.com) - Analysts at JP Morgan downgrade The9 Ltd (ticker: NCTY) from "overweight" to "neutral." [more]
http://www.newratings.com/en/main/company_headline.m?id=1990304
Chinese Govt: NetEase.com Has No Approval To Operate Internet Game - ChinaTechNews.com
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SHANGHAI, Nov 18, 2009 (SinoCast Daily Business Beat via COMTEX) --
The9 Limited (Nasdaq: NCTY) is talking with South Korean online game companies over game operation, indicating that the company has recovered from the loss of World of Warcraft (WoW), disclosed a person in the know.
In early April 2009, The9 began frequently contacting with South Korean peers. Its vice president Tony Park visited NCsoft, Neowiz Corporation, NHN Corporation, and CJ Internet in succession.
Tony Park is a South Korean. He has won the operation right of Audition 2 for The9, and helped the company take a stake in G10 Entertainment. He is said to have many friends in his motherland.
Days ago, several top executives of South Korean online game companies appeared in The9's Shanghai headquarters, when the Chinese company is launching an alpha test of its proprietary action game World of Fighter (WOF).
Actually, The9 has begun preparing for its future growth even before the loss of WoW. Earlier reports said that the company would cooperate with Kingsoft Corporation Limited (SEHK: 3888), and participate in the operation of the latter's JX3 Online.
Source: www.sina.com.cn (November 18, 2009)
Tags: entertainment internet nasdaq online president shanghai south korea SinoCast China Business Daily news South Korea online game WoW Tony Park Audition 2 WOF JX3 Online
Nov 16, 2009 (Wall Street Horizon via COMTEX) --
The9 Ltd. (ADR) (NCTY)
Expected next earnings release: Announcement date: 11/23/2009 - After Market Earnings Quarter: Q3 Announcement Status: Verified
Expected next investor conference call information: Conference Call Date: 11/23/2009 Conference Call Time (ET): 8:00 PM Conference Call URL: http://phx.corporate-ir.net/phoenix.zhtml?c=187149&p=IROL-EventDetails&EventId=2518710&WebCastId=928313&StreamId=1389678
Tags: conference corporate earnings market
Companies: The9 Ltd (NCTY)
Nov 17, 2009 (Wall Street Horizon via COMTEX) --
The9 Ltd. (ADR) (NCTY)
Expected next earnings release: Announcement date: 11/23/2009 - After Market Earnings Quarter: Q3 Announcement Status: Verified
Expected next investor conference call information: Conference Call Date: 11/23/2009 Conference Call Time (ET): 8:00 PM Conference Call URL: http://phx.corporate-ir.net/phoenix.zhtml?c=187149&p=IROL-EventDetails&EventId=2518710&WebCastId=928313&StreamId=1389678
Tags: conference corporate earnings market
Companies: The9 Ltd (NCTY)
Nov 13, 2009 (SmarTrend(R) Spotlight via COMTEX) --
The9 (NASDAQ:NCTY) downgraded to Neutral from Overweight, $6.70 target, at JP Morgan. The stock closed yesterday at $7.56 on volume of 47,297 shares, below average daily volume of 105,866.
The9 Ltd is currently below its 50-day moving average of $7.88 and below its 200-day moving average of $9.97.
SmarTrend is bearish on shares of NCTY and our subscribers received a Downtrend alert on July 14, 2009 at $8.37, which has returned 9.6% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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Tags: market nasdaq securities
Companies: The9 Ltd (NCTY)
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IRVINE, Calif. – February 1, 2007 - Blizzard Entertainment, Inc. announced today that it has signed an agreement with The9 for the operation of World of Warcraft®: The Burning Crusade in mainland China.
The press release will also be posted on The9s Investor Relations section of its website located at http://www.corp.the9.
http://www.gardencast.co.uk/metal_garden_furniture/metal_garden_furniture_740.html
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http://www.newratings.com/headlines/The9-Ltd-_US88337K1043.html
Electronic Arts (EA), the world's largest game publisher, acquired a 15 percent stake in Chinese online game operator The9 in a deal reportedly worth $167 million. The deal also makes The9 the exclusive publisher of FIFA Online, a soccer game, in mainland China.
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The9 Limited is an online game operator and developer in China. The9's business is primarily focused on operating and developing high-quality games for the Chinese online game ...
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