The9 Limited announced that its wholly-owned subsidiary, Shanghai The9 Information Technology Co., Ltd., signed an amendment agreement with Zhejiang Huanyu Network Technology Co., Ltd. for their joint venture.
Huanyu increased its commitment for the Joint Venture's 2025 game revenues to at least RMB900 million, approximately US$124 million, up from the original RMB600 million. The committed profit for 2025 was also raised to RMB300 million, approximately US$41 million, from RMB200 million.
The committed annual growth of game revenues and profit by at least 30% in 2026 and 2027 remains unchanged. The Joint Venture, established in September 2024, is a consolidated subsidiary of The9 and holds exclusive rights to publish, market, and distribute 'MIR M' through designated iOS and Android channels.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.