NCTY
From China Stock Market
The9 Limited engages in the development and operation of online games in China. The company operates World of Warcraft, a massively multiplayer online role playing game (MMORPG). It also operates other licensed MMORPGs, including MU, a 2.5D quarter-view MMORPG; and Mystina Online. In addition, the company has licenses to operate other games, such as Granado Espada, SUN, Guild Wars, Joyful Journey West, and Hellgate: London, an action role playing game. Its other products and services primarily consist of its the9 City, an online virtual community; game operating support; website solutions and advertisement services; SMS service; and sale of its Pass9 system. The company was co-founded by Jun Zhu and Jie Qin in 1999 under the name GameNow.net Limited and changed its name to The9 Limited in 2004. The9 is headquartered in Shanghai, China.
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How To Invest
The9 Limited has its ADR traded on the Nasdaq stock market under ticker symbol NCTY.
Competitors
One of NCTY's competitor Shanda Interactive is the biggest online game operator in China.
Key Development
Video game giant Electronic Arts is rumorred to buy 20% of The9 Limited for US$200 million.
