The9 Limited announced a private placement of class A ordinary shares for the gross proceeds of $3.5 million on May 24, 2024. The transaction will include participation from new investor, Fine Vision Fund , a fund managed by, Finewill Capital. These shares to be issued are subject to the statutory lock-up period.

The invetsor will invest with upfront investment of $2.5 million and second installment of $1 million which is based on a pre-agreed condition.