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MarketScreener Homepage  >  Equities  >  Nasdaq  >  The9 Limited    NCTY

THE9 LIMITED

(NCTY)
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The9 : The9and Voodoo Signed Cooperation and Publishing Agreement

09/21/2020 | 04:15am EST
Shanghai, China, September 21, 2020, The9Limited (Nasdaq: NCTY) ("The9"), an established Internet company, todayannounced that it has signed an Agreement with Voodoo, a French game developerand publisher. The9 and Voodoo will collaborate on the publishing and operationof casual games in mainland China. The9 will publish and operate under thisagreement two, with an option for a third, casual game with strong IAP (In AppPurchase) licensed by Voodoo.

Voodoo is one of the world's largest developers and publishers of casual gamesand hyper-casual games. Voodoo's games have been downloaded 3.7 billion timeson iOS and Android phones cumulatively up-to-date, with monthly active users of300 million. Voodoo has released more than 100 games, which are widely welcomedby players, many of which have become successful intellectual properties("IPs").

Chris Shen, the President of The9 said, "With the expansion of the game userbase, casual games have shown rapid development prospects in China andworldwide. Through our strategic cooperation with Voodoo to jointly publish andoperate a variety of casual games in China, we can leverage the popularity ofhigh-profile game IPs in the Chinese market to grow our casual game marketshare. Based on Voodoo's rich experience in data-driven game optimization, andits ownership of a large number of famous game IPs, we believe that Voodootogether with The9 have a great advantage in the field of casual gamepublishing in the mainland China market. I believe that players will befascinated by the new look and richer game play of these well-knownhyper-causal games, which will bring a new trend to the casual game market."

Hubert Larenaudie, COO of Voodoo commented "Voodoo sees tremendous growthopportunity in China. Collaborating with The9 to adapt two upcoming casualtitles will be our first effort on having In App Purchase focused games inChina. Voodoo will build up the core of its business in China through thepartnership with Tencent to bring our hyper-casual games to Chineseplayers."


About The9 Limited

The9Limited (The9) is an Internet company based in China listed on Nasdaq in 2004.The9 aims to become a diversified Internet company.


Safe Harbor Statement

Thisannouncement contains forward-looking statements. These statements are madeunder the "safe harbor" provisions of the United States Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements can beidentified by terminology such as "will," "expects," "anticipates," "future,""intends," "plans," "believes," "estimates" and similar statements. Such statementsare based upon management's current expectations and current market andoperating conditions and relate to events that involve known or unknown risks,uncertainties and other factors, all of which are difficult to predict and manyof which are beyond The9's control. The9 may also make written or oralforward-looking statements in its periodic reports to the SEC, in its annualreport to shareholders, in press releases and other written materials and inoral statements made by its officers, directors or employees to third parties.Statements that are not historical facts, including statements about The9'sbeliefs and expectations, are forward-looking statements. Forward-lookingstatements involve inherent risks and uncertainties. A number of factors couldcause actual results to differ materially from those contained in anyforward-looking statement, including but not limited to the following: The9'sgoal and strategies; The9's expansion plans; The9's future businessdevelopment, financial condition and results of operations; The9's expectationsregarding demand for, and market acceptance of, its products and services;The9's expectations regarding keeping and strengthening its relationships withbusiness partners it collaborates with; general economic and businessconditions; and assumptions underlying or related to any of the foregoing.Further information regarding these and other risks is included in The9'sfilings with the SEC. All information provided in this press release and in theattachments is as of the date of this press release, and The9 does notundertake any obligation to update any forward-looking statement, except asrequired under applicable law.



Forfurther information, please contact:

Ms.Connie Sun

InvestorRelations Specialist

The9Limited

Tel:+86-21-6108-6080

Email:IR@corp.the9.com

Disclaimer

The9 Limited published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2020 08:14:17 UTC


© Publicnow 2020
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Sales 2019 0,34 M 0,05 M 0,05 M
Net income 2019 -191 M -28,9 M -28,9 M
Net Debt 2019 594 M 90,2 M 90,2 M
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