Company News: Page (1) of 1 - 07/31/14 Email this story to a friend. email article Print this page (Article printing at page facebook

The9 Limited Announces Forming a Joint Venture with Qihoo 360

  (July 31, 2014)

SHANGHAI, July 31, 2014 /PRNewswire-FirstCall/ -- The9 Limited (NASDAQ: NCTY) ("The9"), an online game developer and operator, announced that The9 and Qihoo 360 Technology Co., Ltd. ("Qihoo 360") had entered into an agreement today to form a joint venture. Pursuant to the joint venture agreement, The9 and Qihoo 360 will each own 50% equity interest in the joint venture and share profits according to this ratio.

The9 and Qihoo 360 agreed that the joint venture will publish and operate Firefall, a MMO Shooter game developed by Red 5 Studios, Inc., a subsidiary of The9, for a three-year term in China and may be renewed for additional two years upon satisfaction of certain conditions. The license and distribution agreement will be signed separately between the joint venture and the developer.

About The9 Limited

The9 Limited is an online game developer and operator. The9 develops and operates, directly or through its affiliates, its proprietary MMO, web and mobile games including Firefall and NBA web and mobile games. In 2010, The9 established its Wireless Business Unit to focus on mobile internet business including mobile reading platform KingReader and mobile advertising platform Juzi . In 2013, The9 formed a joint venture with Shanghai ZTE to develop and operate home entertainment set top box business.

For further information, please contact:

Ms. Phyllis Sai
Manager, Investor Relations
The9 Limited
Tel: +86 (21) 5172-9990

SOURCE The9 Limited

Copyright 2014 PR Newswire. All Rights Reserved

Page: 1

Related Keywords:Home, Gaming, Internet, online game, Gaming, Web, Game Development, Marketing/Distribution, Internet/Web, Business, Internet, Web, Inc., Business, Internet Technology, Game Technology, Business, Entertainment, Internet,

Content-type: text/html  Rss  Add to Google Reader or
Homepage    Add to My AOL  Add to Excite MIX  Subscribe in
NewsGator Online 
Real-Time - what users are saying - Right Now!

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved