The9 Limited, together with its subsidiaries, operates as an Internet company in the People's Republic of China. It engages in the operation of cryptocurrency mining; and NFTSTAR, a NFT trading and community platform that provides users with purchase, trade, and interactive activities. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.
The9's Investee Nanyang Biologics (NYB) Advancing toward Nasdaq Listing after RFAI Cleared Vote at Shareholders Extraordinary General Meeting
The9 announced that its strategic investee, Nanyang Biologics (NYB), received shareholder approval from RF Acquisition Corp II (RFAI) to proceed with a business combination aimed at listing on Nasdaq.
Upon the closing of the transaction, The9 expects to hold approximately 15% to 16% of the combined, publicly listed company, marking progress in its strategy to invest in AI-driven technologies.
NYB utilizes its proprietary Vecura AI platform to discover drug candidates from a library of over one million natural compounds.