Market Capitalization Overview - The market capitalizations of various companies are listed, with notable figures including 74.11 billion, 88.55 billion, and 76.47 billion [2] - Companies such as SON, VIPS, and TAL have market caps of 72.19 billion, 60.28 billion, and 55.72 billion respectively [2] Stock Performance - Stock price changes are highlighted, with SON showing a decrease of 0.95 (-1.99%) while VIPS increased by 0.15 (+0.85%) [2] - Other companies like TAL and Lufax also experienced minor fluctuations, with TAL decreasing by 0.04 (-0.49%) and Lufax increasing by 0.96 (+3.75%) [2] Additional Company Insights - Companies such as Huya and Yatsen have market caps of 8.06 billion and 3.27 billion respectively, with stock price changes of -0.03 (-0.77%) and 0.00 (0.00%) [2] - The performance of companies like New Oxygen and Huami Technology is also noted, with market caps of 83.07 million and 37.63 million, showing no change in stock price [3] Summary of Smaller Companies - Smaller companies like Tuniu and Cheetah Mobile have market caps of 1.08 billion and 1.17 billion respectively, with Tuniu experiencing a slight decrease of -0.01 (-1.20%) [3] - The market cap of Baosheng E-commerce is reported at 2.02 billion, with a stock price increase of 0.17 (+5.18%) [3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

Market Capitalization Overview - The market capitalizations of various companies are listed, with TAL Education Group at 11.882 billion, Vipshop at 8.481 billion, and others showing significant values [2]. - Notable increases in market value include SouFun Technology with a rise of 9.49% and 6.96% for Lufax Holding [2]. Company Performance - TAL Education Group shows a slight decrease of 0.25% in its stock price, while Vipshop and SouFun Technology have increased by 6.38% and 7.51% respectively [2]. - Other companies like JD.com and iQIYI also show positive stock performance, with increases of 7.38% and 9.29% respectively [2]. Sector Analysis - The data indicates a mixed performance across the sector, with some companies experiencing growth while others face declines [2][3]. - Companies such as Huami and Mogujie show varied performance, with Huami experiencing a slight increase of 3.14% while Mogujie saw a decrease of 5.30% [3]. Investment Insights - The overall market sentiment appears to favor companies with strong growth metrics, as evidenced by the significant percentage increases in market value for several firms [2][3]. - The data suggests potential investment opportunities in companies that are showing consistent growth in their market capitalizations and stock prices [2].

Market Capitalization Summary - The market capitalization of various companies is highlighted, with notable figures such as 71.94 billion for an unnamed company and 69.52 billion for another [2]. - Companies like Bilibili and TAL Education have market capitalizations of 64.03 billion and 61.59 billion respectively [2]. - The lowest market capitalizations listed include 0.90672 million for Happy Car and 0.17235 million for Easy Electric [3]. Stock Performance - Stock performance shows fluctuations, with companies like Zai Lab experiencing a decrease of 0.36 (-2.72%) and 0.13 (-3.87%) for another unnamed company [2]. - Positive movements are noted for companies such as 51Talk, which increased by 0.99 (+2.74%) [2]. - The performance of companies like Huya and Xunlei shows declines of 0.11 (-4.00%) and 0.10 (-3.11%) respectively [3]. Company Highlights - Notable companies include JD.com with a market cap of 71.94 billion and TAL Education at 61.59 billion, indicating strong positions in the market [2]. - Other companies like 9F Inc. and Yatsen Global have market caps of 4.98 billion and 3.28 billion respectively, showcasing a diverse range of market sizes [2]. - The report also mentions companies with smaller market caps, such as 1.34 million for Baozun and 1.07 million for Leopard Mobile, indicating a broad spectrum of company valuations [3].

Market Capitalization Summary - The market capitalizations of various companies are listed, with notable values including 70.93 billion, 68.75 billion, and 66.79 billion [2] - Companies such as SOU, 奇富科技, and 再鼎医药 show significant market values of 47.99 billion, 66.05 billion, and 32.90 billion respectively [2] - The market performance of companies like 陆金所控股 and 雾芯科技 reflects increases of +3.70% and +0.99% respectively [2] Stock Performance Highlights - Notable stock price changes include +0.80 (+1.87%) for one company and +2.10 (+5.82%) for another [2] - Companies like 乐信 and iQiyi show stock price changes of -1.16% and +2.91% respectively [2] - The stock performance of companies such as 优信 and 宜人智科 indicates increases of +1.07% and +5.64% respectively [2] Emerging Companies - Newer companies like 新氧 and 天境生物 have market capitalizations of 827.85 million and 561.38 million respectively, with stock price increases of +3.99% and +11.10% [3] - Companies like 华米科技 and 开心汽车 show market values of 36.39 million and 9.20 million, with stock price changes of +9.61% and -1.18% respectively [3]

SINGAPORE, March 31, 2025 /PRNewswire/ -- The9 Limited (NASDAQ: NCTY) (hereinafter referred to as "The9"), an established Internet company, announced today that it has signed private placement agreements with industry-leading cryptocurrency investment funds Elune Capital, Fine Vision Fund and Bripheno Pte. Ltd. (hereinafter collectively referred to as "the Investors"). Pursuant to the agreement, the Investors will invest US$8 million in The9. The9 will issue Class A common shares to the Investors with share ...

Joint Venture Partner Committed Annual Profit of RMB80 Million and 50% Annual Growth SHANGHAI, Feb. 21, 2025 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed a Joint Venture agreement (hereinafter referred to as the "Agreement") with Chengdu Qing Cheng Network Science and Technology Co., Ltd. (hereinafter referred to as "Qing Cheng"), a leading mobile game operation an ...

Core Viewpoint - The9 Limited has entered into a Joint Venture with JiTuo, focusing on AI algorithms for mobile advertising, with projected annual profits exceeding RMB20 million and a commitment to 50% annual growth in the following years [1][3][5]. Group 1: Joint Venture Details - The9 will hold a 51% stake in the Joint Venture, while JiTuo will hold 49%, making it a consolidated subsidiary of The9 [2]. - JiTuo has committed to utilizing its AI model and data algorithm system to enhance advertising effectiveness for The9's upcoming games, including MIR M [3]. - The Joint Venture is expected to generate over RMB20 million (approximately US$2.8 million) in profit in 2025, with a minimum annual growth of 50% in 2026 and 2027 [3]. Group 2: Share Distribution and Performance Metrics - The9 will grant JiTuo 28,110,000 restricted shares, which will be unlocked based on the achievement of profit targets for 2025 and subsequent years [4]. - If the profit guarantee for 2025 is met, additional restricted shares will be granted, with further shares contingent on meeting 2026 profit targets [4]. Group 3: Strategic Importance - The establishment of this Joint Venture is part of The9's strategy to enhance its marketing capabilities for new games and improve financial results through consolidation of these ventures [5]. - JiTuo's expertise in AI algorithms and app store optimization is expected to significantly contribute to the success of The9's mobile advertising efforts [6][7].

Core Viewpoint - The9 Limited's stock price increased significantly following the announcement of a joint venture agreement aimed at enhancing its capabilities in artificial intelligence and big data marketing [1] Group 1: Stock Performance - On Wednesday, shares of The9 Limited opened over 6% higher and extended gains to 7.36%, trading at $7.88 [1] Group 2: Joint Venture Agreement - The9 Limited's subsidiary, Shanghai The9 Information Technology, signed a joint venture agreement with ShaoXing TongZe Network Technology [1] - The partnership focuses on developing and operating artificial intelligence algorithms and big data marketing businesses [1] - This collaboration is expected to drive growth and innovation for The9 Limited [1]

Core Viewpoint - The9 Limited has entered into a definitive share purchase agreement to acquire 19% of Wuhan Weixiang Science And Technology Co., Ltd., an AI-powered educational technology company, with an option to purchase up to 51% based on a valuation of 7 times Weixiang's audited annual profit after tax, provided the valuation exceeds US$45 million [1][3]. Group 1: The9 Limited's Investment - The9 will pay US$1.5 million in cash and issue 284,465,400 restricted Class A ordinary shares to Weixiang, equivalent to 948,218 ADSs [3]. - The release of restricted shares is contingent upon The9's market capitalization reaching specific thresholds: US$200 million, US$500 million, and US$1 billion, with corresponding shares released at each level [3]. Group 2: Weixiang's Business Model - Weixiang, founded by Mr. Xu Wang, focuses on creating a localized online school ecosystem using short videos and live streaming, leveraging platforms like TikTok and WeChat [2]. - The company has over 9 million followers and has achieved significant engagement, with its most popular teacher attracting over 300,000 simultaneous viewers in a single live stream [2]. - Weixiang employs AI technologies for content creation, live streaming, and personalized learning, enhancing productivity and reducing operational costs [2]. Group 3: Future Plans and Vision - Weixiang aims to extend high-quality education to underserved markets, particularly in remote areas, by supporting grassroots teachers through training and content creation [4]. - The company plans to develop advanced data analysis tools to optimize educational strategies and improve lesson quality [4].