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NCTY Surges Following Joint Venture Agreement in AI and Big Data Marketing
The9The9(US:NCTY) GuruFocusยท2024-10-09 15:30

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]