SHANGHAI, Jan. 16, 2018 /PRNewswire/ -- The9 Limited
("The9") (Nasdaq: NCTY), an established internet company, today
announced that The9 Singapore Pte. Ltd., its wholly owned
subsidiary in established in Singapore, signed a partnership agreement with
Gingkoo Technology Company Limited. ("Gingkoo Technology"). The9
will provide blockchain technology product development services and
offshore offering, investing and financing services to enterprises
all over the world. Gingkoo Technology will provide full support of
technical team and support to enhance The9's technical resources in
blockchain business.
The9 is one of the earliest enterprises building virtual
community in China. In 1999, The9
launched the "Ninth City" online community in which users can use
virtual currency to conduct online social and exchange activities
such as playing games, reading, music, etc.
Blockchain related technology and application has been growing
rapidly in recent years. At present, it is generally believed that
blockchain technology is the foundation for the development of the
next generation Internet. The9 will provide global enterprises with
a full range of customized services for blockchain related
projects, including complete technical solutions, research and
development support, and offshore investing and financing deals, to
help enterprises building up blockchain technology ecosystem. The9
believes from the revenue generated through these services, The9's
overseas subsidiaries will be expected to receive certain
percentages of the offering size of cryptocurrencies, in the form
of both existing cryptocurrencies with large turnover volume (such
as Bitcoin BTC and Ether ETH) and the new cryptocurrencies being
offered. The9 may further pursue investment opportunities in new
blockchain investments with high potential.
Development of blockchain technology related services will be
The9's first step in blockchain related business. The9 will
gradually enter into other areas like blockchain product
development, blockchain projects incubation and blockchain market
consultation services, etc.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will,""expects,""anticipates,""future,""intends,""plans,""believes,""estimates,""considers"
and similar statements. Statements that are not historical facts,
including statements about The9's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contained in any forward-looking statement. Potential risks and
uncertainties include, but are not limited to, The9's ability to
license, develop or acquire online games that are appealing to
users, The9's ability to retain existing players and attract new
players, The9's ability to anticipate and adapt to changing
consumer preferences and respond to competitive market conditions,
political and economic policies of the Chinese government, the laws
and regulations governing the online game industry, information
disseminated over the Internet and Internet content providers in
China, intensified government
regulation of Internet cafes, and other risks and uncertainties
outlined in The9's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 20-F. The9 does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
About Gingkoo Technology Company Limited
Gingkoo Technology, founded in 2013 and headquartered
in Shanghai, is an established
FinTech company and blockchain unicorn in China. In 2015, Gingkoo Technology
started the blockchain Technology ecosystem business. Currently
Gingkoo Technology is a China Blockchain Technology and
Industry Development Forum Counsel member of national MIIT,
Financial Blockchain Shenzhen Consortium (Chinese version
R3) member, and the member of Hyperledger Project led by Linux
Foundation. Its self-owned blockchain platform, Pentagram,
sponsored by Shanghai Government Special Innovation Fund with over
millions of RMB, has been succeeded in the certified test by the
Ministry of Industry and Information Technology of China. Gingkoo Technology has been
providing both financial blockchain solutions to many
well-known financial institutions and local
government authorities, such as: digital points,
credit bureau, supply chain finance, trade finance, ABS
cloud,cross-border payments, IP exchange and digital assets
exchange, and other blockchain public services solutions like:
agriculture security, food tracing, garbage classification, and
distributed charging piles. Gingkoo Technology management team
has more than 15 years of experience in financial and
public information technology, including several Fin Tech
expertise focusing on artificial intelligence and big data.
Gingkoo Technology's mission is "Platform, Data and
Connection". Gingkoo Technology is committed to build a
connected blockchain ecosystem.
About The9 Limited
The9 Limited is an internet company based in China. The9 develops and/or operates, directly
or through its affiliates, its proprietary mobile games and web
games, including the CrossFire brand new shooting mobile game,
Audition mobile, Knight Forever, Q Jiang San Guo and Wildlands God
of War. The9 is also commencing blockchain related business.
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SOURCE The9 Limited