|Bid||40.45 x 900|
|Ask||40.60 x 800|
|Day's range||31.38 - 46.14|
|52-week range||2.04 - 89.20|
|Beta (5Y monthly)||1.35|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||29 Jan 2009|
|1y target est||3.50|
Cryptocurrencies are still floundering, but The9 has high hopes for the new head of its cryptocurrency business.
The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced the appointment of Cai Zhifang as the Chief Executive Officer of NBTC Limited (hereinafter referred to as "NBTC"), a wholly-owned subsidiary of The9, to lead the development of blockchain and cryptocurrency business in NBTC. Mr. Cai has been on board.
The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed a legally binding memorandum of understanding (the "MOU") on the Acquisition of 70% equity of Hangzhou SuanLi Technology Co., Ltd. (hereinafter referred to as "Interhash"), a cryptocurrency cloud mining blockchain Software-as-a-Service ("SaaS") company. The acquisition consideration is approximately US$7 million, subject to due diligence and valuation to be conducted by an independent valuation firm. The9 will pay the acquisition consideration by issuance of Class A ordinary shares based on the closing market price of US$82.89 prior to the signing of the MOU.