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The9 buys 51% of gaming JV for $16.2M

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The9 (NASDAQ:NCTY) on Friday said that its wholly-owned subsidiary, Shanghai The9 Information Technology Co., has entered into a definitive agreement with Shanghai ZhongShun HengXin Network Technology to acquire 51% equity of Shanghai ZhongXinShun Network Technology.

ZhongShun will contribute the exclusive

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