The9 Limited (ADR) (NASDAQ:NCTY)

CAPS Rating: 1 out of 5

The Group is principally engaged in the development and operation of online games, and Internet and website related businesses in the People's Republic of China.

Recs

2
Player Avatar iChris (31.71) Submitted: 2/19/2010 12:21:56 PM : Outperform Start Price: $6.64 NCTY Score: -136.52

They lost their contract with Blizzard so they decide to enter the MMORPG market with a WOW knockoff to compete against them instead. The9 recently invested in U.S. game developer Red 5 Studios (former Blizzard employees) and Hangzhou-based Fire Rain.

This company is definitely not going down without a fight. Also to consider:

28% Penetration Rate For China Internet Services Will Grow To Over 55% In Next 3 Years: This Domestic Consumption Play Means Rapid Valuation Growth For Stocks According To Tucker Grinnan Of HSBC

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