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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.
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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