Tencent Tech, 9/16/08
Online game developer and operator 9You will transition its Japanese subsidiary to independent operations after recently changing the subsidiary's name to "Five-Star Entertainment." Legal proceedings for the transition are ongoing. 9You CEO and president Wang Zijie says the company's shareholders will not control 100% of the Japanese subsidiary, instead seeking to attract third-party investors, and in future listing in Japan.
Wang also revealed that the company was considering the dissolution of its Korean office next year, as the importance of Korean MMORPGs and the Korean market continues to decrease.
Wang said 9You will consider listing next year.