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An industry source has revealed that Chinese internet services provider Qihoo 360 (NYSE: QIHU) and Shanghai-based online game developer and operator The9 (Nasdaq: NCTY) will announce a joint venture on July 31. Read More
Chinese gaming operator The9 (Nasdaq: NCTY) recently passed a motion to sell company shares to employees at the August 24, 2010 price of USD 5.13 per share; the plan is set to be implemented in August 2011, with purchasing opportunities every quarter over a three-year period. Read More