The 9th City: A net loss of $ 45.7 million in second half of 2012

According to the Tencent News, on April 18, the 9th City (Nasdaq securities code: NCTY, hereinafter referred to as “The9”) today released the third quarter and fourth quarter of 3012 financial reports. The report showed a net revenue of 51 million yuan (about 8.2 million U.S. dollars), down 51% from net revenue of 103.4 million yuan (about 16.6 million U.S. dollars) in the first half of 2012, fell by 7% compared to the same period of the previous year.

Chairman and CEO of the9, Jun Zhu said this: “2012 is a difficult year for the company, we spent a lot of resources to develop products, but I am pleased to announce, we will release three MMO (Mass Multiplay Online) games from June to September in 2013, including “Planet Margin 2”, “Firefall” and “Miracle II”. Our product development team has been committed to the use of a large number of meaningful resources in the research and development of these games. We believe these three games will help the launch of the ninth city to enter into a new era.

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