Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
The9 Ltd is engaged in developing and operating online games and related services in China. It operates and develops proprietary and licensed online games, proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in Greater China (including PRC, Taiwan, Hong Kong and Macau) and other areas.
Shanghai, 200080, China, People's Republic of