SHANGHAI, Jan. 26, 2018 /PRNewswire/ -- The9 Limited
("The9") (Nasdaq: NCTY), an established Internet company, today
announced that Arthur Lau will join
The9 in February and Yue Dong has joined The9 recently as the new
president and chief technology officer, respectively.
As the new president, Mr. Lau is a seasoned finance professional
with experience spanning across private equity, hedge fund and
investment banking sectors. He is currently the co-founder and
partner of Ark Pacific Capital Management ("Ark Pacific"), a
multi-strategy alternative asset manager focusing in Greater China. Mr. Lau sat on the board of
multiple portfolio companies and is experienced in developing new
business initiatives. Prior to joining Ark Pacific, he was an
investment director of Elliott Advisors, the Asian office of
Elliott Associates, a global hedge fund managing over US$30 billion of assets. Before that, Mr. Lau was
a technology, media and telecom investment banker at Citigroup and
an investment banker at JPMorgan. Mr. Lau graduated
from The London School of Economics and
Political Science with a Bachelor of Laws degree and holds a
Master of Economics degree from The University
of Hong Kong. Arthur Lau will
utilize his capital market management experience and his experience
and resources in developing new business initiatives, to lead the
new blockchain business of The9 and bring it to a higher level.
Before joining The9 as the new chief technology officer, Yue
Dong has been acting as the chief technology officer in various
artificial intelligence, big data and blockchain related projects
for two years. He has solid experience in blockchain technology,
its application, investment and financing. Before that, Mr. Dong
served as the chief technology officer of lvmama.com, one of
China's largest B2C online travel
agencies. Mr. Dong led and completed the buildup of the new
generation big data travel platform of lvmama.com. Mr. Dong also worked as the senior vice
president and chief technology officer of lashou.com, one of
China's largest group coupon
companies. Mr. Dong was in charge of the structure administration
of the technical platform of lashou.com, and helped lashou.com with
the creativity of group coupon and e-commerce technology. Mr. Dong
also won careers from both Wall Street and Silicon Valley.
Mr. Dong worked at Royal Bank of
Scotland (RBS) for a global (fixed
income) trading platform and data mining team at Interactive
Brokers. At Oracle, Mr. Dong worked
at Oracle headquarter for Oracle eBusiness Research and
Development, and then Oracle North American consulting team for
Business Intelligence/Data Mining and Enterprise Resource
Planning Application. During his time at Oracle
consulting team, he worked for more than ten Fortune 500 clients.
Mr. Dong is a Carnegie Mellon
University graduate. He holds seven IT industry
certificates. Mr. Dong will help The9 set blockchain business
strategy, be in charge of the execution of blockchain related
projects of The9, and provide technical support and resources for
the platform and project development.
On January 16, 2018, The9
announced its plan to step into blockchain related business. The9
will provide global enterprises with a full range of customized
services for blockchain related projects, including complete
technical solutions, research and development support, and offshore
investing and financing deals, to help enterprises building up
blockchain technology ecosystem. The9 may further pursue investment
opportunities in new blockchain investments with high potential.
Blockchain related technology and application has been growing
rapidly in recent years. At present, it is generally believed that
blockchain technology is the foundation for the development of the
next generation Internet.
Mr. Jun Zhu, Chairman of The9, commented: "The9 is
undergoing an important transformation of business. Other than
reengineering our previous experience and resources we have
cumulated from Internet product content development and operation,
we also need to build up our application and execution abilities on
new technology and new capital market model. We are very pleased to
welcome Arthur and Yue on board to join our management team. I
believe The9 will start a new page with the help of their
resources, experience and strategic vision."
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "considers" and similar statements.
Statements that are not historical facts, including statements
about The9's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, The9's ability to license, develop
or acquire online games that are appealing to users, The9's ability
to retain existing players and attract new players, The9's ability
to anticipate and adapt to changing consumer preferences and
respond to competitive market conditions, political and economic
policies of the Chinese government, the laws and regulations
governing the online game industry, information disseminated over
the Internet and Internet content providers in China, intensified government regulation of
Internet cafes, and other risks and uncertainties outlined in
The9's filings with the U.S. Securities and Exchange Commission,
including its annual reports on Form 20-F. The9 does not undertake
any obligation to update any forward-looking statement, except as
required under applicable law.
About The9 Limited
The9 Limited is an Internet company based in China. The9 is stepping into blockchain
related business. The9 also develops and/or operates, directly or
through its affiliates, its proprietary mobile games and web games,
including the CrossFire brand new shooting mobile game, Audition
mobile, Knight Forever, Q Jiang San Guo and Wildlands God of
War.
For further information, please contact:
Ms. Connie Sun
Investor Relations Specialist
The9 Limited
Tel: +86 (21) 5172-9990
Email: IR@corp.the9.com
Website: http://www.the9.com/
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SOURCE The9 Limited