Thursday, May 26, 2005

The9's Q1: Net Loss of 10.5 mln Yuan - Preparing for "World of Warcraft" Launch

From Forbes: China online game operator The9 Q1 net loss 10.5 mln yuan

"Chinese online game operator and developer The9 Ltd said it recorded an unaudited net loss of 10.5 mln yuan in the first three months of this year compared with a net profit of 3.4 mln yuan in the same period of 2004.

The Nasdaq-listed company said the loss was due to 'incremental costs' related to its new game World of Warcraft and delayed upgrades of joint venture 9Webzen Ltd's game MU."

Read more:
The9 Records 500,000 Peak Concurrent Users For World of Warcraft
The9 commits $74m for WoW
China's Net Gamers: Ready to Rumble


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