Nine City "Firefall" in Southeast Asia sold 23 million of dollars in high prices

The Nineth City (NASDAQ:NCTY), which has lost 2 years, has recently posted good news, announcing November 28 that its self-developed multiplayer online shooting game "Firefall" sold 23 million of dollars in Southeast Asia.　　With this income, nine cities are likely to reverse their losses. Garena, a Taiwanese game operator, has the exclusive agency of Firefall in Southeast Asia from the nine city's wholly-owned company, Red 5 (Singapore), with a mandate of 6 years, including Taiwan, China, Hong Kong, Singapore, Malaysia, Vietnam, Thailand, Indonesia and the Philippines.　　The price set the operation authorization record of the Southeast Asia area swims, surpasses "World of Warcraft" in this area's agency fee. The Nineth City CEO Zhu in an interview with this newspaper, said: "23 million U.S. dollars is not all of our revenue, this figure is only inclusive of authorization and the lowest share of the guarantee." Larger revenues are also being split into the game's operations in the future, and all revenue will be recognised after commercial operations.　　"It is said that this income will be included in the financial statements for six years after commercial operation, and Zhu that this income will exceed 23 million dollars if the game is well run."　　The Nineth city lost as much as 95% of its revenues after losing its proxy for the popular online game, the company plunged into two years of losses, with the Nineth city earning only $7.9 million trillion in the first half of the year, a net loss of $10 million and its share price plunging into a prolonged slump. When the reporter asked when the nine city will be in turn, Zhu did not give a positive answer, he said when the loss is not the most important, it is important to see whether the company has enough attention to the content and products, enough to support the long-term development of the company, Zhu said this time "Firefall"　　Selling high prices gives them confidence in the future revenue growth of the nine cities.　　Zhu also said that at present "Firefall" is preparing for its operations in China, South Korea and Japan, and currently has a domestic game company to offer the company. Zhu told reporters, "Firefall" will be the next year the entire nine cities, one of the main growth point.　　The nine-city financial results for the one or two quarter of this year the company's operating expenses are still very high, mainly from the sharp rise in research and development costs-that is, nine cities in the "Firefall" and other games, such as the development and promotion of investment is also very high, so whether the game can be used to make a loss, but also to see its global follow-up performance.　　But nine city insiders pointed out that if the "Firefall" is about to be in Europe and the United States, Japan and South Korea, China and other regions to obtain operating income, then the loss of profit may be only its lowest goal. After losing the agency of World of Warcraft, Zhu the business of nine cities, on the one hand, strengthen the investment of the independent research and development game, and emphasize the game export business.　　In addition, the city has also stepped up its investment in mobile internet gaming and strengthened acquisitions in this area.　　When asked how to look at the grand privatisation retreat and the recent clashes between Wall Street and the Chinese concept stock company, Zhu said he was unwilling to comment too much. The news led to a Monday closing rally in the Nineth City stock, which was 13.42%, charging 5.07 dollars. The city currently has a market capitalisation of around $150 million, while the nine cities hold cash and cash equivalents of around $200 million as at June 30, exceeding their total market value.