Nine cities and ZTE joint venture company received 12.5 million yuan in Guangdong radio and television

February 18 Noon News, the Nineth City (NASDAQ:NCTY) announced today, nine cities under the company "Zhongxing Nine-city Network Technology Wuxi Co., Ltd." (zte9.com) and Guangdong Province Radio and television Network Limited wholly-owned subsidiary of Guangdong Hong Map radio and Television Investment Co., Ltd. has reached a cooperation agreement, Guangdong Hong Map Radio and television will be injected into the 12.5 million yuan to win ZTE Nine city 10% of the shares. The two sides expressed their intention to set up a joint venture to provide games, video, reading, karaoke and other value-added services to 13 million TV users in Guangdong.

Zhongxing Nine City is Shanghai zhongxing Communication Technology Limited liability company, Oberhei Interactive Network Technology Co., Ltd., Shanghai Rui Gao Information Technology Co., Ltd. jointly funded the formation of joint ventures. At present, ZTE's nine cities have cooperated with telecom and Unicom operators including Jiangsu Telecom, Hunan Telecom, Hubei Telecom and other radio and TV operators, such as Jiangsu Cable and Beijing song Hua, to promote the family interactive television business, as of September 2013, the company has occupied 90% in IPTV and home interactive TV field. Above the market share, has more than 20 million users and on the hundreds TV game.

ZTE Nine City said that in the next three years, the establishment to support the network, mobile phones, TV three-net value-added services as one of the products and terminals, into the country more than 90% of interactive TV family.

Chang, general manager of ZTE Nine City, said Zhongxing nine city with the resources and advantages of the parent company Nine city, for the radio and television operators to provide access, operational, manageable, maintainable value-added services integrated access platform to meet the different needs of radio and television operators in different periods, not only improve the user's ARPU value and loyalty, More effective to enhance the competitiveness of radio and television operators.