9 Limited invests in AI unmanned retail store platform KuaiJin, acquiring 15% stake with option for up to 51% within 2 years.
The9 Limited signs a definitive share purchase agreement to invest in AI unmanned retail store platform KuaiJin, buying 15% of KuaiJin by cash and issuing The9's restricted shares. The9 also has an option to purchase up to 51% within 2 years based on KuaiJin's US$60M valuation. KuaiJin offers standardized, cost-effective solutions for Chinese retail stores, converting them into AI unmanned stores within 48 hours.
May 20, 2024
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