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ORGANIZATION AND NATURE OF OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2025
ORGANIZATION AND NATURE OF OPERATIONS |
Schedule of Group's principal subsidiaries and VIE subsidiaries | The Company’s principal subsidiaries and VIE are as follows as of December 31, 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Date of | ​ ​ ​ | Place of | ​ ​ ​ | Legal |
Name of Entities | ​ ​ ​ | Registration | ​ ​ ​ | Registration | ​ ​ ​ | Ownership |
Principal subsidiaries: | ​ | ​ | ​ | ​ | ​ | ​ | ​
GameNow.net (Hong Kong) Ltd. (“GameNow Hong Kong”) |  | January‑2000 |  | Hong Kong |  | 100 | %
China The9 Interactive Limited (“C9I”) |  | October‑2003 |  | Hong Kong |  | 100 | %
China The9 Interactive (Beijing) Ltd. (“C9I Beijing”) |  | March‑2007 |  | PRC |  | 100 | %
JiuTuo (Shanghai) Information Technology Ltd. (“Jiu Tuo”) |  | July-2007 |  | PRC |  | 100 | %
China Crown Technology Ltd. (“China Crown Technology”) |  | November‑2007 |  | Hong Kong |  | 100 | %
Shanghai Jiu Gang Electronic Technology Ltd. (“Jiu Gang”) |  | December‑2014 |  | PRC |  | 100 | %
Asian Way Development Ltd(“Asian Way”)* |  | November‑2007 |  | Hong Kong |  | 100 | %
Terry First Limited (“Terry First”) | ​ | June-2021 | ​ | UK | ​ | 100 | %
Lucky Pure Limited (“Lucky Pure”) | ​ | September-2021 | ​ | Cayman Islands | ​ | 100 | %
Gamewinhub Limited(“Gamewinhub”) | ​ | July-2023 | ​ | Hong Kong | ​ | 100 | %
Vast Ocean International Limited(“Vast Ocean”) | ​ | April-2021 | ​ | Hong Kong | ​ | 100 | %
The9 Singapore Pte. Ltd. (“The9 Singapore”) |  | April‑2010 |  | Singapore |  | 100 | %
1111 Limited (“1111”) |  | January -2018 |  | Hong Kong |  | 100 | %
Supreme Exchange Limited (“Supreme”) |  | December‑2018 |  | Malta |  | 90 | %
BET 111 Ltd. (“Bet 111”) | ​ | January -2019 | ​ | Malta | ​ | 90 | %
Coin Exchange Ltd (“Coin”) | ​ | January -2019 | ​ | Malta | ​ | 90 | %
The9 EV Limited (“The9 EV”) | ​ | May-2019 | ​ | Hong Kong | ​ | 100 | %
NBTC Limited (“NBTC”) | ​ | June-2019 | ​ | Hong Kong | ​ | 100 | %
Huiling Computer Technology Consulting (Shanghai) Co. Ltd. (“Huiling”) | ​ | March-2019 | ​ | PRC | ​ | 100 | %
Leixian Information Technology (Shanghai) Co., Ltd. (“Leixian”) | ​ | March-2019 | ​ | PRC | ​ | 100 | %
Shanghai Yuyou Network Technology Co., Ltd. (“Yuyou”) | ​ | December-2016 | ​ | PRC | ​ | 100 | %
Shanghai Yuanyu Network Technology Co., Ltd. (“Yuanyu”) | ​ | November‑2023 | ​ | PRC | ​ | 100 | %
Hangzhou Niuxin Technology Co., Ltd. (“Niuxin”) | ​ | August-2021 | ​ | PRC | ​ | 100 | %
Variable interest entity: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shanghai The9 Information Technology Co., Ltd. (“Shanghai IT” or the “VIE”) (Note 5) |  | September‑2000 |  | PRC |  | N/A | ​
​ Subsidiaries of VIE or Shanghai IT: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | ​ | ​ ​ ​ | ​ | ​ ​ ​ | Legal |
​ | ​ | Date of | ​ | Place of | ​ | Ownership Held |
Name of Entities | ​ ​ ​ | Registration | ​ ​ ​ | Registration | ​ ​ ​ | by Shanghai IT |
Shanghai Big data culture media Co., Ltd (“Big data”) | ​ | April-2007 | ​ | PRC | ​ | 68.0078 | %
Silver Express Investments Ltd. (“Silver Express”)* |  | November‑2007 |  | Hong Kong |  | 100 | %
Shanghai Jiushi Interactive Network Technology Co., Ltd. (“Jiushi”) |  | July‑2011 |  | PRC |  | 80 | %
Shanghai ShencaiChengjiu Information Technology Co., Ltd. (“SH Shencai”) |  | May‑2015 |  | PRC |  | 60 | %
Shanghai Zhiaojiqi Information Technology Co., Ltd. (“Shanghai Zhiaojiqi”) | ​ | November-2015 | ​ | PRC | ​ | 100 | %
Wuxi Interest Dynamic Network Technology Co., Ltd. (“Wuxi Qudong”) |  | June‑2016 |  | PRC |  | 100 | %
Shanghai Shuwan Culture Co., Ltd. (“Shuwan”) | ​ | July-2021 | ​ | PRC | ​ | 60 | %
Shanghai Zhongxinshun Network Technology Co., Ltd. (“Zhongxinshun”) | ​ | January‑2025 | ​ | PRC | ​ | 51 | %
Shenzhen Shuzhi Technology Co., Ltd. (“Shuzhi”) | ​ | December‑2024 | ​ | PRC | ​ | 100 | %
Shanghai Mengxiang Hulian Digital Technology Co., Ltd (“Mengxiang Hulian”) |  | June‑2011 |  | PRC |  | 20 | %
* Silver Express has been deregistered in January 2026. * Asian Way Development Ltd has been deregistered in November 2025.

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