Ninetowns has completed a financial round of $ 143.8 million, the proceeds will be used to deliver the blockchain.

According to the announcement, Internet company Nasdaq (NCTY, then known as "Nine City") today announced that it has signed a sale agreement and joined Maxim Group LLC on March 31 of this year. In this exchange, Ninetowns listed 3,765,100 American Depository Shares (“ADS”) at a price of US $ 33.2 and used 2,823,825 ADS subscriptions at a price of US $ 36.0. In addition, the underwriter signed up for the rights issued by Ninetowns and also sold 564,760 ADS shares and 423,570 ADS subscription rights at the same price. Before deducting discounts, fees and shipping charges, Ninetowns received total funding of $ 143.8 million from ADS and licenses. Jiucheng said the proceeds from this additional announcement will be used for the establishment and development of the business in the blockchain industry. In the future, new ideas and developments in the digital currency and blockchain industry will be announced in time.