The9’s losses widen to $36.1M in the first half of 2012, net revenues hit $16.3M

Chinese gaming conglomerate The9 has reported a net loss of RMB 233.3 million ($36.1 million) for the first and second quarters of its 2012 fiscal year. The company’s losses for the first half of the fiscal year increased by 253.9 percent over the same period in 2011, when The9 reported a net loss of $10.2 million, and were up 3.4 percent over the company’s Q3 and Q4 2011, when it reported a $34.9 million loss.

The company attributed the losses to increased marketing and product development expenses for its games Firefall, which is still in beta in the U.S.,

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