Beleaguered Chinese wireless value-added services firm KongZhong (KONG) has announced that Sam Sun, its chief financial officer, is leaving the company by the end of the week.
While it's never a good corporate omen for a CFO to flee so quickly from a company, while Sun will officially depart on February 1, 2009, he will stay [...]

Chinese wireless value-added services company KongZhong Corporation (KONG) has released its unaudited third quarter 2008 financial results showing total revenues for the third quarter of 2008 increased 46% year-over-year and increased 7% quarter-over-quarter to USD25.05 million.