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Tag | Hurray

Ku6 Extends Loss From Chinese Online Video Biz After Dumping Wireless Services

30 August 2010

China's Ku6 Media Company Ltd., which boasts a new focus on Internet video services after dumping its poor wireless services offerings and its old name of Hurray, today announced its unaudited financial results for its second quarter ended June 30, 2010. On August 17, 2010, the company announced that it changed its name to Ku6 [...]

Thirty Chinese Mobile Service Providers Punished For Irregular Operations

03 March 2010

According to Cctime.com, a Chinese communications industry portal, 30 Chinese mobile service providers, including Hurray and Sohu, have been punished for various irregular operations in recent weeks in Shandong.
The website reported that these 30 service providers are involved in irregular service billing, fake promotions, irregular operation of short message order services, non-standard pricing, and confusing [...]

Wireless Revenue Slumps For Hurray In China

01 March 2010

Chinese wireless value-added services company Hurray Holding Company Ltd. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
Total revenues for the quarter were USD6.2 million, representing a decrease of USD0.7 million quarter-over-quarter and a decrease of USD8.2 million year-over-year. Wireless value-added services revenues were USD2.3 million, representing a [...]

Bad Wireless Revenues In China For Hurray

16 December 2009

Chinese wireless value-added service firm Hurray Holding Company Ltd. announced its unaudited financial results for [...]

Hurray Buys Chinese Internet Video Firm Ku6.com

30 November 2009

The rumors from last week are correct: Chinese online video service Ku6.com has been purchased [...]

Board Changes: Bruno Wu Dumps Shanda, Moves To Hurray

08 September 2009

On the same day Chinese online game company Shanda Interactive Entertainment Limited announced that Bruno Wu had resigned from the company's board of directors, Chinese wireless value-added services firm Hurray Holding Company Ltd. revealed the appointment of Wu to their own board.
"We highly appreciate Bruno's dedication and contribution to Shanda's fast growth over the years. [...]

Wireless Revenue In China Plummets For Hurray

13 August 2009

Chinese mobile value-added services firm Hurray Holding Company Ltd. announced its unaudited financial results for the second quarter ended June 30, 2009, and reported total revenues were USD9.8 million, representing a decrease of 16.3% quarter-over-quarter and a decrease of 22.9% year-over-year.
Wireless value-added services revenues was only USD5.5 million, representing a decrease of 29.1% quarter-over-quarter and [...]

Director Leaves Hurray's Board In China

11 August 2009

A board member has resigned at Chinese wireless value-added services provider Hurray Holding Company Ltd.
Effective July 31, 2009, Robert Mao resigned from the board. Hurray has now named Wenwen Niu as a replacement.
Niu is the publisher and creator of The Founder magazine and a professional industry commentator in China. The company has not given a [...]

Shanda To Spend USD46.2 Million Buying Majority Stake In Mobile Firm

09 June 2009

Ending weeks of speculation and public whining, Chinese online gaming firm Shanda Interactive Entertainment Limited is planning to buy a majority stake in wireless value-added services company Hurray.
Chen Tianqiao, chairman of the board of Shanda, stated, "We respect the work by Hurray's board and management and their efforts in defining Hurray's strategies and direction and [...]

Hurray's Mobile Revenues Fall In China As It Drops Further Investor Guidance

22 May 2009

Embattled Chinese wireless value-added services firm Hurray Holding Company Ltd. says its total revenues plummeted 18.5% quarter-over-quarter to USD11.8 million as it announced its unaudited financial results for the first quarter ended March 31, 2009, and stated it would not continue to provide quarterly guidance.
The company's USD11.8 million in total revenues was also a decrease [...]

Best Prospect Begs For Hurray To Engage In Acquisition Talks

20 May 2009

Best Prospect Overseas Limited's Jacky Tung has bedeviled Chinese wireless value-added services firm Hurray with another open letter that practically begs for more acquisition talks.
Addressing the open letter to Qindai Wang, chairman of Hurray, Tung responds today to Hurray's press release of May 14, in which the company says it is not interested in a [...]

Hurray's Statement Still Leaves Doubt About Chosen Suitor

15 May 2009

After days of rumors and press releases surrounding possible acquisitions of China's beleaguered wireless value-added services firm Hurray, the company has issued a statement about where it stands on the issue.
The statement reads: "Hurray! Holding Co. Ltd. announced that it had received from Best Prospect Overseas Limited an expression of interest in acquiring a 51% [...]

Shanda Rumored To Be Buying Hurray While Best Prospect Whines About Acquisition

13 May 2009

In a letter to shareholders of Chinese wireless value-added services firm Hurray, Best Prospect Overseas Limited has stated that Hurray's management and board "seems to believe that they do not need to answer, or even listen, to Hurray!'s shareholders".
Best Prospect is trying to buy a 51% stake in the beleaguered WVAS firm, and in its [...]

Hurray Finds A Company That Actually Might Want To Make A Deal

30 April 2009

Chinese mobile value-added service company Hurray Holding Company Ltd. might have a suitor, as the company announced it has received an offer to sell a 51% stake.
Fittingly called Best Prospect Overseas Limited, Best Prospect has reportedly expressed interest in acquiring a 51% stake in Hurray. The expression of interest is subject to the satisfactory completion [...]

New CFO Takes Helm At China's Hurray

20 April 2009

Chinese wireless value-added services firm Hurray Holding Company Ltd. has promoted Xiaoqing Guo to the job chief financial officer, effective immediately.
Guo previously served as acting CFO and vice president, and has been with the Company since December 2003. She will retain her VP title.
Hurray is in a period of messy reorganization, as its founder and [...]

Hurray's CEO Leaves Post In China

03 April 2009

Chinese wireless value-added services firm Hurray Holding Company Ltd. just announced the resignation of the company's president, CEO, and co-founder Qindai Wang.
Dr. Songzuo Xiang will become the new CEO. Dr. Xiang has been a member of the company's board since July 2000 and will work with Wang to ensure a smooth transition of management.
Wang will [...]

Hurray! Takes Business Pounding In China

06 March 2009

Revenue news for Chinese wireless value-added services and music production company Hurray! Holding Company Ltd. is not good as the company announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2008.
For the quarter, total revenues hit USD14.4 million, representing an increase of 6.7% quarter-over-quarter and a decrease of 9.2% [...]

Telstra's New China Investments Eye China's Growing Mobile Market

11 February 2009

Australia-based Telstra is hoping that it does not repeat the multiple mistakes of other companies venturing into China's overcrowded wireless value-added services market with new investments in two Chinese companies.
Telstra has acquired a 67% interest in both China M and Sharp Point. China M is one of the hundreds of Chinese suppliers of consumer mobile [...]

Net Loss For Chinese Wireless Firm Hurray

21 November 2008

Chinese wireless value-added services firm Hurray (HRAY) has reported a net loss of USD9.2 million for the third quarter ended September 30, 2008.

Hurray Reports Board Changes In China

17 September 2008

Forlorn Chinese wireless value-added services firm Hurray (HRAY) says the company's co-founder and director Jesse Liu has resigned from the board.

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