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Tag | KongZhong

Nokia, Pearson: Foreign Companies Running Blindly Into China's Wireless Internet Sector

01 February 2010

Just weeks after China's largest telecommunications operator halted paying firms for some wireless services, two [...]

New Chinese Mobile Content Rules Will Adversely Affect KongZhong's Revenue

27 January 2010

Chinese wireless value-added services firm KongZhong Corporation has issued an update on schemes within the [...]

KongZhong Makes New Online Game Acquisition In China

16 December 2009

Just a week after announcing that its revenue would be greatly impacted by new anti-pornography [...]

KongZhong Admits Chinese Wireless Porn Crackdown Will Hurt Revenue

11 December 2009

It takes guts to be the first to admit a failure, and Chinese wireless value-added [...]

KongZhong Announces Q3 2009 Financial Results

12 November 2009

Chinese mobile wireless value-added services firm KongZhong Corporation announced its unaudited third quarter 2009 financial results and stated its profit and revenue grew over the previous quarter.
Total revenues increased 40% year-over-year and increased 9% quarter-over-quarter to USD35.1 million. Net income in the quarter was USD4.50 million, a 27% increase compared with the previous quarter's net [...]

KongZhong Lifts Wireless Services Revenue In China

11 August 2009

Chinese wireless value-added services firm KongZhong Corporation has announced its unaudited second quarter 2009 financial results.
Total revenues for the second quarter of 2009 increased 37% year-over-year and increased 9% quarter-over-quarter to USD32.3 million. Net income in the quarter was USD3.55 million, a 41% increase compared with the first quarter of 2009 net income of USD2.52 [...]

KongZhong Founder Resigns From Management Role

21 July 2009

Chinese wireless value-added services firm KongZhong Corporation has elected Charles Xue to the company's board, effective July 20, 2009, and one of the company's founders has thrown in the management towel.
Xue, the original founder of both UTStarcom and ChinaEdu, will serve as an independent director and on the audit, compensation and nomination committees of the [...]

KongZhong Buys Chinese Mobile Game Developer

22 June 2009

Chinese wireless value-added services firm KongZhong Corporation announced that it is planning to buy Simlife International Inc., a mobile game developer in China.
KongZhong has agreed to pay USD3 million in cash to the shareholders of Simlife. An additional payment of USD1.25 million in cash and the issuance of 6 million of KongZhong's ordinary shares to [...]

KongZhong Buys Chinese Mobile Game Developer

22 June 2009

Chinese wireless value-added services firm KongZhong Corporation announced that it is planning to buy Simlife International Inc., a mobile game developer in China.
KongZhong has agreed to pay USD3 million in cash to the shareholders of Simlife. An additional payment of USD1.25 million in cash and the issuance of 6 million of KongZhong's ordinary shares to [...]

KongZhong Posts Profit In China's Mobile Sector

14 May 2009

Chinese wireless value-added services firm KongZhong Corporation says total revenues for the first quarter of 2009 increased 38% year-over-year and increased 11% quarter-over-quarter to USD29.6 million as the company announced its unaudited first quarter 2009 financial results.
Mobile games accounted for 17% of total revenue in the quarter, compared to 10% in the fourth quarter [...]

Nokia Growth Partners Shows KongZhong The Money In China

18 March 2009

Chinese wireless value-added services company KongZhong Corporation today closed the round of financing with Nokia Growth Partners that gave the wayward Chinese mobile firm approximately USD6.8 million in 5-year convertible senior notes.
"I'm truly pleased to welcome Nokia Growth Partner's investment in KongZhong. As we prepare for 3G in the China mobile market, we are seeking [...]

China's Mobile Aspirations Disappoint As KongZhong Posts Annual Results, Gains Nokia Investment

19 February 2009

Chinese wireless value-added service firm KongZhong Corporation reported its unaudited fourth quarter 2008 financial results and showed a negligible quarterly profit and overall net loss for 2008.
While the company gleefully proclaimed that quarterly revenues exceeded guidance, with total revenues for the fourth quarter of 2008 increasing 34% year-over-year and 7% quarter-over-quarter to USD26.74 million, net [...]

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 [...]

Trouble At KongZhong? CFO Departs Chinese Wireless Firm

29 January 2009

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 [...]

KongZhong Releases Q3 2008 Financial Results

18 November 2008

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.

New COO Joins KongZhong

17 November 2008

Chinese wireless value-added services firm KongZhong (KONG) announced the appointment late last week of Wang Xin as its chief operating officer.

Wang Leilei To Be CEO Of Struggling Chinese Mobile Firm

29 September 2008

Wang Leilei, former CEO of Tom Online, will become chairman and CEO of struggling Chinese wireless value-added services firm KongZhong (KONG) from October 13, 2008 and the company's current CEO and chairman Zhou Yunfan will step down from the positions on the same day.

Chen Xiaoxin Joins KongZhong's Board Of Directors

18 September 2008

KongZhong (KONG), one of China's many wireless value-added and wireless media companies, announced that Chen Xiaoxin formally joined the board of directors of KongZhong Corporation as an independent director.

KongZhong's Game Passes China Mobile's Test

12 September 2008

Chinese wireless value-added services company KongZhong (KONG) says its Tian Jie Online game passed China Mobile's testing and was launched on China Mobile's Mobile Online Game Platform two days ago.

Zaijian: KongZhong CEO Hangs Up Phone, Departs Post In China

18 August 2008

Chinese mobile value-added services firm KongZhong (KONG) said that its co-founder Yunfan Zhou will resign from his position as CEO, effective October 13, 2008.

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