ChinaWirelessNews.com » KongZhong

Slow Growth In China For KongZhong's Internet Games And Mobile Services

ChinaWirelessNews.com Editor — Wed, 25 May 2011 01:02:52 +0000

Chinese wireless value-added services and digital entertainment company KongZhong Corporation announced its unaudited first quarter 2011 financial results. Total revenues for the first quarter of 2011 increased 11% quarter-over-quarter to USD40.1 million. Net loss in for the quarter however was USD0.46 million, including a change in the fair value of the Dacheng contingent consideration of [...]

Annual Net Income Drops For KongZhong's Wireless Business In China

ChinaWirelessNews.com Editor — Thu, 03 Mar 2011 00:18:58 +0000

Revenue increased slightly but full year net income dropped for Chinese wireless value-added services firm KongZhong Corporation as it announced its unaudited fourth quarter 2010 and full year 2010 financial results. Total revenues for the fourth quarter of 2010 increased 5% year-over-year to USD36.0 million, while net income in the fourth quarter was USD5.01 million, [...]

KongZhong Forecasts Lower Revenues For Chinese Mobile Services

ChinaWirelessNews.com Editor — Mon, 22 Nov 2010 23:01:00 +0000

Chinese wireless value-added services company KongZhong Corporation revealed its unaudited third quarter 2010 financial results and stated its total revenues increased 7% year-over-year to USD37.67 million. However, the company says it expects total revenues for the fourth quarter to be within the range of USD35.5 million to 36.5 million. KongZhong's total gross profit for the [...]

Wireless Services Decline In China For KongZhong

ChinaWirelessNews.com Editor — Thu, 26 Aug 2010 00:22:36 +0000

Chinese mobile Internet company KongZhong Corporation today announced its unaudited second quarter 2010 financial results. Total revenues for the quarter increased 9% year-over-year to USD35.3 million and total gross margin was 48% in the second quarter of 2010, an increase of 44% from the previous quarter in 2010. Net income was USD2.6 million, and KongZhong [...]

Challenging Mobile Environment Shown By KongZhong's Financials In China

ChinaWirelessNews.com Editor — Wed, 19 May 2010 22:11:24 +0000

Chinese wireless value-added services firm KongZhong Corporation announced its unaudited first quarter 2010 financial results. Total revenues for the first quarter of 2010 increased 37% year-over-year to USD40.64 million, with WVAS revenues accounting for USD25.9 million, a 3% increase from the previous quarter and a 9% increase from the same period last year. Although the bulk of [...]

KongZhong Posts Increased China Revenue But Warns On Weak Mobile Growth

ChinaWirelessNews.com Editor — Wed, 17 Mar 2010 11:36:07 +0000

Chinese wireless value-added services firm KongZhong Corporation announced its unaudited fourth quarter 2009 and full year 2009 financial results and showed a net income increase for last year. Total revenues for the fourth quarter of 2009 increased 28% year-over-year to USD34.3 million, while gross margin decreased to 46% in the fourth quarter from 49% in the [...]

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

ChinaWirelessNews.com Editor — Mon, 01 Feb 2010 10:54:16 +0000

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

ChinaWirelessNews.com Editor — Wed, 27 Jan 2010 09:07:18 +0000

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

KongZhong Makes New Online Game Acquisition In China

ChinaWirelessNews.com Editor — Tue, 15 Dec 2009 23:27:17 +0000

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

ChinaWirelessNews.com Editor — Thu, 10 Dec 2009 23:33:20 +0000

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

KongZhong Announces Q3 2009 Financial Results

ChinaWirelessNews.com Editor — Wed, 11 Nov 2009 22:23:05 +0000

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

ChinaWirelessNews.com Editor — Mon, 10 Aug 2009 21:42:09 +0000

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

ChinaWirelessNews.com Editor — Mon, 20 Jul 2009 21:33:52 +0000

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

ChinaWirelessNews.com Editor — Mon, 22 Jun 2009 11:55:55 +0000

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

ChinaWirelessNews.com Editor — Thu, 14 May 2009 00:42:22 +0000

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

ChinaWirelessNews.com Editor — Wed, 18 Mar 2009 04:45:16 +0000

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

ChinaWirelessNews.com Editor — Wed, 18 Feb 2009 23:22:58 +0000

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

ChinaWirelessNews.com Editor — Wed, 11 Feb 2009 04:06:14 +0000

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

ChinaWirelessNews.com Editor — Thu, 29 Jan 2009 00:19:21 +0000

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

ChinaWirelessNews.com Editor — Mon, 17 Nov 2008 22:36:24 +0000

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.

Prefacing the announcement of its quarterly results, KongZhong said that mainly because of the financial ... Read More>>