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 [...]

Chinese online game firm Shanda Interactive Entertainment Limited announced that it has completed its business swap with Ku6 Media Company Limited. The companies entered into the transaction on June 1, 2010. Ku6 has now acquired 75% of an online audio business from Shanda in exchange for 415,384,615 newly issued ordinary shares of Ku6, and it [...]

Chinese online media company Sina Corporation today announced its unaudited financial results for the quarter ended June 30, 2010, and stated net revenues grew 10% year over year. Sina reported net revenues of USD99.4 million, compared to USD90.3 million for the same period last year. Advertising revenues for the second quarter of 2010 were USD73.1 [...]

Chinese mobile services and Internet portal company NetEase.com Inc. announced its unaudited financial results for the first quarter ended March 31, 2010, and stated its total revenues for the first quarter of 2010 were CNY1.2 billion, compared to CNY1.3 billion and CNY781.7 million quarter-on-quarter and the first quarter of 2009, respectively.
Revenues from online games were [...]

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 [...]

Chinese online media portal and mobile value-added services firm Sina Corporation announced its unaudited financial results for the quarter ended March 31, 2010, and stated its net revenues grew 15% year-on-year.
For the first quarter of 2010, Sina reported net revenues of USD85.0 million, compared to USD73.8 million in the same period in 2009. Advertising revenues [...]

Based on users' complaints and investigations done by its provincial affiliates, China Mobile has punished five mobile phone game service providers and seven wireless music service providers to which it offers network access.
The five mobile game value-added service providers are reportedly MNC, Guangzhou Dongyi Information Technology Company, Beijing Dongfang Huiqun Technology Development Company, Beijing Astrolink [...]

Days after announcing a drop in mobile revenue for last year, Chinese wireless value-added services firm Linktone Ltd. has now announced a new acquisition of a Singapore company.
Linktone announced that it together with its major shareholder, PT Media Nusantara Citra Tbk, have completed the acquisition of 75% of the share capital of InnoForm Group. InnoForm [...]

Chinese wireless value-added services firm Linktone Ltd. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
CEO Hary Tanoesoedibjo said, "Although Linktone has not been immune to the challenges faced by our industry, we were pleased to deliver full year financial results that were above our expectations. During 2009, [...]

Chinese telecom operator China Mobile has published its annual financial report for 2009, stating that its operating revenue increased by 9.8% year-on-year to CNY452.103 billion, while its net profit increased by 2.3% year-on-year to CNY115.166 billion.
The report said China Mobile's profit rate reached 25.5% in 2009; its earnings before interest, taxes, depreciation, and amortization reached [...]

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 [...]

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 [...]

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 [...]

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

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

Taiwan plans to issue two mobile television licenses in October 2010 and the capital threshold [...]

Chinese wireless value-added services firm Linktone Ltd. has entered into a definitive agreement to acquire [...]

South Korean telecom operator KT has announced plans to acquire 25% stake in Omnitel China, [...]

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

In an effort to fight mobile pornography, Chinese telecom operator China Mobile has announced that it suspended all of its WAP service partners' ability to charge for services as of November 30, 2009. This applies to all of its WAP wireless value-added service partners in China, regardless of a partner's … Read More>>