Rumor: KongZhong to Release New Online Game

TechWeb, 7/05/10

A source inside Chinese wireless value-added services (WVAS) provider and gaming company KongZhong (Nasdaq: KONG) has revealed that KongZhong will soon release a new online game that has been under secret development for three years under the internal codename "F Plan."

In a telephone interview with reporters, the project head at KongZhong confirmed the report, and added that KongZhong had begun transitioning to gaming as its main business last year.

According to a source at KongZhong, the company has seen major upheavals in its human resources beginning in March, beginning with the executive level, followed by a number of older employees. The changes are said to be linked to the company's change in business.

Editor's Note: In subsequent reports, KongZhong denied that it was transforming into a gaming company, stating that online gaming is only one of the company's 4 lines of business. KongZhong said that the human resource changes were only part of normal staff turnover.

Keywords: Internet wireless WVAS Kongzhong KONG SP online gaming HR

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