KongZhong: No Plans to Abandon Wireless Business

Netease Tech, 3/24/11

Wang Leilei, board chairman and CEO of Chinese traditional and mobile Internet company KongZhong (Nasdaq: KONG), recently divulged the company's online gaming strategy while clarifying that KongZhong has no plans to abandon its wireless business. Wang said KongZhong will focus development efforts on its online gaming business, placing equal emphasis on both licensed and self-developed games, to be led by Shanghai-based online gaming subsidiary Dacheng Network. Wang added that while KongZhong has begun developing mobile applications for platforms such as Android, revenues were "not worth mentioning."

Since the acquisition of Dacheng Network, many have speculated that KongZhong will focus solely on online gaming, and calls to do so have grown louder as the company's online gaming business continues to grow rapidly.

Keywords: R&D mobile gaming Dacheng online gaming Wang Leilei Internet strategy wireless Kongzhong KONG licensed game self-developed game mobile application

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily