Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

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


Please note, all fields are required.
None of your personal information will be shared with third parties.



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 Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports