KongZhong Corporation (NASDAQ: KZ) , listed on Nasdaq in 2004, is a leading online game developer and operator in China. KongZhong operates three main business units, namely Internet Games, Mobile Games and WVAS. Under Internet Games, KongZhong operates the largest Chinese military gaming platform under the "WAR SAGA" brand, which incl...
BEIJING, Dec. 16, 2015 /PRNewswire/ -- KongZhong Corporation (NASDAQ: KZ), a leading provider of digital entertainment services for consumers in the PRC, today announced the results of its 2015 Annual General Meeting which was held on December 16, 2015 in Beijing, China. Its shareholders have adopted several resolutions.
The shareholders of KZ voted to: (1) Re-elect Hope Ni as an Independent Director for an additional three-year term; (2) Re-elect Tai Fan as a Director for an additional 3-yea...
BEIJING, Nov. 26, 2015 /PRNewswire/ -- KongZhong Corporation (NASDAQ: KZ) (the "Company"), a leading online games publisher and developer in the PRC, today announced that its board of directors has approved the sale of a portion of its shareholding in Ourgame International Holdings Limited ("6899.HK") ("Ourgame") to Glassy Mind Holdings Limited.
Pursuant to the terms and conditions of a sales and purchase agreement between the Company and Glassy Mind Holdings Limited, dated as of November 24,...
BEIJING, Nov. 23, 2015 /PRNewswire/ -- KongZhong Corporation (NASDAQ: KZ), a leading online games publisher and developer in the PRC, today announced its unaudited financial results for the third quarter of 2015.
Third Quarter 2015 Financial Highlights
Total revenues for the third quarter of 2015 were US$ 38.58mn.
Total gross profit was US$ 16.90mn.
Net income was US$ 3.90mn, with diluted net income per American Depositary Shares ("ADS") of US$ 0.08.
Non-GAAP net income was US$ 4.5...
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