KongZhong 2Q Profit Jumps 70% On Internet Game Sales, Lower Costs

   Date:2011/09/07

KongZhong Corp.'s (KONG) second-quarter earnings climbed 70% as the Chinese mobile entertainment company lowered product-development costs and more than doubled revenue in its relatively new Internet game segment.

For more than a year, KongZhong--which offers instant-messaging services, games and content for wireless devices in China--has been enhancing the gaming side of its business. Last year, it bought Dacheng Networks, a developer of 3D online role-playing games. ...

Source:wsj

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