QUOTE AND NEWS
RTTNews  Jun 30 
KongZhong Corp. (KONG) traded to the upside around midday Monday and took out the highs of the session late in the afternoon. The stock finished up by $1.03 at $10.98 on the highest volume of the year.
JLM Pacific Epoch  Jun 22 
Chinese wireless value-added service (WVAS) provider KongZhong Corporation (Nasdaq:KONG) announced June 22 that it has agreed to pay $3 million to acquire the entire issued share capital of Chinese mobile game developer Simlife International, Inc....
JLM Pacific Epoch  Jun 18 
Chinese wireless value-added service (WVAS) provider KongZhong Corporation(Nasdaq:KONG) has partnered with Beijing-based fashion information site Yoka.com to offer a wireless application protocol (WAP) version of the site at yoka.kong.net, TechWeb...
StreetInsider.com  May 20 
Visit StreetInsider.com at http://www.streetinsider.com/Stock+Buybacks/KongZhong+Corporation+%28KONG%29+Increases+Buyback+By+%245M+To+%2415+Million/4669945.html for the full story.
Fusion Investing and Analysis  May 13 
KongZhong Corporation (NASDAQ:KONG) blew away analysts estimates when they reported after hours on Wednesday. Could this baby gorilla of the wireless market finally be growing up into a chest pounding 800lb gorilla?
MarketWatch  May 13 
KongZhong Corp. late Wednesday reported its first-quarter net income rose to $2.5 million, or 7 cents per American depositary share, from $88,000, or breakeven, in the same quarter last year. Excluding items, the Beijing-based wireless services...
PR News Wire  May 13 
BEIJING, May 13 /PRNewswire-Asia/ -- KongZhong Corporation (Nasdaq: KONG), a leading mobile Internet company in China, today announced its unaudited first quarter 2009 financial results. First Quarter 2009 Financial Highlights: (Note: Unless
the Underground Investor  Jan 5 
January 4, 2007 In Part I of this two-part blog entry, I said that I would discuss some specific Asian companies that would benefit from the global technology adoption of Internet Protocol Version 6 (IPv6). Two Chinese companies, KongZhong...
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TOP CONTRIBUTORS
KONG AT A GLANCE
P/E -17.1 
EV/EBITDA -28.9 
ROA -11.5%AVG
ROE -12.5%AVG
Debt to Equity 0.113VERY LOW
Current Ratio 8.59VERY HIGH
 
 
 
 
 
 
 
 
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Kongzhong Corporation (Kongzhong) is one of the leading providers of wireless value-added services in China. The company provides most of its services through 2.5G technology platforms, including wireless access protocol (WAP), multimedia messaging service (MMS), and Java, which offer higher quality graphics, richer content and interactivity compared to 2G wireless services. Kongzhong also offers a range of data and voice services through 2G technology platforms, including short messaging service (SMS), interactive voice response (IVR) and color ring back tone (CRBT). It delivers its services that users can access directly from their mobile phones, including by choosing an icon embedded in select models of handsets, or from a mobile operator's portal or web site. In 2006, revenue from 2.5G and 2G each accounted for 49% and 51% of the total revenue of the company. In 2006, its top three products, SMS, WAP, and MMS business each contributed 41%, 25%, and 22%, respectively, of the company's revenue.

Kongzhong's third quarter results were in line with market expectations. Revenue stopped declining sequentially for the first time in the past five quarters. The Chinese wireless value-added services market has seen increasingly intense competition, and the policy changes from Chinese telecom operators and regulation changes from Chinese government have great effect on Kongzhong's business. Although we are not optimistic about its prospects in the near term due to the tough WVAS operating environment, the company still has enough cash to look for another source of revenue growth in the future. The low P/B ratio of the stock can provide some support for its stock price. Therefore, we are maintaining our Hold recommendation for the stock.



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