Revenue Update on KongZhong Corporation (ADR)(NASDAQ:KZ)

KongZhong Corporation (ADR)(NASDAQ:KZ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 29, 2016. Earnings per share were $0.17.

KongZhong Corporation (ADR) (KZ) made into the market gainers list on Thursdays trading session with the shares advancing 0.31% or 0.02 points. Due to strong positive momentum, the stock ended at $6.55, which is also near the day’s high of $6.58. The stock began the session at $6.52 and the volume stood at 86,733 shares. The 52-week high of the shares is $7.75 and the 52 week low is $4.7. The company has a current market capitalization of $309 M and it has 4,71,03,326 shares in outstanding.

KongZhong Corporation is a provider of digital entertainment services for consumers in the People’s Republic China (PRC). The Company provides feature phone mobile games on the networks of China Mobile. The Company operates in three segments: Internet games mobile games and wireless value-added services (WVAS). It is also a provider of WVAS to mobile phone users. In addition to developing and operating its self-developed Internet games such as Loong Demon Code and Kung Fu Hero it is an operator of the World of Tanks game for China Internet games market. The Company is also a licensee in China for the Guild Wars 2 game developed by ArenaNet Hawken game developed by Meteor Entertainment Blitzkrieg 3 game developed by ZZima Auto Club Revolution game developed by Eutechnyx and Guozhan Online game developed by Guangzhou Sixiang. It conducts its business in China through its wholly owned subsidiaries.

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