KongZhong Corp Looks to Mobile Games

KongZhong Corporation (NASDAQ: KONG), an interactive entertainment, media and community services provider to mobile phone users in China, expects revenues from its mobile games to make up 25-30% of its earnings this year, vice president Wu Linguang has said. The current share of mobile games is 10%. The company will operate 80 offline games, 5 browser games and 4 mobile online games in 2009, according to Wu. KongZhong's mobile game business earned it $49 million during the first quarter of 2009, up 83% on the previous quarter.

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