Announced
KongZhong Corporation sold a 70% stake in Beijing Xigua Huyu Technology to Guangzhou Yunmi Software Technology.
Synopsis
KongZhong Corporation, a Chinese company that provides value-added services including video games via the Internet and various mobile networks, sold a 70% stake in Beijing Xigua Huyu Technology, an application software company, to Guangzhou Yunmi Software Technology for $22m.
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Steven Lee
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