Sky-mobi and Leading Chinese Portal Tencent Form Strategic Partnership
January 31 2011 - 7:00AM
Sky-mobi Limited (Nasdaq:MOBI) ("Sky-mobi" or the "Company"), the
leading mobile application store in China, today announced that the
Company and Tencent, one of China's most popular Internet portals,
have formed a strategic partnership. This strategic partnership is
to promote Tencent's QQ Mobile Browser on Sky-mobi's Maopao
application store and make Sky-mobi a preferred partner for a
series of Tencent's mobile software, including mobile security
software and Tencent miniblog.
Under the terms of the collaboration agreement between the two
companies, Tencent will pay Sky-mobi a commission for each of its
users that become an active Tencent QQ Mobile Browser user.
Sky-mobi estimates that this partnership will make a meaningful
contribution to its top- and bottom-line results in the quarters
ahead, driven by Sky-mobi's large user base and access to the
Maopao application store.
"The collaboration we have announced today represents another
step in establishing Maopao as the leading application store in
China," commented Michael Song, Chairman and CEO of
Sky-Mobi. "Our large user base will have access to Tencent's
QQ browser, which adds to the range of fun and useful Tencent
services available on Maopao. In return, Tencent will have the
opportunity to introduce its services to mobile phone users across
China. We look forward to a successful collaboration for both
parties."
Sky-mobi's Maopao store is accessed by hundreds of millions of
Chinese mobile phone users and includes a variety of utilities,
games and entertainment options. Sky-mobi collaborates with
mobile service providers and handset vendors who pre-install the
Sky-mobi's Maopao platform on their mobile phones. The Maopao
store offers a large number of applications and content titles that
extends the usability of low-to-mid range mobile phones, or feature
phones, by giving them many of the capabilities of more expensive
smart phones, with such features as leading-edge user interfaces
and Internet access. The partnership with Tencent is another
important step in extending the range of applications available to
Maopao users to make their phones smarter.
About Tencent:
Tencent Holdings Limited (SEHK 700) was founded in November,
1998, and has since grown into one of China's largest and most
widely used Internet portal. Presently, Tencent is providing
value-added Internet, mobile and telecom services as well as online
advertising with the goal of providing users with "one-stop online
lifestyle services". Tencent's leading Internet platforms in
China -- QQ (QQ Instant Messenger), QQ.com, QQ Games, Qzone,
3g.QQ.com, SoSo, PaiPai and Tenpay -- have brought together
China's largest Internet community, to meet the various needs of
Internet users including communication, information, entertainment,
e-commerce and others. As of September 30, 2010, active QQ user
accounts for QQ IM totaled 636.6 million while peak concurrent
users reached 118.7 million.
About Sky-mobi Limited:
Sky-mobi Limited (Nasdaq:MOBI) operates the leading mobile
application store in China. Sky-mobi works with handset
companies to pre-install its Maopao mobile application
store on handsets and with content developers to provide users
with high quality applications and content titles.
Users of the Maopao store can browse, download and purchase a
wide range of applications and content such as single-player games,
mobile music and books. In addition, Sky-mobi has established a
leading mobile social network community in China, the Maopao
Community, where it offers popular localized mobile social games as
well as applications and content with social network functions to
its registered members. The Maopao store enables mobile
applications and content to be downloaded and run on a variety of
mobile handsets with different hardware and operating system
configurations.
The Sky-mobi Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8458
Safe Harbor
Statement
This press release contains forward-looking statements that
reflect the Company's current expectations and views of future
events that involve known and unknown risks, uncertainties and
other factors that may cause its actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. The Company has based these
forward-looking statements largely on its current expectations and
projections about future events and financial trends that it
believes may affect its financial condition, results of operations,
business strategy and financial needs. You should understand
that the Company's actual future results may be materially
different from and worse than what the Company expects.
Information regarding these risks, uncertainties and other factors
is included in the Company's registration statement on Form F-1 and
other filings with the SEC.
CONTACT: Sky-mobi Limited
Mr. Carl Yeung, CFO
Phone: +(86) 571-87770978 (Hangzhou)
Email: ir@sky-mobi.com
CCG Investor Relations
Mr. Ed Job, Account Manager
Phone: +(86) 21-3133-5075 (Shanghai)
Email: ed.job@ccgir.com
Ms. Kristin Knies, Sr. MI Executive (New York)
Phone: + (1) 646-833-3401
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