Sky-mobi Limited Forms Partnership With China Mobile's Reading Platform
March 05 2012 - 8:00AM
Sky-mobi Limited ("Sky-mobi" or the "Company") (Nasdaq:MOBI), a
leading mobile application store and mobile social network
community operator in China, today announced that its subsidiary,
Hangzhou Mijia Technologies Co., Ltd., has entered into a
partnership agreement with China Mobile's reading platform. Content
from China Mobile's reading platform will be published and promoted
on Sky-mobi's Maopao platform.
Under the terms of the agreement, China Mobile's mobile reading
application software will be made available as a downloadable
application via the Maopao's browser, application store and via
technical plug-ins to Sky-mobi's Maopao Community. China
Mobile's mobile reading platform will share revenue with Sky-mobi
based on viewed content following the download of its reading
application software. With the popularity of smartphones and
the advent of the mobile Internet era, the mobile reading market
has entered a stage of dramatic growth. China Mobile's mobile
reading platform owns 280,000 electronic publications on its
mobile-phone platform, which attracts visits by 70 million
mobile-phone users a month.
Mr. Michael Song, Chairman and Chief Executive Officer of
Sky-mobi, stated, "We are excited to expand our relationship with
China Mobile by making its mobile reading application and content
available to our user base. By adding one of China's most popular
reading application software and extensive mobile reading database
to our platform, we expect to further increase our market presence
in the mobile application sector and the stickiness of our Maopao
Community."
Mr. Hezhong Dai, General Manager of China Mobile's reading
platform, stated, "We are excited to make our high-quality reading
application available to millions of additional mobile users of
China Mobile Group via Sky-mobi's Maopao platform."
About Sky-mobi Limited
Sky-mobi Limited operates the leading mobile application store
in China as measured by revenues in 2010, according to Analysys
International. The company works with handset companies to
pre-install its Maopao mobile application store on handsets and
with content providers to provide users with applications and
content titles. Users of its Maopao store can browse, download, and
enjoy a range of applications and content, such as single-player
games, mobile music, and books. The Company's Maopao store enables
mobile applications and content to be downloaded and run on various
mobile handsets with different hardware and operating system
configurations. The company also operates a mobile social network
community in China, the Maopao Community, where it offers mobile
social games, as well as applications and content with social
network functions to its registered members. The Company is based
in Hangzhou, the People's Republic of China. For more information,
please visit: www.sky-mobi.com.
The Sky-mobi Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8458
About China Mobile
As the leading mobile services provider in China, China Mobile
boasts the world's largest mobile network and the world's largest
mobile customer base. As of 31 December 2010, China Mobile had a
total staff of 164,336 and a customer base of 584 million, and
enjoyed a market share of approximately 69.3% in Mainland China.
The Company's GSM global roaming services covered 237 countries and
regions and its GPRS roaming services covered 186 countries and
regions.
The Company owns 100% interest in operating subsidiaries in 31
provinces in Mainland China and in Hong Kong.
Safe Harbor Statement This announcement
contains forward-looking statements within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. In some cases, you can identify forward-looking statements
by such terms as ''believes,'' ''expects,'' ''anticipates,''
''intends,'' ''estimates,'' the negative of these terms, or other
comparable terminology. Such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected. Potential risks and uncertainties include the
effectiveness, profitability, and marketability of the Company's
solutions; the Company's limited operating history; measures
introduced by the PRC government and mobile network operators aimed
at the telecommunications industry and mobile applications-related
services; the Company's ability to maintain cooperation
relationships with handset companies, content providers and payment
service providers; its dependence on mobile service providers, and
ultimately mobile network operators, for the collection of a
substantial majority of its revenues; billing and transmission
failures, which are often beyond the Company's control; its ability
to compete effectively; its ability to capture opportunities in the
expected growth of the smart phone market; its ability to obtain
and maintain all applicable permits and approvals; general economic
and business conditions; the volatility of the Company's operating
results and financial condition; the Company's ability to attract
or retain qualified senior management personnel and research and
development staff; and other risks detailed in the Company's
filings with the Securities and Exchange Commission. These
forward-looking statements are based on current expectations,
assumptions, estimates and projections about the Company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law.
CONTACT: Sky-mobi Limited
Mr. Carl Yeung, CFO
Phone: +(86) 571-87770978 (Hangzhou)
Email: ir@sky-mobi.com
CCG Investor Relations
Elaine Ketchmere, Partner and VP
Phone: +(1) 310-954-1345 (Los Angeles)
Email: elaine.ketchmere@ccgir.com
Mobius Management (NASDAQ:MOBI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mobius Management (NASDAQ:MOBI)
Historical Stock Chart
From Jul 2023 to Jul 2024