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CMGE Partners With CHWTF.PK And One Other Chinese Handset Maker

 

Prepared by ChinaScope Financial | Source: Imeigu
  • China Mobile Games & Entertainment Group Ltd. (CMGE: NASDAQ) (the company) announced on March 25 that it has signed strategic partnership agreements with China Wireless Technologies Ltd. (02369: HKG) and with Beijing Tianyu Communication Equipment Co., Ltd.(Tianyu) to pre-install customized versions of the company's game center application on smartphones produced by the two handset makers.
  • According to the agreement, the company willpre-install customized game center application on China Wireless Technologies' proprietary Coolpad smartphones in 2013. Under a separate agreement with Tianyu, the company will pre-install customized versions of its game center application on Tianyu's proprietary K-Touch smartphones. The customized game center application will be the only official game center pre-installed on the smartphones manufactured by the partners. The game center application links its users to the games developed or operated by the company.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: CMGE, CHWTF