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Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:59 EDTCMGEChina Mobile Games drops after reportedly removing executives
Shares of China Mobile Games are down 24% to $14.35 after the company reportedly removed a total of nine executives, including President Ying Shuling. The news was reported by Sina Tech, according to Bloomberg. Nomura says China Mobile indicated the nine managers were removed for alleged involvement in bribery within its game publishing business.
News For CMGE From The Last 14 Days
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November 17, 2014
09:22 EDTCMGEOn The Fly: Pre-market Movers
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06:08 EDTCMGEChina Mobile Games sees Q4 revenue RMB 380M-RMB 400M
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06:08 EDTCMGEChina Mobile Games reports Q3 EPS 38c, consensus 35c
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November 13, 2014
13:56 EDTCMGEChina mobile game sector to grow slower in 2015, says Rosenblatt
Rosenblatt says Tencent reported below consensus numbers, particularly in mobile games, where revenue fell sequentially. The firm expects China's mobile game sector to grow slower in 2015 and remains on the sidelines with regards to shares of Sky-mobi (MOBI), China Mobile Games (CMGE) and iDreamSky (DSKY). Rosenblatt thinks Qihoo's(QIHU) mobile game distribution business will also be hurt by the slowing growth.

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