Comment on Sungy Mobile Files for IPO in the U.S.[Updated] by Sungy Mobile Zhang Xiangdong: Chinese Apps Put More Effort on Business Model than User Experience in Overseas Markets | Kungpao.tv

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-10-23 00:00:00

Chinese mobile content and service provider Sungy Mobile files for an NYSE IPO to raise up to $80 million, under the ticker GOMO. [Update: Sungy Mobile would go IPO on the NASDAQ instead on November 22, 2013 ]Sungy Mobile was founded in 2003, starting from a mobile portal, 3G.cn, based on the WAP and then Symbian. The company didn’t really gain momentum until the launch of Go Launcher, an Android launcher released in November 2010, and other Android apps. It had approximately 239 million users as of September 30, 2013, with 42 million monthly active users in Q3 2013, Sungy disclosed. Sungy claims the Go series has a total of 325 million users worldwide, with 70% from outside China.