5 Red-Hot China Stocks

China Stock #3 – KongZhong Corporation (KONG)

Thanks largely to the country’s tremendous economic growth, there’s a new middle class in China. They have more leisure time than ever before, and
that means big opportunity for entertainment provider KongZhong Corporation (KONG).

The company provides wireless interactive entertainment, media and community services to mobile phone users, but it also offers interactive entertainment
services, including mobile games, pictures, logos, karaoke, electronic books and mobile phone personalization features such as ring tones. The Chinese
love their cell phones, and KongZhong provides much of the content that goes on those phones.

Investors certainly haven’t been hesitant to dial up shares of KONG, as the stock is up over 218% in the last 12 months.

I rate KONG an A, making it a strong buy.

NEXT – China Stock #4 – Shanda Interactive Entertainment