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(From SinoCast China IT Watch)
BEIJING, July 17, SinoCast -- When the whole SP industry is declining and most SP enterprises are busy searching other ways around, Kong plans to invest huge in SP business.
Yang Ning, Kong's president, told China Business News that the company was going to invest USD 10 million in crafting Kong.net in hopes of making it the No.1 wireless Internet portal in China.
Yang believes that wireless internet has promising future though it cannot bring profits for the time being.
From last October, China Mobile took several measures to strike down and regulate the development of free WAP industry, which put the …