Linktone and KongZhong Report 50% Drop in Revenuesposted by MR WAVETHEORY at 8/20/2007 05:37:00 PM
The way I see it these companies have no compelling applications of their own and serve as distributors of third party apps or content. Not all WVAS are bad, but there are some bad players in the industry and everyone if having to pay for the sins of the bottom feeders. One of the biggest complainsts is that bottom feeders rip off customers by charging fees for services that they advertise for free, double bill for services, and spam their inboxes with premium rate messages. It's replay of the carnage of what happened in Europe and the US two years ago. It's kind of their own doing. On top of that, China Mobile is doing more of the content themselves and keeping more of the revenue.
On the other hand, companies with real applications like QQ are doing well.