Shanghai-based wireless applications firm Linktone reports a net loss of $3.2 million for the second quarter ending June 30, compared with $3.1 million net income in the period last year. The firm did not disclose the reason for the quarterly losses.
Wireless valued-added services company KongZhong says it generated a net income of $40,000 for the second quarter. The figure was down 99.5% from the period last year and 97.4% from the first quarter, the company said.
Google plans to offer full refunds to users who had bought video through a service it is shutting down. The company initially planned to give only credits through its nascent Google Checkout offering, requiring people to make a purchase for coffee, magazines or other items sold by merchants who accept Checkout payments.