Joint Ventures, New Engagements, Acquisitions and Quarterly Results Announcements - Research Report on NetEase, Cognizant, Perfect World, OpenText, and KhongZhong

NEW YORK, August 22, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting NetEase Inc. (NASDAQ: NTES), Cognizant Technology Solutions Corp. (NASDAQ: CTSH), Perfect World Co., Ltd. (ADR) (NASDAQ: PWRD), OpenText Corporation (NASDAQ: OTEX) and KongZhong Corporation (ADR) (NASDAQ: KONG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

NetEase Inc. Research Report

On August 19, 2013, NetEase Inc. (NetEase) and China Telecom Corporation Limited (China Telecom) announced that they have established a joint venture which will launch "YiChat," a proprietary social instant messaging application for smartphones. According to NetEase, YiChat differentiates itself from other social instant messaging applications through the integration of various unique technologies, including allowing users to send free text and voice messages without the need to be installed on the receiving devices. Further, the Company stated that YiChat offers proprietary environmental noise reduction technology, high-quality photo messaging, and various original stickers, and emoticon designs.  The Full Research Report on NetEase Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d59f_NTES]

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Cognizant Technology Solutions Corp. Research Report

On August 14, 2013, Cognizant Technology Solutions Corp. (Cognizant) announced that it has been selected by CareFirst BlueCross BlueShield (CareFirst) to support the insurer's efforts to leverage mobile technology for its 3.3 million members. According to Cognizant, it will work with CareFirst to establish a direct connection with its members and provide them with quick, secure, and convenient ways to manage their health coverage, access information about physicians and claims, and obtain details about benefits, through smartphones and tablets. Cognizant stated that it will use its Mobility Testing Lab in Phoenix, AZ for on-demand, cloud-based testing of the mobile applications across multiple devices and carriers, which is expected to help CareFirst save time and infrastructure maintenance costs. The Full Research Report on Cognizant Technology Solutions Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b58c_CTSH]

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Perfect World Co., Ltd. (ADR) Research Report

On August 19, 2013, Perfect World Co., Ltd. (ADR) (Perfect World) reported its financial results for Q2 2013. The Company's total revenues increased 13.5% QoQ and 4.7% YoY to RMB708.5 million (or $115.4 million). Net income attributable to the Company's shareholders was RMB 80.7 million (or $13.2 million) compared with RMB158.2 million in Q2 2012. Diluted earnings per American Depositary Share (ADS) were RMB1.65 (or $0.27) in Q2 2013, compared with RMB 3.25 in Q2 2012. Commenting on the results, Robert Xiao, CEO of Perfect World, said, "Our strong second quarter performance was mainly driven by the successful launches of two of our new games, namely 'Saint Seiya Online,' a 3D comic-based MMORPG launched in China in mid-May, and 'Neverwinter,' a widely acclaimed MMORPG launched in North America and Europe at the end of April. In addition, we also launched a number of web and mobile games during the quarter and are working on more varied titles which will further diversify our deep game pipeline." The Full Research Report on Perfect World Co., Ltd. (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1c89_PWRD]

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OpenText Corporation Research Report

On August 16, 2013, OpenText Corporation (OpenText) announced that it has acquired Cordys, a BPM (business process management) software provider. Commenting on the acquisition, OpenText CEO Mark J. Barrenechea, said, "The acquisition of Cordys will enable OpenText to offer the strongest process and case management platform in the business. It means that we are now able to offer the broadest set of BPM technologies, including a 100% native cloud-based BPM platform and PaaS solution, cloud orchestration, integration ESB, rules engine, business activity monitoring, social and mobile interfaces, and an application development environment all from a single vendor and single platform." OpenText also said that the acquisition enables the Company to leverage indirect market channels like ISVs, SIs, and MSPs, who will find the new BPM features and SaaS and PaaS deployment options to be an attractive platform for creating process automation solutions for their customers. The Full Research Report on OpenText Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8d15_OTEX]

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KongZhong Corporation (ADR) Research Report

On August 19, 2013, KongZhong Corporation (ADR) (KongZhong) reported its financial results for Q2 2013. The Company's total revenues declined 12.8% YoY and 9.1% QoQ to $43.6 million. Net income was $6.5 million or diluted income per ADS of $0.15 in Q2 2013, compared to net income of $7.9 million or diluted income per ADS of $0.18 in Q2 2012. Commenting on the results, KhongZhong Chairman and CEO Leilei Wang, said, "Second quarter operating results came in line with our expectations. In the third quarter, we will invest significantly in the promotion of a new content update for World of Tanks and begin building marketing activities around the upcoming beta tests for Guild Wars 2, World of Warplanes and Master of the Meteor Blades. Additionally, we will ramp up our marketing spend around our self-developed smartphone games, with around 8 new games to be commercially launched or entering beta testing in the 2nd half of this year." The Full Research Report on KongZhong Corporation (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8440_KONG]

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