Shares of Chinese mobile app publisher Sky-mobi (NASDAQ:
MOBI) rose almost 18% Wednesday and another 4.5% after-hours. CFO John Bi indicated in an email to Benzinga, that the company's CEO, Michael Michael Tao Song, speaking at the 2014 TFC Global Mobile Game Developers Conference Wednesday, "revealed a clear strategy and high-growth opportunity" for Sky-mobi.
On Tuesday, Sky-mobi announced a partnership with China Telecom (NYSE:
CHL), to provide customized software services at China Telecom's network of stores.
Sky-mobi shares closed Wednesday at $10.42 and traded over $11.00 after-hours.
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