Editorial Summary

Chinese wireless value-added service (WVAS) provider Hurray (Nasdaq: HRAY) plans to acquire more music companies to reach a 25 percent share of China's music market in the next three years, reports China Business News quoting Hurray CEO QD Wang. Wang also said that Hurray will transform from an SP to a CP in the near future. Hurray acquired stakes in Huayi Music and Freeland Music and 100 percent of mobile game developer Magma Digital in 2006.