Internet Business News, "Zoom Technologies sells operations in China."

INTERNET BUSINESS NEWS-(C)1995-2013 M2 COMMUNICATIONS

During the fourth quarter of 2012, Zoom Technologies, Inc. (NASDAQ: ZOOM) management decided to sell its operations in China.

Therefore, the company entered into a securities purchase agreement with Beijing Zhumu Culture Communication company, Ltd. to sell ZOOM’s manufacturing, research and development, mobile game development,…