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13D Filing: IDG-Accel China Growth Fund II Associates Updates Attempts to Acquire KongZhong Corp (KONG)

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KongZhong Corporation (ADR) (NASDAQ:KONGis the subject of two new 13D filings, with this one being issued by IDG-Accel China Growth Fund II Associates, which reveals the most up-to-date ownership information of the investment firm in the stock, which you can see in the table below, with the firm owning 100.41 million shares of KongZhong. 13D filings indicate an activist position, which means that the filer may make efforts to engage the company’s management and/or board of directors and make recommendations as to ways to improve the company’s operations and enhance the stock’s value to shareholders. Any such transmissions are often disclosed in 13D filings and a good example of that is found in the below filing, which discloses the firm’s attempts to acquire the company, as part of a consortium.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
IDG-Accel China Growth Fund II Associates 92,818,000 7,591,160 92,818,000 7,591,160 100,409,160 5.3%

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Washington, D.C. 20549




(Amendment No. 1)*


(Name of Issuer)

Shares, par value US$0.0000005 per share**

(Title of Class of Securities)


(CUSIP Number)

IDG-Accel China Growth Fund II L.P.

c/o IDG VC Management Ltd.

Unit 5505, The Center

99 Queen’s Road

Central, Hong Kong

+86 10
6526 2400

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

17, 2016

(Date of Event which Requires Filing of
this Statement)

If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of Rule 13d-1 (e), 13d-1(f) or 13d-1(g), check the following box  ¨.

Note. Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See Rule §240.13d-7(b) for
other parties to whom copies are to be sent.

* The remainder of this cover
page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
** Not for trading, but only
in connection with the registration of American Depositary Shares each representing 40 ordinary shares.
*** This CUSIP applies to the
American Depositary Shares, each representing 40 ordinary shares.

The information required on the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).

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