NQ Mobile narrows losses

NQ Mobile Inc. (NYSE: NQ)
narrowed losses for the second quarter to 2 cents per American Depositary Share from 22 cents per ADS in the year ago period as revenue rose. The company also
announced plans to sell its stake in FL Mobile to Beijing Jinxing
Rongda Investment Management and its stake in NationSky to Beijing
NationSky founder Hou Shuli. Shares of the Chinese mobile Internet services provider soared $1.17 to close at $4.20.