NASDAQ GS
DSKY

iDreamSky Technology Limited

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces Investigation Of iDreamSky Technology Limited (NASDAQ GS: DSKY)

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that it has launched an investigation on behalf of the shareholders of iDreamSky Technology Limited (“iDreamSky” or the “Company”) (NASDAQ GS: DSKY), with respect to whether the Company and certain of its officers and directors have possibly violated the federal securities laws.

On March 13, 2015, the Company announced updates to its previous revenue guidance for the fourth quarter of 2014.  The Company estimated its revenue guidance for the fourth quarter of 2014 to be between RMB327.0 million (US$52.7 million) and RMB329.0 million (US$53.0 million), as compared to the previously announced revenue guidance of between RMB390.0 million (US$62.9 million) and RMB410.0 million (US$66.1 million).  The revised guidance was mainly attributed to the delayed launch of a popular casual game on one of the Company’s distribution platforms, and that the monetization of another popular casual game was less than expected due to the simultaneous launch of other hit games on the same distribution platform.

On this news, American Depository Shares (“ADSs”) in iDreamSky plummeted more than 33%, closing at $7.22 per share on March 16, 2015.

If you purchased ADSs of iDreamSky before March 16, 2015 and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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