Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of iDreamSky Technology Limited (“iDreamSky” or the “Company”) (NASDAQ:DSKY) concerning possible violations of federal securities laws. iDreamSky, through its subsidiaries, licenses and operates single-player mobile games and mobile online games in the People’s Republic of China.

The investigation is related to certain statements issued by the Company concerning iDreamSky’s financial performance and prospects. On March 13, 2015, iDreamSky announced updated revenue guidance for the fourth quarter of 2014. The Company now estimates fourth quarter revenue to be between RMB327.0 million (US$52.7 million) and RMB329.0 million (US$53 million), compared to previously announced revenue guidance of between RMB390.0 million (US$62.9 million) and RMB410.0 million (US$66.1 million).

According to the Company, the revised guidance reflects that “the launch of a popular casual game was delayed on one of the Company distribution platforms, and 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.” Following this news, iDreamSky shares fell more approximately 26%, or as much as $2.88 below the previous closing price, in intraday trading on March 16, 2015.

If you purchased iDreamSky shares, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.