A number of wireless Chinese stocks recently got hit with a triple whammy. Chinese companies with shares traded in the U.S. were hammered by the recent plunge in the Chinese market, the fall in the U.S. market and then, once again, by the recent actions of the Chinese government, which has been regulating the ways wireless content providers can market and sell their content. The situation has been so difficult that Tom Online (nasdaq: TOMO - news - people ), one of the biggest wireless portals in China, will soon be taken private by its parent company, Tom Group, so that its business can be restructured and its business strategy can be optimized without the pressures that face public companies.

But while Tom goes private, there could now be some good opportunities for investors. One company that I think will reward investors this year is Beijing-based Hurray! Holdings (nasdaq: HRAY - news - people ). The company’s American Depository Shares, which now trade around $4.93, are down nearly 50% from the company’s 52-week high in April. Yet Hurray! is taking aggressive steps to revamp its business.

Read more on Hurray!’s prospects on Forbes.com. Click Here.