NQ Mobile Inc. has hired KB Teo to the position of CFO. Current CFO, Suhai Ji, will work with Mr. Teo for a period of time to ensure a smooth transition and remain as a senior advisor to the company. Prior to joining NQ Mobile as CFO, Mr. Teo was a Managing Director and acted as Co-Head of Asia Investment Banking for Piper Jaffray. He was also a director of TMT Investment Banking for Deutsche Bank AG and executive director for Goldman Sachs.

The company provided earnings guidance for the third quarter of 2013. The company now expects third quarter 2013 revenues to exceed its previously issued guidance range of $50-$51 million.