Shares of China's NQ Mobile (NQ) were gaining by 6.53% to $4.08 on Thursday morning, after the global provider of mobile Internet services announced that it has entered into a deal to complete the divestment of the FL Mobile business and for the sale of its Showself's Live Social Video unit.

As part of the deal Tsinghua Tongfang affiliate Tongfang Investment Fund Series SPC will acquire 63% equity interest in FL Mobile, and 65% equity interest in Showself.