Kingsoft Corporation Limited, a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2014. During the period under review, the revenue of Kingsoft increased by 14% quarter-over-quarter and 55% year-over-year to RMB852.2 million. Revenue from the online game, Cheetah Mobile, and office software and others businesses represented 36%, 52% and 12%, respectively, of the total revenue. Gross profit increased by 12% quarter-over-quarter and 51% year-over-year to RMB711.8 million.
Hong Kong, Aug 19, 2014 – (ACN Newswire) – Kingsoft Corporation Limited (“Kingsoft” or the “Company;” SEHK stock code: 03888), a well-known Chinese software and Internet services company, announced its unaudited quarterly and interim results for the three and six months ended 30 June 2014 respectively. For the second quarter of 2014, revenue increased 11% quarter-over-quarter and 51% year-over-year to RMB750.5 million. .
Kingsoft Cloud Group has officially unveiled its full suite of cloud services including hosting, storage, drives, and a developer database, as the Chinese vendor looks to its links with security and smart devices to gain a competitive edge. The cloud computing subsidiary of Internet security company, Kingsoft, this week added the range of cloud offerings to its existing enterprise storage and network disk services.
A Kingsoft (HKG:3888) subsidiary has filed for an initial public offering in the US. Beijing-based Cheetah Mobile plans to raise US$300 million on the NYSE. This subsidiary has its own subsidiary by the name of KS Mobile, which makes four apps including the highly popular Android optimizer Clean Master. The most downloaded app of its kind, Clean Master is ranked number one in Google Play’s Tools category, and number four out of all non-games after Facebook, WhatsApp, and Facebook Chat. It has never spent any money on marketing.