China Tech News — China’s Kingsoft says its cloud computing subsidiary has completed a third round of financing of USD60 million and its investors included IDG and AMC. During the financing, Kingsoft invested USD31.1 million in the subscription of 53,016,833 Kingsoft Cloud shares; AMC invested USD26.31 million in the subscription of 44,851,680 shares; and IDG invested USD2.59 million in the subscription of 4,423,784 shares.
Deal Street Asia — Kingsoft Cloud Group has secured a $60-million Series C investment from a syndicate of investors that includes its parent firm Kingsoft, IDG Capital Partners and AMC Investor. Kingsoft Cloud provides cloud-based hosting, storage and database services.
China Daily — One of the country’s leading antivirus software and Internet services companies isaiming to lead the ever-growing domestic cloud-computing market, afterexperiencing dramatic growth since launching its cloud operations in 2012. Zhang Hongjiang, chief executive officer of Kingsoft Corp Ltd, said its Kingsoft Cloudoffshoot also has its sights firmly on becoming second globally, behind Amazon WebServices Inc, the world’s largest cloud provider.
China Tech News — Kingsoft Cloud has reached a deal with HP to provide medical, banking, and gaming industry customers with platform and application services based on private and mixed clouds. As both companies have private cloud businesses in China, Zhang Hongjiang, chief executive officer of Kingsoft, said HP has a deep understanding of the Chinese market.
Chinese software company Kingsoft expects sustained growth in its cloud computing and storage businesses as it begins to serve Xiaomi’s rapidly growing overseas users this year, its chief executive said. The Zhuhai-based, Hong Kong-listed firm also hopes to diversify beyond Xiaomi, which made up most of Kingsoft’s revenue last year, as it gains new customers in the rapidly growing Chinese market for cloud services.
BEIJING: China’s Xiaomi Inc has agreed to buy about 3 percent of software firm Kingsoft Corp Ltd from Tencent Holdings Ltd for HK$527 million ($67.99 million), according to a Kingsoft filing on Monday. The deal with Xiaomi, the world’s third-biggest smartphone maker, is expected to close on January 30, the filing to the Hong Kong exchange said. Chinese social networking and video game giant Tencent will still hold 9.6 percent of Kingsoft.
Kingsoft Corporation Limited signed a joint operation framework agreement for games with Huaduo Group. Kingsoft said that the company and Huaduo Group agreed to establish a long-term business relationship to explore the cooperation in the area of the online games. In order to regulate the joint operation in games, the two parties entered into the joint operation framework agreement for games on December 30, 2014, and set the annual caps of the continuing connected transactions contemplated thereunder for the three years ending December 29, 2017.
BEIJING — 21Vianet Group, Inc. (Nasdaq:VNET) (“21Vianet” or the “Company”), a leading carrier-neutral internet data center services provider in China, announced today that affiliates of Kingsoft Corporation Limited (HK:3888) (“Kingsoft”), a leading internet based software developer, distributor and service provider, Xiaomi Corporation (“Xiaomi”), a leading designer, manufacturer and marketer of mobile devices and other electronic equipment and a provider of internet services, and Temasek, a Singapore based investment company, have entered into definitive share purchase agreements with 21Vianet. All shares to be issued in these transactions are newly issued shares of 21Vianet.
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.