Kingsoft Takes Stake In Chinese Internet Technology Software Developer

December 19, 2008 | Print | Email Email | Comments | Category: Software



    Chinese software maker Kingsoft says it will acquire approximately 30.03% interest in aggregate in the share capital of Sky Profit.

    Kau Pak Kwan, chairman and CEO of Kingsoft, stated, "The acquisition and the strategic partnership shall further enhance the market position of Kingsoft with the ability to leverage on the client base and certain existing software products of the other parties, which shall offer an opportunity for growth by sourcing additional customers and end users through software and technical system integration and mutual promotion and expansion. Kingsoft believes the acquisition shall provide business opportunities to diversify the investment portfolio of Kingsoft and help enhance the revenue potential as a whole."

    Sky Profit is a holding company that has full control in its Chinese subsidiary companies developing computer and online game software products. The value of the transaction is USD8 million.

    As part of the deal, Kingsoft shall also form a strategic partnership with Sky Profit as well as its wholly owned subsidiary companies and controlling entities.

    Related Links:

    Find more stories about: , , , ,

    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Tencent Acquires 15.68% Stake In Kingsoft For HKD900 Million
  • China's Kingsoft Integrates Keniu To Form Kingsoft Network
  • Kingsoft Launches Privacy Protection Software In China
  • Kingsoft Confirms Establishment Of Independent Security Company In China
  • Kingsoft Acquires Shenzhen Security Software Company
  • Kingsoft Launches Word Power 2006
  • Kingsoft Invests CNY10 Million To Set Up JV Game Company
  • Kingsoft Inks Worldwide Security Software Deal
  • What's In A Name For China's Kingsoft Corporation?
  • Kingsoft Will Forge JV In Vietnam



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR