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HONG KONG, Nov 10, 2010 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK: 3888), a leading applications and entertainment software developer, distributor and service provider in China, announced that its wholly-owned subsidiary, Kingsoft Internet Security Software Holdings Limited ("KIS"), joins Keniu Network Technology (Beijing) Co., Ltd. ("Keniu Network") to set up Kingsoft Network Technology Limited ("Kingsoft Network"). Meanwhile, Kingsoft has announced that its Internet security product, Kingsoft Internet Security simplified Chinese personal edition, will be available free of charge. The free model aims to offer Kingsoft's rapid growing user base with free Internet security service. Meanwhile, the Company will speed up the launch of various value-added services and the introduction of new income-generating model. Such switch of operating model is one of the important steps of the Company's strategy of Internet specialization.
Mr. Sheng Fu, the current Chairman and CEO of Keniu Network, is appointed CEO of Kingsoft Network; Ms. Xin Wang, the current CEO of KIS, is appointed as COO; Mr. Min Xu, the current CTO of Keniu Network, is appointed as CTO; Mr. Pak Kwan Kau and Mr. Jun Lei, Chairman and Vice Chairman of Kingsoft, are the board members of the newly established company. Kingsoft Network owns all the Internet security products of KIS including Kingsoft Internet Security, Kingsoft Defender and Kingsoft Web Shield, as well as those of Keniu Network including Keniu Antivirus Freeware and Keniu Image.
Mr. Sheng Fu, CEO of Kingsoft Network, announced that the new company would adopt a "FREE" strategy, providing users with liberal and professional Internet security services free of charge. The first big step under the strategy is to launch Kingsoft Internet Security simplified Chinese personal edition for free. Moving forward, Kingsoft Network will proactively explore new business model in free antivirus software market and provide further value added services to users.
Mr. Pak Kwan Kau, Chairman and CEO of Kingsoft said, "KIS has accumulated advanced technical experiences and possesses good brand reputation, while the Keniu team is experienced in the Internet product operation. The strengths of the two teams are complementary to each other. The cooperation helps Kingsoft Network in its strategy to move towards Internet specialization. Moreover, bringing in Matrix Partners China, the world's leading fund agent, Kingsoft Network could obtain solid support in areas such as capital, business strategy and Internet resources."
Mr. Jun Lei, Vice Chairman of Kingsoft said, "The solid experiences in Internet product operation of Keniu team will facilitate the implementation of Kingsoft Network's strategy of Internet specialisation. Moving along with the market development trend, Kingsoft has entered into the free Internet security market. We believe that the overall market presence of Kingsoft Network will be further strengthened after the integration, which will enable us to capture a greater share of the Internet security market."
Contact:
Kingsoft Corporation Limited
Ms. Michelle Feng Harnett
Tel: +86 10 82325515
Email: ir@kingsoft.com
Ms. Claire Lee
Tel: +86 10 82334488 - 5850
Email: limiao@kingsoft.com
Topic: Business Tieup
Source: Kingsoft Corporation Limited
Sectors: IT Individual, eSports, Gaming
https://www.acnnewswire.com
From the Asia Corporate News Network
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