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Kingsoft Sets Up Internet Security Subsidiary Speeds Up Reshuffle of Internet Security Market
(Hong Kong, 15 April 2010) - Kingsoft Corporation Limited ("Kingsoft" or the "Company";HKEx: 03888), a leading applications and entertainment software developer, distributor and service provider in China, announced that Beijing Kingsoft Security Software Co., Ltd ("Kingsoft Security") has been set up and it will be more dedicated to in-depth development of Internet security software series, one of our major profitable products. The establishment of the new company marks the significant progress of Kingsoft's corporate strategy. Meanwhile, Kingsoft Internet Security 2011 has been officially launched; it is the leading cloud anti-virus software in China.
Kingsoft Security sets two core strategies - a full-scale migration to an Internet company and developing an authentic cloud security system. As the leading authentic cloud anti-virus software in China, Kingsoft Internet Security 2011 fully adopts "authentic cloud security technology", which will bring a whole new experience for users. Ms. Wang Xin, Chief Executive Officer of Kingsoft Security said, "As a leading company in China's Internet security software, we will take a series of measures to promote the healthy development of the industry, and will timely launch various Internet security software products with enhanced user experience to meet the market demands."
Kingsoft Security will adhere to the strategy of a full-scale migration to an Internet company, actively advocating expertise sharing and cooperation in the Internet security industry. Kingsoft Security offers all kinds of Internet security products, including Kingsoft Internet Security, Kingsoft WebShield and Kingsoft Defender etc., ranging from permanent free products to premium products. Kingsoft Internet security software is one of the major sources of revenue for the Company.
According to the figures released by the Company's 2009 Annual Results, Internet security software contributed RMB260 million, or 79% of total revenue from applications software units (RMB330 million). Mr. Pak Kwan Kau, Chairman and Chief Executive Officer of Kingsoft, said, "The Company's business expansion and the development of the Internet security market naturally led to the establishment of Kingsoft Security. Leveraging our experience in developing and operating online games, we will integrate the operations of online games, applications software and Internet security software, guided by the new operation model of Kingsoft Security. We will join hands together with clear divisions of business segments and exploit advantages of each other, to enhance the Company's overall operating efficiencies and profitability."
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