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Hong Kong, Jan 6, 2010 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK: 03888), a leading entertainment and applications software developer, distributor and service provider in China (by market share), is pleased to announce that the Company is selected by Forbes China, the world-renowned magazine, as one of the most promising up and comers in China in 2010, with a huge leap from ranking 51 in 2008 to ranking 16 this year. Kingsoft has been selected for the third time in a roll, which proved that the Company is highly competitive and profitable with huge potentials for further growth and development.
Kingsoft has been dedicated to innovation, with a determination to explore and develop more comprehensive and innovative applications and entertainment software in order to meet the needs of the public and lead the domestic software industry. Kingsoft's commitment to innovation was also acknowledged by the Chinese President Hu JinTao during his visit to the research centre of Kingsoft in December 2009. Entering into a new year, Kingsoft will carry on offering high quality products, with a target to launch several new products in the first quarter, including the long awaited new 2D online game The Legend of Moon online edition developed by Seasun Game Studio of Kingsoft, the enhanced Kingsoft Internet Security 2010 version as well as the new Kingsoft WPS office 2010 version with combined online functions.
This is the sixth time for Forbes China to conduct such an in-depth and independent appraisal toward over 8,000 SMEs with an annual revenue from 5 million to 1 billion in China. The calculation of the ranking is based on the weighted computation derived from the growth index (3 years weighted sales growth rate and profit growth rate), return rate index (3 years weighted ROA and ROE), profitability index (sales profit rate) and scale index of enterprises with some candidates participated in site visits. Through all these processes, the top 200 SMEs with greatest growth potentials are ranked accordingly.
About Kingsoft Corporation Limited
Kingsoft is a leading developer, distributor and service provider of applications and entertainment software in China. Following the commercial launch of its first office applications software WPS 1.0 in 1989 and through over 20 years of innovative endeavor, Kingsoft has been widely recognized as a household renowned software brand in China. We have rejuvenated and successfully transited ourselves from the legacy of "the King of package software" to be an internet application based model of Software as a service (SAAS).
Kingsoft's main business lines are on-line games, internet security and application software. We have built an extensive sales and distribution network through our online and offline distribution channels. We provide numerous well-known software products such as WPS Office, Kingsoft PowerWord, Kingsoft Internet Security and online games including the JX Series and the First Myth series to retail customers, corporate clients and government bodies in China. Kingsoft is building a converged user platform for its diversified product portfolio and providing a variety of value-add-services.
The mission of Kingsoft is being committed to improving the quality of people's digital lives. With its headquarter located in Beijing, Kingsoft has built a number of R&D centers in Zhuhai, Beijing, Chengdu and Dalian. While leveraging our R&D strength, we have introduced groups of top software and game operation talent to our management team with the aim to better user engagement and improve operational efficiency. Kingsoft will carry on developing new products and expanding its market share in China, while making strong entrance into other overseas markets. For more information, please visit www.kingsoft.com.
Contact:
Kingsoft Corporation Limited
Michelle Feng Harnett
Tel: +86 10 82325515 / +86 135 0200 7218
Email: ir@kingsoft.com
Miao LI
Tel: +86 10 82334488-5850 / +86 150 0131 3220
Email: limiao@kingsoft.com
Hill and Knowlton (Asia) Limited
Chelsea Ng
Tel: +852 2894 6240
Email: chelsea.ng@hillandknowlton.com.hk
Tiff Ko
Tel: +852 2894 6208
Email: tiff.ko@hillandknowlton.com.hk
Jan 6, 2010
Source: Kingsoft Corporation Limited
Topic: Press release summary
Sectors: IT & Internet
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2010 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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