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HONG KONG, June 18, 2010 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK stock code: 03888), a leading applications and entertainment software developer, distributor and service provider in China, has announced that its WPS Office has been collectively procured by tens of state-owned enterprises (SOEs) including China Southern Power Grid, Angang Steel Group, Baogang Steel Group, China Southern Airlines, Chinatex Corporation and China XD Group etc., at the signing ceremony in Beijing. Previously, WPS Office has been used by more than 50 central ministries under the State Council, more than 300 provincial and municipal institutions as well as many large and medium-sized enterprises.
This procurement of WPS Office follows on the heels of a similar purchase and implementation by more than 10 SOEs including Sinosteel Corporation in December 2009, demonstrating the proven functionality of WPS Office to major corporations. The purchase conveys SOEs' strong awareness of intellectual property rights. It also underscores the strong capability of Kingsoft to challenge and even replace similar foreign products, which will facilitate and promote the development of local office software applications.
In addition to the collective procurement of WPS Office from the SOEs, the number of downloads of the free WPS Office Personal Edition has increased to more than 50 million by the beginning of June 2010. To further expand the user group and explore new business opportunities, the Internet office automation product of WPS Office-Kuai Pan has started an alpha test and the mobile office software for iPad is to soon begin an open beta test.
Mr Ge Ke, Senior Vice President of Kingsoft, said, "Riding on its advantages of Chinese word processing functions, user-friendliness and compatibility with other office software, the Kingsoft WPS Office can meet the daily usage requirements of large organizations. The collective purchase proves SOEs' high acceptance of our product and the Kingsoft brand. We believe that more orders of WPS Office from SOEs will promote the progress of copyright protection in China. On the other hand, the rapid growth of download of WPS Office Personal Edition marks the increasing demand from domestic market. These will boost the development of the local software industry and hence bring great potential for the growth of Kingsoft office software business."
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: Press release summary
Source: Kingsoft Corporation Limited
Sectors: Daily Finance, IT Individual, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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