China’s Kingsoft Net Profit Up 26% In 2009
Chinese software and on-line game provider Kingsoft has published its annual financial report for 2009, stating that its total operating revenue for 2009 increased by 25% year-on-year to CNY1.022 billion, including 67% contributed by the on-line game business and 32% from software.
Kingsoft stated that the operating revenue of its on-line game sector was CNY684.2 million in 2009, a year-on-year increase of 24%; while the income from the software sector was CNY329.2 million, a year-on-year increase of 26%.
At present, Kingsoft owns dozens of research and development studios for the development of independent products. Meanwhile, it operates over ten massively multiplayer on-line role-playing games in China and expanded its overseas market to Southeast Asian countries, including Vietnam, Malaysia, Cambodia, and Thailand. The company also set up a wholly-owned subsidiary in Malaysia.
For software, Kingsoft stated that the growth of its income was promoted by users’ booking of its Internet security products with mobile phones and bank cards. In 2009, Kingsoft’s revenue from the Internet security products increased by 29% year-on-year to CNY258.9 million, accounting for 79% of its total software revenue. By December 31, 2009, the average number of daily paid users of Kingsoft Duba, the anti-virus software of the company, had reached 8.74 million.
In August 2009, Kingsoft Duba reportedly passed the tests of AV-Comparatives, the authoritative organization for the independent tests of anti-virus software, making Kingsoft Duba the only Chinese anti-virus software product that passed the tests. In addition, Kingsoft Duba launched a security center in cooperation with Maxthon and MSN while launching new editions.
Commenting on Kingsoft’s plans for the future, its chairman and CEO, Qiu Bojun, stated that Kingsoft will insist on providing boutique software and on-line games to users while enhancing its operation. In 2010, Kingsoft will reportedly expand the market of its office software, WPS Office, by providing more value-added services. It will also launch new quality products to promote the rapid growth of twin-engine operations and to build a structure which can cover different user bases with multiple product lines.
Find more stories about: AV-Comparatives, Cambodia, Duba, Internet game, Kingsoft, Malaysia, Maxthon, MMORPG, MSN, on-line game, Qiu Bojun, Thailand, Vietnam, WPS Office
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Submited at Monday, March 29th, 2010 at 3:00 pm on Technologies by Alina
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