Kingsoft plans to set up a new company to operate non-profit business
This Business news is provided from the SK Net Service Company Ltd
July 30 - the Kingsoft members have agree with the resolution that to strip out the non-profitable business such as WPS and Word Power and establish a new company to operate them independently.
There is evidence that Kingsoft will be fully operational drug gangsters, online games such as the revenue contribution to the larger business and gradually faded WPS, Kingsoft and other non-profit business have been signs since the end of last year. December 2007, Kam Shan Lei Jun, president left at the same time, Kingsoft announced that the three major cause of the original group to reduce software, online games two group and to enhance Geke, Zou Tao, senior vice president for were responsible for two Large group of business management and operation work. Software group responsible for the Geke then open to the media that the future of Gold Peak is the overall strategy will focus on the development of the fast-growing online games and rogue drug operations, WPS PowerWord and other forms of business will continue to operate on.
Related data show that, WPS business Although Kingsoft as the symbol of the spirit, but the company has long been unable to profitability of the product, because only through government procurement revenue, so the business can not be long-term, stable development. According to Gold Peak 2008 Q1 fiscal report show, quarterly revenue reached 1.75037 billion yuan, an increase of 68 percent of which, two online games and software business accounted for 69 percent of total revenue and 31 percent, to WPS, PowerWord Based on the profit contribution of other businesses less than 5%. It is worth noting that Kingsoft then tried to high-level media the future of the online games market and the distribution of antivirus software, but Kingsoft WPS and the future planning of the word did not mention.
None of Kingsoft members has yet to comment on the matter, the news from other sources show that the Gold Peak will complete the stripping of Kingsoft and WPS this year.