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Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Security Software
ijinshan.com

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Stage

Series B | Alive

Total Raised

$24.39M

Last Raised

$20M | 10 yrs ago

About Kingsoft Network

Provider of liberal and professional Internet security services free of charge. Products include antivirus software, software management, system management, and Internet protection solutions. The company also offers image processing software which allows photo editing, management, and browsing. The company was created through the merger between Kingsoft Internet Security Software Holdings and Beijing Keniu Technology Development.

Kingsoft Network Headquarter Location

237 Chaoyangbei Road Suite 1801

Beijing, 100020,

China

86 10 5977 0977

Latest Kingsoft Network News

Kingsoft Subsidiary Cheetah Mobile Files for IPO on the NYSE to Raise $300 million

Apr 4, 2014

81.7% of the total revenues by Cheetah Mobile in 2013 from advertising Photo Credit: PR By Tracey Xiang Kingsoft Corporation (SEHK: 3888)  announced  two months ago that it would spin off a business unit for Internet security and other services and list its shares in the U.S. The spinoff has  filed with the U.S. Securities and Exchange Commission  and is renamed Cheetah Mobile — it was formerly known as “Kingsoft Network” in Chinese and it developed a web browser called Cheetah. Cheetah Mobile plans to raise $500 million on the NYSE. Kingsoft acquired Conew, aka. Keniu, an Internet security and photo editing service provider in 2010 and merged it into its own anti-virus business. Sheng Fu, founder of Conew, was named CEO of the new company whose focus would be security software. As Fu was known as the right-hand man to Hongyi Zhou, CEO of Qihoo, when they were developing the online security product at Qihoo before the two had a fight and Fu left the company. Qihoo sued Fu alleging the latter used confidential information of the former for developing Conew security product, poached Qihoo employees and competed with it within the restricted period, and publicly made negative comments on Qihoo. So the acquisition of Conew was seen as a strategy of Kingsoft to fight against Qihoo who disrupted the China’s Internet security market by making its paid security service for free. So were the next moves by Conew. Like Qihoo, the combination of Conew and Kingsoft’s anti-virus business would offer their services for free, develop a web browser Cheetah and expand overseas. As Qihoo had been dominating in online security and web browser markets in China, Kingsoft thought there might be a chance to beat it overseas. While Qihoo launched an English version of its flagship security service and bought a stake in a Brazilian security product, Kingsoft stealthily launched Clean Master, Android storage management app in 2012. At the end of 2013, Sheng Fu  announced the free app had had more than 100 million installs . I learned from mobile advertising and other service providers that the company has spent a large amount of money acquiring overseas users since its launch. And now Clean Master is trying to gain users in the domestic market. Cheetah adopted Qihoo’s business model, too. Actually a handful of Chinese Internet companies who offer free Internet services, including the biggest Chinese input method service provider Sogou, adopted Qihoo’s model. They’d channel users of their free software to a web browser and monetize mainly through search marketing and other advertising means, and online gaming. 81.7% of the total revenues by Cheetah Mobile in 2013 was from advertising, and the rest was from gaming, according to the company’s prospectus. This post was originally published on Technode ציוץ Technode Technode (formerly known as MOBINODE) is the leading tech blog uncovering the latest news on start-up entrepreneurs, investors, large companies and industry trends in China and Asia. TechNode is the official partner of TechCrunch, managing TechCrunch China. Its focus is social media, mobile and e-commerce and new trends such as Big Data and augmented reality. Written in both English and Chinese TechNode aims to be the go-to source to discover original, insightful and opinionated content that helps connect the eco-system of entrepreneur’s, investors and consumers. TechNode is founded by Dr. Gang Lu , one of the most influential Chinese tech bloggers in global web industry. TechNode also organizes monthly events named TechNode Touch (TNT) in several cities in China, and it also leads ChinaBang Awards, an annual event rewards the best startups in China. Tags:

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