Artificial Intelligence Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Liz McMillan, William Schmarzo

News Feed Item

Kingsoft WPS Software Reaches Record High Sales in Global and Domestic Markets During 2011

WPS Signed its First Large Purchase Order in 2012 and Continues to Seek for Breakthroughs

Hong Kong, Feb 7, 2012 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK stock code: 03888), a leading entertainment software, internet security and application software developer, distributor and service provider in China, has announced that a WPS purchase order of around RMB10 million has been signed by Kingsoft and China Post Group, providing the Company with a good start of 2012.

In late 2010, after the State Council issued the Notice of Legitimate Software Use in Government Organizations, the Government embarked on large scale procurement in 2011. This favourable policy has created an enormous market for domestic software companies, and Kingsoft has become a leader in the domestic market for legitimate software. To date, more than 70 departments, offices and ministries in the Central Government including the Ministry of Foreign Affairs, the General Administration of Press and Publication, the Ministry of Industry and Information Technology and the Science & Technology Ministry have purchased the Kingsoft WPS. According to statistics, Kingsoft WPS software accounted for 57% of the total government procurement market share in terms of ministries and commissions, and local government at all levels, achieving its best performance since the Company's establishment. Apart from government procurement, Kingsoft has also secured numerous orders with large state-owned enterprises and financial institutions, notably China Huadian Corporation, China Metallurgical Group Corporation and CITIC Bank.

Obtaining initial purchase orders are just the beginning of its success for Kingsoft WPS. A stable progress of the corporation will only become viable when the customers come to rely on operating the products they purchase and applyingthem across different operations in the office, and when the customers pay the license renewal fee after the initial license period expires. Recently, the Provincial Governments of Guangdong and Zhejiang have completed most of the purchase and licence renewals of WPS. A big portion of the legitimate software use of the products have been obtained through payments of licence renewal fees. It indicated the strong competitiveness of Kingsoft's products due to their high quality and low prices.

Xiao Bin, Vice President of Kingsoft Office Software and General Manager of Kingsoft Office Software Department , stated, "The sales volume of Kingsoft WPS Office in China as at the end of December 2011 has reached the level far beyond the historicalrecord of the same period. Taking account of overseas sales in areas such as Japan, the global sales volume of WPS recorded in 2011 is expected to climb further to a new height. In 2012, the Company is expanding the market for Kingsoft WPS to Western Europe in countries such as Germany. The mature software market there is the main reason for such strategic decision. In the second half of 2011, Kingsoft has launched Kingsoft Secured Cloud Storage, Kingsoft Kuaipun and Kingsoft Office Mobile Edition, indicating its accomplishment of a significant step towards the strategic transformation to Cloud Computing and Mobile Internet. The Company is confident to welcome the approaching Cloud Computing and Mobile Internet era."

About Kingsoft Corporation Limited

Kingsoft is a leading Internet-based developer, distributor and service provider of entertainment software, Internet security and application software in China. Since the commercial launch of its first office applications software, WPS 1.0, in 1989 followed by over 20 years of innovative endeavors, Kingsoft has become well recognized as a leading software brand in China. Kingsoft has also rejuvenated itself by successfully transiting from "the King of package software" legacy to become an Internet application based model of Software as a Service.

Kingsoft's main business encompasses on-line games, Internet security and application software. The Company utilizes the Internet as an effective and relatively secure channel to market and distribute its products, and has built an extensive sales and distribution network. Kingsoft launches 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. The Company is currently building a converged user platform for its diversified product portfolio and providing users with a variety of value-added services.

Enhancing the quality of digitalized lifestyle has been the mission of Kingsoft. Headquartered in Beijing, Kingsoft has set up R&D centers in Zhuhai, Beijing, Dalian and Chengdu. In addition to possessing strong R&D capabilities, Kingsoft has introduced top Internet and on-line game operation talents to its management team with the aim to enhancing user engagement and improving the efficiency of operations. Kingsoft will continue developing new products and expanding its market share in China, while vigorously penetrating into other overseas markets. For more information, please visit www.kingsoft.com.

Source: Kingsoft Corporation Limited

Kingsoft Corporation Limited
Ms. Michelle Feng Harnett 
Tel: +86 10 82325515
Email: [email protected]

Copyright 2012 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and wor...
Apptio fuels digital business transformation. Technology leaders use Apptio's machine learning to analyze and plan their technology spend so they can invest in products that increase the speed of business and deliver innovation. With Apptio, they translate raw costs, utilization, and billing data into business-centric views that help their organization optimize spending, plan strategically, and drive digital strategy that funds growth of the business. Technology leaders can gather instant recomm...
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, ...
After years of investments and acquisitions, CloudBlue was created with the goal of building the world's only hyperscale digital platform with an increasingly infinite ecosystem and proven go-to-market services. The result? An unmatched platform that helps customers streamline cloud operations, save time and money, and revolutionize their businesses overnight. Today, the platform operates in more than 45 countries and powers more than 200 of the world's largest cloud marketplaces, managing mo...
I spend a lot of time helping organizations to “think like a data scientist.” My book “Big Data MBA: Driving Business Strategies with Data Science” has several chapters devoted to helping business leaders to embrace the power of data scientist thinking. My Big Data MBA class at the University of San Francisco School of Management focuses on teaching tomorrow’s business executives the power of analytics and data science to optimize key business processes, uncover new monetization opportunities an...
Trend Micro Incorporated, a global leader in cybersecurity solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud workloads, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and investigation, enabling better, faster protection. With more than 6,00...