Tencent Tech, 8/25/10
Beijing Kingsoft Internet Security Software, a subsidiary of Chinese software firm Kingsoft (3888.HK), will officially complete its merger with Beijing-based image editing software maker Conew in September, according to industry insiders. Fu Sheng, head of Conew, will become CEO of the new company and Kingsoft Internet Security CEO Wang Xin will become COO. The news will be publicly announced on September 9.
Editor's Note: For more background on this topic, please see "Rumor: Conew Acquires Kingsoft Subsidiary" MD 8/09/10 issue.