Marbridge Daily

<- February 08, 2012 ->

Kingsoft Word Processing Software Sales Reach Record High in 2011

Kingsoft PR, 2/07/12

Chinese software developer Kingsoft (3888.HK) recently announced that a purchase order of around RMB 10 mln for its WPS Office (WPS) office suite has been signed by Kingsoft and China Post Group. 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. 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 Kingsoft's WPS. Kingsoft's 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.

Recently, the Provincial Governments of Guangdong and Zhejiang have completed most of the purchase and license renewals of WPS. A large portion of the earnings generated from legitimate software use has been obtained through license renewal fees.

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 historical record 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 even further. 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 this strategic decision. In the second half of 2011, Kingsoft has launched Kingsoft Secured Cloud Storage, Kingsoft Kuaipun and Kingsoft Office Mobile Edition."

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