Kingsoft Games Settles Restructuring Plan
Sina Tech, 12/31/10
Kingsoft (3888.HK) executive board member and Kingsoft Games CEO Zou Tao has indicated that the restructuring of Kingsoft Games' R&D department has been finalized. Currently, Kingsoft is in the process of organizing the financial and legal details of the restructuring. Zou predicted that by the middle of January 2011, Kingsoft would be able to reveal the details of the reorganization.
An industry source revealed that the restructuring would be modeled on the subsidiary model of Chinese online game developer and operator Giant Interactive (NYSE: GA). Giant's R&D structure uses a project model with a subsidiary company framework. For example, ZT Online is an independent subsidiary, as is ZT Online II. Giant and its subsidiary companies split the shares of the companies, both sharing the benefits and spreading the costs.
The game operations team that is led by president of Kingsoft Games, Yi Min, has not been part of the restructuring process.
There have been reports that vice president Zhu Yong, who is in charge of R&D in Beijing, was yesterday placed on indefinite leave. Kingsoft indicated that Zhu is on regular leave, and that he had previously applied for it.
The source also indicated that another vice president of Kingsoft plans to leave, but the person in question has already denied the claims.
Editor's Note: For more background on this topic, please see "Kingsoft Restructures Game Developer Studios" MD 11/25/10 issue.
Keywords: corporate restructuring game developer Zou Tao Kingsoft Internet 3888.HK online gaming Min Yi
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