Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Baidu in Talks to Invest in Kingsoft

36Kr, 1/12/13

According to a number of Chinese language tech blogs, Chinese internet company Baidu (Nasdaq: BIDU) is currently engaged in talks with software developer and online entertainment provider Kingsoft (3888.HK) to take a controlling share in the company. The transaction has received approval from a number of Kingsoft investors, including Chinese internet and mobile services firm Tencent (0700.HK). An announcement about Baidu's investment in Kingsoft will be made before the Chinese New Year Holiday in February.

Editor's Note: According to Tencent Tech, citing an informed source, Baidu began high level talks with Kingsoft following recent conflicts in China's search market with internet services and security software provider Qihoo 360 (NYSE: QIHU). As described by Tencent Tech, Baidu's investment in Kingsoft represents a strategic investment and Baidu will not take a controlling stake in Kingsoft. Baidu and Kingsoft have reached an investment agreement and will soon complete the related paperwork for the investment.

Keywords: anti-virus Kingsoft Internet investment security Baidu 3888.HK BIDU Qihoo 360 QIHU online search


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports