Kingsoft Office Software Secures $50M in Funding from Morningside Group, GGV Capital and Shunwei China Internet Fund, L.P. Strategic Financing to support new US operations and global product and partnership expansion
PALO ALTO, Calif., Nov. 25, 2013 /PRNewswire/ -- Kingsoft Office Software, Inc., a market leader in mobile and desktop office solutions, today announced a $50 million capital investment from Morningside Capital (Morningside), GGV Capital (GGV) and Shunwei China Internet Fund, L.P. (Shunwei). In addition, Morningside and GGV will join Kingsoft Office's Board of Directors, and will play an active role in developing Kingsoft Office's global strategy.
"Kingsoft Office has grown to become one of the most popular and highly rated office solutions for PCs and mobile devices. And with an estimated 2 billion mobile devices to be shipped in 2014, we see an incredible opportunity to continue growing our consumer base as well as our global partnerships," said Mr. Ke Ge, CEO of Kingsoft Office. "We are excited to have the support of three highly respected venture firms to help drive our vision forward."
Kingsoft Office Software has also opened its new North American headquarters in Palo Alto, Calif. to oversee consumer marketing and global partnership development with major OEMs, software developers and service providers in the US, LATAM and EMEA.
Kingsoft Office Software allows users to review, edit and save office documents on most popular PC and mobile operating systems including: Windows, Linux, Android and iOS. Kingsoft Office's PC version currently has 120 million users worldwide. Kingsoft Office for Android recently surpassed 100 million registered users and is a top ranked app in 40 major Google Play stores around the world.
About Kingsoft Office Software, Inc.
Palo Alto-based Kingsoft Office Software is the market leader in mobile and desktop office solutions. With over 100 million registered users, the company's Kingsoft Office for Android is the most popular, free mobile office solution on Google Play, featuring robust capabilities for reading, editing and sharing word documents, presentations and spreadsheets from smartphones and tablets. The Kingsoft Office suite is also available for other platforms including iOS, Linux and Windows desktop. More information can be found at: www.ksosoft.com and follow @kingsoft_office on Twitter.
SOURCE Kingsoft Office Software, Inc.