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Kingsoft Corp Ltd (3888.HK)

3888.HK on Hong Kong Stock

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29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Kingsoft Corp says FY net loss RMB 270.7 million vs profit of RMB 369.2 million
Tuesday, 21 Mar 2017 06:10am EDT 

Kingsoft Corp Ltd <3888.HK>: Recommended payment of a final dividend of HK$0.10 per share . FY net loss RMB 270.7 million versus profit of RMB 369.2 million a year ago .FY revenue RMB 8.28 billion versus RMB 5.68 billion a year ago.  Full Article

Kingsoft Corp updates on announcement related to delegation of voting rights in Cheetah
Monday, 13 Feb 2017 08:12pm EST 

Kingsoft Corp Ltd <3888.HK> : Reference is made to announcement of kingsoft dated 12 february 2017 in relation to proposed delegation of voting rights in cheetah .Deemed disposal gain as a results of proposed delegation to be recognized in consolidated statement of profit or loss is expected to be about RMB3 billion.  Full Article

Kingsoft Corp updates on announcement related to delegation of voting rights in Cheetah<3888.HK>
Monday, 13 Feb 2017 06:42pm EST 

Kingsoft Corp Ltd <3888.HK> : Reference is made to announcement of kingsoft dated 12 february 2017 in relation to proposed delegation of voting rights in cheetah .Deemed disposal gain as a results of proposed delegation to be recognized in consolidated statement of profit or loss is expected to be about RMB3 billion.  Full Article

Kingsoft Corp appoints Tao Zou as chief executive
Thursday, 1 Dec 2016 06:11am EST 

Kingsoft Corp Ltd <3888.HK>: retirement of hongjiang zhang as executive director and chief executive officer .Appointment of tao zou as chief executive officer of company.  Full Article

Kingsoft Corp says qtrly profit attributable rmb 141.7 mln
Sunday, 20 Nov 2016 06:24pm EST 

Kingsoft Corp Ltd <3888.HK>: Qtrly profit attributable rmb 141.7 mln vs rmb47.6 mln . "We expect our revenue to continue to grow steadily" .Qtrly revenue rmb 2.23 bln vs rmb 1.51 bln.  Full Article

Kingsoft Corp posts Qtrly net loss RMB 807.6 million<3888.HK>
Friday, 19 Aug 2016 05:24am EDT 

Kingsoft Corp Ltd <3888.HK>: Announcement of the results for the three and six months ended 30 June 2016 <3888.HK> . Qtrly revenue RMB1.77 billion versus RMB 1.28 billion a year ago . Qtrly net loss RMB 807.6 million versus profit RMB 94 million a year ago . Says board has resolved not to declare any interim dividend in respect of the six months ended 30 June 2016 . The second quarter of 2016 is a challenging one for Kingsoft as cheetah Mobile is facing short-term revenue and profit pressure .  Full Article

21vianet Group extends strategic cooperation agreement with Kingsoft
Wednesday, 6 Jul 2016 08:00am EDT 

21vianet Group Inc : 21Vianet Group, Inc extends strategic cooperation agreement with Kingsoft . 21Vianet will continue to provide new cabinets to Kingsoft and its designated third-parties .Renewed agreement extends term of strategic cooperation on data center cabinets leasing by three years until January 2021.  Full Article

Kingsoft Corp updates on share subscription agreement<3888.HK>
Monday, 23 May 2016 06:49am EDT 

Kingsoft Corp Ltd <3888.HK>: Deal for a total consideration of US$388 million . 21vianet group and tus-holdings co through affiliated investment vehicle, entered definitive share subscription agreement .  Full Article

Kingsoft Corp posts qtrly net profit of RMB133.8 million<3888.HK>
Thursday, 19 May 2016 07:08am EDT 

Kingsoft Corp Ltd <3888.HK>: Announcement of the results for the three months ended 31 March 2016 <3888.HK> . Qtrly revenue RMB1.75 billion versus RMB1.11 billion a year ago . Q1 net profit RMB133.8 million versus RMB114.5 million a year ago . Monthly arpu for group's online games for first quarter of 2016 increased 7% quarter-over-quarter and 42% year-over-year to RMB47 . Expect operating profit may be under pressure in the coming quarters . Operating profit margin for the year 2016 May be similar to that for the year 2015 . "Well positioned to continue strengthening our Mobile internet and cloud businesses in the coming quarters" . Cheetah Mobile is facing headwinds from advertising sales on some of third-party advertising platform partners in international markets .  Full Article

Kingsoft Corp says co, Cm investor, Kingsoft Cloud Group enters share purchase agreement<3888.HK>
Sunday, 8 May 2016 07:37pm EDT 

Kingsoft Corp Ltd <3888.HK>: Connected transaction and discloseable transaction <3888.HK> . On 6 may 2016, co, cm investor, Kingsoft Cloud Group, certain Ksc shareholders & officers entered into share purchase agreement . Says aggregate consideration of deal is US$48.90 million .  Full Article

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BRIEF-Kingsoft Corp Ltd issues profit warning

* Expected that group will record a consolidated profit for three months ended 30 september 2016