Rumor: Tencent to Invest in Kingsoft Network
DoNews, 7/05/11
Chinese internet giant Tencent (0700.HK) will soon invest in Chinese software company Kingsoft's (3888.HK) anti-virus security subsidiary Kingsoft Network Technology, according to an industry source. The source said that Tencent has been planning the investment for some time and the two companies have already agreed on the particulars of the deal. The two companies are expected to make a public announcement on July 6, but no details are currently available.
Keywords: Kingsoft Internet investment security software Tencent anti-virus 3888.HK Kingsoft Network Technology 0700.HK
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