Xiaomi Technology: Smartphones, Devices and Services ... Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Xiaomi Technology: Smartphones, Devices and Services ...

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Eric L	6/7/2013 9:26:09 AM
	of 19

Forbes on Lei Jun ... >> Chinese Tech Billionaire Lei Jun's Kingsoft Climbs 18% On Surge In Profit Russell Flannery Forbes \|Business May 27, 2013 forbes.com Shares in Kingsoft Corp., the Chinese online game and Internet software supplier chaired by Chinese tech billionaire Lei Jun, soared by 18% in Hong Kong yesterday after the company said its earnings more than doubled in the first three months of the year. Unaudited net profit climbed to 195.9 million yuan, or $32 million, from 87.5 million yuan a year earlier, Kingsoft said in a statement. Sales climbed by 56% to 456 million. Revenue from Kingsoft’s online game business, which accounts for more than half of its sales, rose by 40%, Kingsoft said. Sales tied to its Kingsoft Internet Security business grew even faster. Click here for a link to the company’s latest earnings report. Other listed Chinese ongame companies such as NetEase and Giant Interactive have been posting sales growth. Lei, who also leads unlisted Chinese smartphone maker Xiaomi and Nasdaq-listed social site YY YY ranked No. 878 on the 2013 Forbes Billionaires List with wealth of $1.75 billion. ### - Eric -

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next