Who Owns Kingsoft Company?

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Who Owns Kingsoft Corporation Limited?

Understanding Kingsoft Corporation Limited's ownership is key to grasping its strategic path and market sway. Its journey began with an IPO on the Hong Kong Stock Exchange in 2007, broadening its investor base and fueling growth in software and internet services.

Founded in 1988, Kingsoft has grown into a major player in China's tech landscape, offering popular products like WPS Office. In 2024, the company reported revenues of RMB 10,317.9 million, marking a 21% increase year-on-year.

Let's explore the evolution of Kingsoft's ownership, from its founders to its current major shareholders and their influence.

Kingsoft's product suite includes the widely recognized WPS Office, a key component of its business. A deeper dive into its market positioning can be found in the Kingsoft PESTEL Analysis.

Kingsoft Corporation's journey began in 1988 in Shenzhen, China, founded by Qiu Bojun, widely recognized as China's premier programmer. His foundational contribution was the single-handed development of WPS 1.0, the initial iteration of the company's flagship word processing software, in 1989. Qiu Bojun's vision centered on creating a localized office software solution capable of competing within the rapidly expanding Chinese personal computer market.

Founding Vision

Qiu Bojun aimed to develop office software tailored for the Chinese market. His dedication to WPS was central to the company's early strategy.

Early Leadership

Qiu Bojun served as CEO for the first decade, building a strong foundation. Lei Jun's later appointment as general manager marked a significant leadership transition.

Key Investment

In 1998, Lenovo provided a critical $4.5 million investment. This capital infusion was instrumental in the company's early growth and strategic direction.

Founder's Stake Sale

Qiu Bojun divested his 15.68% stake in Kingsoft to Tencent in 2011. This represented a major shift in the company's ownership structure.

Market Competition

The company's initial product focus was on challenging dominant international software providers. The early success of WPS was a testament to its localized approach.

Company Independence

Initially an extension of Hong Kong Kingsun, owned by Zhang Xuanlong, the company achieved independence. It established its headquarters in Beijing in 1994.

The early ownership of Kingsoft was heavily influenced by its founder, Qiu Bojun, whose technical expertise and vision for localized software were paramount. While specific initial equity distributions are not publicly disclosed, Qiu Bojun's leadership as CEO for the first ten years solidified his foundational role. The company's trajectory saw a significant shift in 1998 with a $4.5 million investment from Lenovo, which also brought Lei Jun into a management position, influencing the company's direction and ownership dynamics. This period also marked the company's transition to independence and its relocation to Beijing in 1994, moving away from its earlier association with Hong Kong Kingsun. The sale of Qiu Bojun's 15.68% stake to Tencent in 2011 marked a pivotal moment in the company's ownership history, indicating a significant founder exit and a change in the shareholder landscape, reflecting the evolving Mission, Vision & Core Values of Kingsoft.

Key Ownership Milestones

Understanding Kingsoft's ownership evolution reveals its strategic partnerships and founder transitions.

• Founding by Qiu Bojun in 1988.
• Development of WPS 1.0 by Qiu Bojun in 1989.
• Lenovo's $4.5 million investment in 1998.
• Qiu Bojun's sale of 15.68% stake to Tencent in 2011.

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Kingsoft Corporation Limited's journey to public trading began with its listing on the Hong Kong Stock Exchange in October 2007. This was followed by its subsidiary, Kingsoft Cloud Holdings Limited, which debuted on NASDAQ in May 2020 and later pursued a dual primary listing in Hong Kong in January 2023. These significant events broadened the ownership base for both entities.

The ownership structure of Kingsoft Corporation Limited is notably influenced by its co-founder and Chairman, Lei Jun, who as of March 2025, holds a substantial 12.6% stake, representing 174,818,191 shares. Beijing Kingsoft Qijian Digital Science and Technology Co., Ltd. is also recognized as a key shareholder. For Kingsoft Cloud Holdings Limited, Kingsoft Corporation remains the primary stakeholder with 37% of outstanding shares as of August 2025. Xiaomi Corporation follows as the second-largest shareholder, owning 12% of the common stock, with UBS Asset Management AG holding approximately 1.7%. These major shareholders collectively command over 50% of Kingsoft Cloud's equity, indicating significant control over its governance and strategic direction. A Brief History of Kingsoft details the company's growth and evolution. Other significant institutional investors, including BlackRock, Inc. and The Vanguard Group, Inc., also maintain holdings in both Kingsoft Corporation and Kingsoft Cloud, further diversifying the investor landscape.

Key Stakeholders in Kingsoft Cloud

Kingsoft Corporation and Xiaomi Corporation are the dominant shareholders in Kingsoft Cloud, influencing its strategic decisions.

• Kingsoft Corporation: 37% stake (as of August 2025)
• Xiaomi Corporation: 12% stake
• UBS Asset Management AG: Approximately 1.7% stake
• Collective control by top three shareholders: Over 50%
• Other institutional investors also hold stakes.

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The current Board of Directors for Kingsoft Corporation includes Lei Jun as Chairman, and Tao Zou serving as Chief Executive Officer (CEO) and an executive Director. Ng Yuk Keung is the Chief Financial Officer (CFO), with Shun Tak Wong and Wenjie Wu as independent non-executive directors. This structure reflects a blend of leadership roles across its subsidiaries and significant stakeholder influence.

Kingsoft Corporation's influence is particularly evident through its significant voting power in Kingsoft Cloud Holdings Limited, a subsidiary. Kingsoft Cloud operates under a dual-class share structure, with Class A shares carrying one vote and Class B shares carrying ten votes. Following Kingsoft Cloud's Initial Public Offering (IPO) in 2020, Kingsoft Corporation held a substantial number of Class B shares, granting it a disproportionate level of control. Specifically, Kingsoft Corporation held 662,806,049 Class B ordinary shares, which translated to 53.5% of Kingsoft Cloud's total voting rights. This structure allows Kingsoft Corporation to maintain significant influence over Kingsoft Cloud's strategic decisions, even without holding a majority of all outstanding shares, underscoring a key aspect of Kingsoft ownership and its company structure.

Understanding Kingsoft's Voting Power

Kingsoft Corporation's control over Kingsoft Cloud is primarily managed through its substantial holdings of Class B shares. These shares confer significantly more voting power than Class A shares.

• Class B shares have 10 votes per share.
• Class A shares have 1 vote per share.
• Kingsoft Corporation held 53.5% of Kingsoft Cloud's voting rights post-IPO.
• This dual-class structure is crucial for understanding Kingsoft stock ownership and who owns Kingsoft.
• The relationship between Kingsoft Corporation and its subsidiaries is a key element in its overall Kingsoft company structure.

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Recent years have seen significant shifts in the ownership landscape and operational focus for Kingsoft Corporation and its subsidiaries. These changes reflect a strategic pivot towards advanced technologies, particularly artificial intelligence, alongside robust financial growth.

Kingsoft Corporation demonstrated strong financial performance in 2024, with revenues reaching RMB 10,317.9 million, a 21% increase year-over-year, and operating profit surging by 64% to RMB 3,646.6 million. This growth is largely attributed to its strategic emphasis on AI integration, notably with WPS AI 3.0, which propelled its office software and services segment to a 12% revenue increase. The online games and others division also experienced substantial growth, with revenues up by 31% to RMB 5,196.8 million in the same period. This performance underscores the company's successful execution of its Growth Strategy of Kingsoft, balancing diverse revenue streams while investing in future technologies.

Kingsoft Corporation's Financial Health

Kingsoft Corporation reported a 21% year-on-year revenue increase to RMB 10,317.9 million in 2024. Operating profit saw a significant rise of 64%, reaching RMB 3,646.6 million.

AI Integration Driving Growth

The company's office software and services business grew 12% in 2024, fueled by the integration of WPS AI 3.0. The online games segment also showed robust performance with a 31% revenue increase.

Kingsoft Cloud's Strategic Investments

Kingsoft Cloud strengthened its financial position through a public equity offering and private placement in April 2025. Its AI business experienced a 120% growth in gross billing in Q2 2025.

Institutional Interest in Kingsoft Cloud

Despite a wider net loss of RMB 456.9 million in Q2 2025, Kingsoft Cloud saw increased institutional investment, with 57 institutions adding shares in Q4 2024. This indicates growing confidence in its long-term AI and cloud strategy.

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