Kingsoft Earmarks CNY1 Billion To Build Headquarters In Zhuhai

Chinese software provider Kingsoft plans to invest CNY1 billion to build a 96,000-square-meter headquarters and research center in Zhuhai, Guangdong province.

Li Mei, an administrator at Kingsoft, says that the company's current office site is not able to support the development of the company. Lei Jun, vice chairman of Kingsoft, says the revenue of Kingsoft is expected to reach over CNY1 billion in the next three years and the number of its employees will increase to 5,000. Kingsoft currently has more than 2,000 employees.

According to Kingsoft, the new software park, which will mainly focus on software development, overseas business expansion, training and customer service, will be completed in three to five years. In addition, the online game and anime center planned in the new software park will become a development center, technology development platform and manufacturing and processing factory for online game and anime products.

Over time, a Kingsoft representative told Hong Kong media, the company's sales are expected to increase from the current CNY700 million to CNY7 billion in ten years and the revenue of its overseas business will increase from about 20% to over 50% of the company's total revenue.

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