Kingsoft

What Kingsoft does

Kingsoft Corporation Limited is a Hong Kong-listed Chinese software company (HKG:3888) founded in 1988 that operates three business segments: office productivity software through the WPS Office suite, online gaming via subsidiaries Xishanju (西山居) and Kingsoft Shiyou (金山世游), and cloud services through Kingsoft Cloud (金山云). The WPS Office platform serves over 100 million daily active users in China as of early 2025 and has evolved from a Chinese-language word processor into a cross-platform productivity suite spanning Windows, macOS, Linux, Android, and iOS, with cloud integration, real-time collaboration, and enterprise-grade encryption. The company's technology stack is anchored by a unified "big trunk" core architecture developed since 2020, with proprietary AI capabilities layered on top, including WPS AI 4.0 for agentic document workflows and Qingzhou AI for lightweight private-deployment enterprise AI. Subsidiaries include Kingsoft Office (the listed productivity arm), Seasun/Shiyou (gaming), and Zhuhai Hengqin Yunxiang Zhisheng Network Technology (a subsidiary recently approved to import advanced Nvidia H200 and AMD AI chips).

Kingsoft monetizes through a freemium consumer model for WPS Office, with 66% of FY2025 revenue coming from individual users and the remainder from enterprise/government channels, and is actively expanding into enterprise via the WPS 365 platform launched in 2026 at LEAP EAST in Hong Kong, supported by usage-based AI token billing. The enterprise motion targets government, finance, healthcare, and large corporates seeking data-sovereign AI under China's domestic substitution policy; named deployments include the China Commerce Ministry, Jilin University of Finance and Economics, Kuse Group, Mudanjiang State-owned Assets Supervision and Administration Commission, and Hohhot First People's Hospital. The gaming segment, which declined 28% in FY2025, is being refreshed with new mobile titles co-published with Huya (Goose Goose Duck mobile, which added 5M+ registered users within 24 hours of its January 2026 open beta). FY2025 revenue totaled RMB 9,682.9 million (~USD 1.35–1.38 billion), down 6% year-on-year, with office software and services growing 16% while gaming declined 28%; profit attributable to owners rose 29% to RMB 2.00 billion, though this figure was inflated by a one-off RMB 1.25 billion gain from deemed disposal of a cloud associate. Lei Jun, founder and CEO of Xiaomi, serves as chairman of Kingsoft.

Name

Kingsoft

Legal name

Kingsoft Corporation Limited

Website

https://kingsoft.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Kingsoft is a Hong Kong-listed Chinese software company operating the WPS Office productivity suite (100M+ DAU), online gaming (Xishanju, Kingsoft Shiyou), and cloud services. It serves consumers, enterprises, and government under China's domestic substitution policy through freemium subscriptions and an expanding enterprise AI platform (WPS 365 with Qingzhou AI).

Ownership category

akta.pro rank

Product category

Office Productivity Software

NAICS

Software Publishers (513210), Software Publishers (51321), Software Publishers (5132)

akta.pro industry

PRIMARYBPAMAMAD

Document Creation & Office Suites

Business & Public Services/Web, Mobile & Digital Platforms/Collaboration, Productivity & Work Platforms

SECONDARYBPAMAKAB

Mobile Game Publishing & App Game Stores

Business & Public Services/Web, Mobile & Digital Platforms/Gaming Platforms & Digital Worlds

SECONDARYMPAFAHAI

White-Label Cloud Gaming Platforms for Publishers/Telecoms

Media, Entertainment & Sports/Gaming & Interactive Entertainment (Video Games, Esports)/Cloud Gaming & Game Streaming Services

Keywords

• Office productivity software
• Enterprise AI platform
• Online gaming
• Cloud computing services
• Document workflow automation

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Office Software and Services: Kingsoft's office software and services division generates revenue primarily through subscription-based models, with free basic features and premium AI-enhanced capabilities billed separately. This segment posted 16% revenue growth and is the company's strategic focus area for AI-driven expansion.
2. WPS Office Subscriptions: WPS Office offers a freemium model with basic features free and advanced features behind a paywall. Individual subscriptions and enterprise licenses generate recurring revenue. High-cost AI services are billed independently.
3. Online Gaming: Kingsoft operates online games through subsidiaries including Kingsoft Shiyou and West House (Xishanju). Revenue from this segment declined 28%, offset by new game launches. Games like Goose Goose Duck mobile are co-published with partners.
4. Usage-Based AI Token Fees: Kingsoft is shifting toward usage-based token fee models for AI services, aligning with industry trends where daily token consumption in China's AI market is surging. AI agent-based products that continuously consume computing resources drive consumption-based revenue.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels5 records

Core offering

Kingsoft develops and sells the WPS Office productivity suite, offering word processing, spreadsheets, and presentations across Windows, macOS, Linux, Android, iOS, and iPad with cloud integration, real-time collaboration, and AI-enhanced capabilities. The company also operates online gaming through subsidiaries (Xishanju, Kingsoft Shiyou) and cloud services through Kingsoft Cloud, with the WPS 365 enterprise platform extending its productivity offering into AI-powered enterprise workflows.

Product overview

Kingsoft is a Hong Kong-listed Chinese software company (KINGSOFT 金山) operating three main business segments: office software and services (WPS Office suite), online gaming (through subsidiary Seasun/Shiyou), and cloud services (Kingsoft Cloud). The flagship office software business centers on the WPS Office productivity suite, which has evolved from a free PC-era word processor into a comprehensive cloud-based platform. The current product portfolio includes WPS AI 4.0 (agentic document workflows), WPS 365 (enterprise platform with Qingzhou AI embedded), WPS Multidimensional Spreadsheet (scenario-native AI for spreadsheets), WPS for Pad (iPad desktop-class application), and the core WPS Office suite. The gaming segment, led by subsidiary Seasun, publishes titles including the recently launched Goose Goose Duck mobile. Kingsoft Cloud provides cloud infrastructure services, with a subsidiary Zhuhai Hengqin Yunxiang Zhisheng Network Technology recently approved to import advanced AI chips. The company leverages AI-driven features across its office products while maintaining its position as China's leading domestic alternative to Microsoft Office, serving over 100 million daily active users.

Differentiator

Problem solved

Functional benefit

Brands

• WPS 365: Enterprise productivity platform with embedded AI capabilities, operates directly inside documents and supports 14 languages with data centers in Germany, Singapore, and Japan
• Qingzhou AI
• WPS

Products and services

• WPS Office Full productivity suite offering word processing, spreadsheet, and presentation capabilities with cross-platform compatibility across Windows, macOS, Linux, Android, and iOS, along with cloud integration, real-time collaboration, and enterprise-grade encryption. Targeted at individual consumers and enterprises.
• WPS 365 Enterprise productivity platform with embedded AI capabilities (Qingzhou AI) operating directly inside documents, supporting 14 languages with data centers in Germany, Singapore, and Japan. Targets large organizations across Asia Pacific, including government agencies and financial institutions.
• WPS AI 4.0 AI-powered office software featuring agentic document workflows with autonomous digital employees capable of handling entire document tasks without human prompting. Positioned as a key product in China's AI software boom.
• WPS Multidimensional Spreadsheet Scenario-native AI spreadsheet product for enterprise office work featuring AI one-click table creation with intention recognition, a field plugin store for enterprise-wide AI capability distribution, and AI-generated scripts with human review to eliminate data hallucinations.
• WPS for Pad Native desktop-level office application for iPad delivering full PC-level productivity features including handling spreadsheets with millions of cells and cross-app data manipulation.
• Goose Goose Duck Mobile Mobile game co-published by Huya and Kingsoft Shiyou, leveraging Huya's live streaming ecosystem for distribution. Targeted at individual gamers in mainland China.

Quantifiable outcome

• 3x improvement in document review times with Qingzhou AI on WPS 365
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Zhuhai Hengqin Yunxiang Zhisheng Network Technology (Kingsoft subsidiary)minorOthers · 14 July 2026Zhuhai Hengqin Yunxiang Zhisheng Network Technology, a Kingsoft subsidiary, received U.S. approval to purchase advanced AI chips (Nvidia H200 and AMD chips) from U.S. companies. This enables Kingsoft to access advanced AI training hardware.
• Huya Inc.coreStrategic or Co-development Partner · 7 January 2026Huya Inc. and Kingsoft Shiyou co-published Goose Goose Duck mobile, which launched in open beta on January 7, 2026 in mainland China. The game recorded over 5 million new registered users within 24 hours, leveraging Huya's streamer resources and integrated live streaming capabilities.
• Kingsoft Cloud (金山云)coreStrategic or Co-development Partner · 18 February 2025Kingsoft and Kingsoft Cloud signed a strategic cooperation agreement to jointly build a new era of enterprise services. Kingsoft Cloud is a cloud computing subsidiary of Kingsoft, and the partnership focuses on enterprise service innovation and cloud-based solutions.
• ShineWing (信永中和)coreStrategic or Co-development Partner · 18 February 2025ShineWing (信永中和), a major accounting and consulting firm, signed a strategic cooperation agreement with Kingsoft Cloud to jointly build a new era of enterprise services, combining Kingsoft's technology with ShineWing's enterprise service capabilities.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Microsoft: Microsoft produces Microsoft Office (Word, Excel, PowerPoint) and Microsoft 365, the global benchmark for office productivity software that WPS Office directly competes against, particularly in the Chinese domestic substitution opportunity.
• Google: Google Workspace (Docs, Sheets, Slides) is a cloud-based office productivity suite competing against WPS Office in international markets and increasingly in enterprise AI-embedded productivity workflows.
• Alibaba: Alibaba operates DingTalk (collaboration) and Aliyun (cloud) which compete with WPS 365 enterprise platform and Kingsoft Cloud, serving similar Chinese enterprise and government productivity buyers.

Direct peers

• ByteDance: ByteDance competes directly with WPS via Doubao (AI agent) and Lark/Feishu (collaboration and productivity), serving overlapping Chinese individual and enterprise customers with AI-native productivity offerings.
• Zoho: Zoho offers a comprehensive office and business productivity suite (Zoho Docs, Sheet, Workplace) directly competing with WPS Office/WPS 365 in the SMB and enterprise productivity market globally.
• Tencent: Tencent offers Tencent Docs, WeCom, and a major gaming business, directly overlapping with WPS Office productivity suite and Kingsoft Shiyou/Xishanju gaming franchises in the Chinese market.

Regional players

• NetEase: NetEase is a major Chinese gaming and online services company, comparable to Kingsoft's gaming segment (Seasun/Xishanju) and a regional competitor in Chinese mobile gaming publishing.

Emerging players

• LibreOffice: LibreOffice is the leading open-source office suite, offering Word/Excel/PowerPoint alternatives comparable to WPS Office in the free/open-source productivity segment.
• iFlytek: iFlytek is a leading Chinese AI/voice technology company with enterprise AI products competing against WPS AI 4.0 and Qingzhou AI for Chinese enterprise voice and document AI use cases.
• OnlyOffice: OnlyOffice is an open-source office productivity suite with strong Microsoft Office format compatibility, competing with WPS Office in the open-source/enterprise collaboration space.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kingsoft