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China’s Kingsoft back in black on hefty mobile games growth

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Steven Jones
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Kingsoft chairman Lei Jun expects revenue to continue to grow steadily.

Chinese software and internet services company Kingsoft Corp plans to further build up its mobile games portfolio next year after rebounding from a second quarter loss to post record quarterly revenue in the three months ended September 30.

The mobile game segment has started to bring profit contribution to the company, Kingsoft chairman Lei Jun said in a filing to the Hong Kong stock exchange on Monday.

Going forward, we expect our revenue to continue to grow steadily.

Kingsoft s share price reached an intra-day high of HK$17.94 following the firm s earnings report that was released before the start of trading.

Its shares closed at HK$17.76, up 4.59 per cent.

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