GGV Capital, Morningside Group and Shunwei Invest US$50 Million in Kingsoft Office Software (Asia)

Source: TechCrunch  |  Author: Catherine Shu

Hong Kong-based software development company Kingsoft Office Software has raised US$50 million in new funding from venture capital firms Morningside Group, GGV Capital and Shunwei Capital Partners, structured through Shunwei China Internet Fund. The company, which makes an office suite that competes with Microsoft Office, intends to use the capital injection to support its U.S. operations and expand globally by cementing partnerships with original equipment manufacturers, software developers and service providers.