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November 25, 2013 10:31 pm GMT

Kingsoft Office Raises $50M From Morningside, GGV And Shunwei China Internet Fund

Kingsoft Office SoftwareKingsoft Office Software, which makes an office suite that competes against Microsoft Word, Excel and PowerPoint, has landed $50 million in new funding from Morningside Group, GGV Capital and Shunwei China Internet Fund. The company, which recently incorporated in the U.S. and opened its North American headquarters in Palo Alto, will use its new capital to support its U.S. operations and expand globally by cementing partnerships with OEMs (for mobile preloads), software developers and service providers in the U.S., Latin America, Europe, the Middle East and Africa. Morningside and GGV will join Kingsoft's board of directors to help develop its global strategy.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/36lpFcIkJ6E/

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