Kingdee and Guosen Securities Jointly Set Up RMB1 Billion Fund
- Written by EQS Asia Business News
(EQS-News / 15/09/2015 / 16:22 UTC+8) Press Release(For Immediate Release) Kingdee and Guosen Securities Jointly Set Up RMB1 Billion Fund (14 September 2015, Hong Kong) Kingdee International Software Group Company Limited ("Kingdee" or "the Group", Stock Code: 00268.HK), a leading Enterprise Internet service provider in China, is pleased to announce that the Group has signed an agreement with Guosen Securities Co., Ltd.(Stock Code: 002736.SZ). The two parties will jointly set up a mobile internet industry investment fund of up to RMB1 billion to support the growth of enterprise Internet in China. The two parties will leverage each other's strengths, resources, channel network and expertise in their respective industries and work closely to develop the fund. According to Mr. YANG Jian, Executive Director and CFO of Kingdee, the fund management company will manage up to RMB 1 billion in fund size to boost the development of enterprise Cloud computing, Internet finance and Big Data for mobile Internet companies with solid potential. Mr. YANG Jian added that Kingdee has been a distinguished leader in the enterprise-class Internet industry in recent years. After the partnerships established with industrial giants including JD.com, Amazon, Kingsoft and Taiji, Kingdee established the partnership with Guosen, which is expected to significantly boost the growth of Kingdee's Cloud business. Going forward, Kingdee will mobilize additional capital resources to build an enterprise-class Internet ecosystem and best support the Internet transformation and upgrading of Chinese enterprises. The End About Kingdee International Software Group Corporation Limited Kingdee International Software Group Company Limited ("Kingdee" or the "Group"; Stock Code: 00268.HK) was founded in 1993 and headquartered in Shenzhen, PRC. With "Let Data Create Values" as its mission, "Build the Biggest Enterprise Big Data Cloud in China "as its vision and "Walk on ZHENGDAO (right track) and Walk by WANGDAO (noble way)" as its core values, "User-first, Small, Beauty, Fast" product and service belief, the Group provides software products and Cloud services for over four million corporates, hospitals and government organizations and for over fifty million users worldwide. Kingdee is currently named the leader in the SME ERP market in China for the eleventh consecutive year. For further information about Kingdee International, please visit the Group's website at www.kingdee.com. About Guosen Securities Co., Ltd. Guosen Securities Co., Ltd. is a leading national securities conglomerate in China with full-service licenses and leading innovative capacity in financial products and services. Focusing on "Value Creation to Success", Guosen Securities is the industry leader in the intermediary services for capital markets, OTC services, QFII/RQFII, and asset custody services, serving both institutional and retail investors with integrated financial services. Investor and Media Enquiries:
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Authors: EQS Asia Business News