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金山办公(688111.SH):子公司与小米新加坡签署广告服务协议

beijing kingsoft office software, inc (688111.SH): A subsidiary signed an advertising service agreement with Xiaomi Singapore.

Gelonghui Finance ·  Nov 19 11:48

Gelonghui, November 19th | Beijing Kingsoft Office Software, Inc (688111.SH) announced that its wholly-owned subsidiary Beijing Kingsoft Office Software, Inc, Hong Kong has signed an advertising service agreement with Xiaomi Singapore. The agreement stipulates that by providing online advertising services to Xiaomi Singapore through the WPSOffice overseas Android App, the two parties will share all the advertising revenue obtained by Xiaomi Singapore through the WPSOffice overseas Android App. Xiaomi Singapore is expected to pay Beijing Kingsoft Office Software, Inc, Hong Kong approximately 6.97 million US dollars in advertising revenue sharing. Of this amount, the advertising revenue sharing for 2024 is expected to be 2.97 million US dollars, and the estimated advertising revenue sharing for 2025 is around 4 million US dollars (according to the agreed revenue sharing ratio in the advertising service agreement). At the same time, Xiaomi Singapore will provide free pre-installation services of the WPSOffice Android App for Xiaomi Singapore's overseas mobile devices (including all series of smartphones and tablets).

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