Beijing Kingsoft Office Software (SHA:688111) subsidiary Kingsoft Office Hong Kong is planning to sign an advertisement service agreement with Xiaomi's (HKG:1810) Singapore arm.
Under the $7.0 million transaction, the company will provide online advertising services to Xiaomi Singapore on the WPS Office Overseas android app, with the two parties sharing the revenue obtained through the advertising, according to a Wednesday filing with the Shanghai Stock Exchange.
Shares of the software company rose 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments