Kingsoft Corporation (SEHK: 3888) announced two months ago that it would spin off a business unit for Internet security and other services and list its shares in the U.S. The spinoff has filed with the U.S. Securities and Exchange Commission and is renamed Cheetah Mobile — it was formerly known as “Kingsoft Network” in Chinese and it developed a web browser called Cheetah. (Update: The company would begin trading on the NYSE on May 8th.)

Kingsoft acquired Conew, aka. Keniu, an Internet security and photo editing service provider in 2010 and merged it into its own anti-virus business. Sheng Fu, founder of Conew, was named CEO of the new company whose focus would be security software.

As Fu was known as the right-hand man to Zhou Hongyi, CEO of Qihoo, when they were developing the online security product at Qihoo before the two had a fight and Fu left the company. Qihoo sued Fu alleging the latter used confidential information of the former for developing Conew security product, poached Qihoo employees and competed with it within the restricted period, and publicly made negative comments on Qihoo.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com