Elevator Pitch
I like Hong Kong-listed Kingsoft Corporation Limited (KSFTF) [3888:HK] for its fast-growing cloud services and office software businesses, and the company's plans to spin off its office software business to unlock value.
On the other hand, I am concerned about Kingsoft's weak games business affected by technical issues with the launch of the JX Online III mobile game, and the longer period of time expected for its loss-making cloud services business to achieve profitability with the business segment focused on market share gain over profitability in the near-term. Further impairment losses