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China’s Kingsoft Cloud seals $20m from Russian internet investor Yuri Milner

15 Aug 2013

Chinese software company Kingsoft Cloud Group has sealed a $20m from Russian entrepreneur and venture capital investor Yuri Milner.

Milner previously participated in investments via Mail.ru Group and DST Global in companies such as Facebook, Zynga, Twitter and Spotify. Earlier this year he participated in a $25m investment round for Russian online hotel booking service Ostrovok.ru.

The company is a subsidiary of Kingsoft Group, a internet-based developer, distributor and service provider of entertainment, internet security and application software.

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