Mar. 16, 2011 (China Knowledge) - NetQin Mobile Inc, a mobile-Internet services company in China, plans to sell up to US$100 million of American Depositary Shares on the New York Stock Exchange, sources reported. NetQin Mobile provides mobile Internet services focusing on security, like antivirus protection, and productivity, including filters on unwanted text messages. It also provides personalized cloud services, such as storing mobile users' contact information remotely and making it accessible over the Internet to link calendar activities across related contacts. NetQin Mobile had a 68% share of the mobile security market in China as of the end of 2010, according to a report by a third-party market researcher. The company plans to use the proceeds from the issue in technology, infrastructure and research and development and business expansion.
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