Company behind GO Launcher funded $20 million by Chinese software companies

Company behind GO Launcher funded $20 million by Chinese software companies
Sungy Mobile, the developer behind one of the most successful apps in the Google Play Store - GO Launcher, was financed with $20 million by Kingsoft and Qihoo360, two of China's major security and antivirus software developers. Plans for an inital public offering were announced a fortnight ago. When the company goes public, its value is expected to near $300 million. The anticipated sellout might raise between $67 and $77 million thanks to the 7 million US depositary shares (representing 42 million ordinary shares) which are to be sold out for as much as $11.50 a piece.

Sungy Mobile almost doubled its earnings for the first half of 2013 in comparison with the same period last year, with revenue of over $20 million. The company received the larger part of its income thanks to paid extra content for freeware apps like GO Launcher EX and GO Locker. Sungy Mobile is one of the bigger developers of customization apps for Android, with more than 500 million active users.

The company is about a decade old and successfully endured China's shift from feature phones to smart phones while also offered a 3G portal product that was used by more than 30% of the Chinese mobile internet users. The future goals of the company are expansion of its user base, strengthening and enriching its most successful customization applications and pursuing strategic alliances with companies, offering similar products.

Number of users as of September 30, 2013 (million)Average monthly active users Q1 2013 (million)Number of paid downloads as of September 30, 2013 (million)
GO Launcher EX239421.3
GO SMS Pro101190.7
GO Locker102180.4
GO Weather69140.2
All GO series products511932.6

source: Sungy Mobile via TechCrunch

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8 Comments

1. danwatson

Posts: 117; Member since: Jan 03, 2012

I was one of them. Switched to Nova about a year ago...not sure if Go Launcher has improved since then but I do like Nova

2. GeekMovement unregistered

Same boat, used to be crazy about everything Go Launcher/Go Locker had to offer, switched to Nova and couldn't be happier (:

7. RebelwithoutaClue unregistered

Same here :) Only thing I sometimes miss, are those nifty scroll effects in prime. But nova seems faster/smaller. And it irrated a lot you couldnt change icons manually in the drawer of Go Launcher.

3. Cyberchum

Posts: 1011; Member since: Oct 24, 2012

Nova this, nova that. I'm yet to see how it's better than Apex or Holo launchers. If anything, I prefer Holo to them all mainly because Go and Next are memory hog.

4. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

I like Nova and Apex. GEL is nice, but still prefer the first two. Haven't used Holo.

6. GeekMovement unregistered

I hear Apex is good, haven't seen Holo yet, but Nova is def good for a launcher we shouldn't brush it off to the side.

5. Whateverman

Posts: 3295; Member since: May 17, 2009

I think Go Launcher is the best home replacement on Android, but Nova may take its place on my phone. Go is getting a little too annoying with all the constant reminders to update, and try new apps. I can understand them wanting us to try thier new stuff but give us a freakin break.

8. steelew

Posts: 219; Member since: Jun 04, 2012

I like Nova better than APEX but only because I started using Nova after APEX and got used to it. I tried to go back to APEX but the icon spacing is different and I would have to rejigger my wallpaper (shelves) to make it look right. The only thing I miss in APEX is the ability to lock the icons on the home screen from the homescreen menu instead of going into Nova settings...but that's minor so I just hinted to Nova to include that feature.

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