Cheetah Mobile

#8758

Rank

$120.61M

Marketcap

China

Country

Leadership team

Mr. Sheng Fu (Chairman & CEO)

Mr. Jintao Ren (CFO & Director)

Jing Zhu (IR Director)

Products/ Services

Developer Tools, Internet, Mobile, Security, Software

Number of Employees

500 - 1000

Headquarters

Beijing, Beijing, China

Established

2010

Company Registration

SEC CIK number: 0001597835

Revenue

100M - 500M

Traded as

CMCM

Social Media

URL

https://www.cmcm.com

Overview

Location

Recognition and Award

References

Summary

Cheetah Mobile Inc. operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications. In addition, it offers mobile games comprising Piano Tiles 2, Rolling Sky, and Dancing Line; value-added products, such as PC and mobile products, as well as wallpaper, office optimization software, and others; E-Coupon vending robot, a reception and marketing robot; and multi-cloud management platform and overseas advertising agency service. Further, the company provides mobile advertising publisher services; duba.com personal start page that aggregates online resources and provides users access to their online destinations; cloud-based data analytics engines; artificial intelligence and other services; and premium membership services. It serves direct advertisers that include mobile application developers, mobile game developers, and e-commerce companies, as well as search engines and partnering mobile advertising networks. The company was formerly known as Kingsoft Internet Software Holdings Limited and changed its name to Cheetah Mobile Inc. in March 2014. Cheetah Mobile Inc. was incorporated in 2009 and is based in Beijing, the People's Republic of China.

History

Formation

Chen Rui founded Cheetah Mobile. The company was established in 2010 as a merger of Kingsoft Security and Conew Image, and grew to be the second-largest internet security software provider in China, according to iResearch. The company is located at 1st Yaojiayuan South Rd, Chaoyang District, Beijing, China.

Initial public offering

In 2014, Cheetah Mobile launched an IPO selling 13 million American depositary shares at US$14 per share, and thereby raised US$168 million. The IPO was managed by Morgan Stanley, JP Morgan Chase & Co., and Credit Suisse Group. Kingsoft and Tencent are major investors in Cheetah Mobile, holding 54% and 18% respectively.

Post IPO

In the late 2015, Cheetah Mobile announced that it had entered into a global strategic partnership with Yahoo. The company incorporated Yahoo's search and native advertising platforms within its own apps. As a result of this, Cheetah Mobile stated that its revenue generated from Yahoo increased by 30 percent daily within the first two weeks.In February 2016, Cheetah Mobile and Cubot launched the CheetahPhone, an Android 6.0 Marshmallow based smartphone, at MWC in Barcelona, Spain.

Acquisition

On August 2, 2016, Cheetah Mobile announced its acquisition of a French startup News Republic for $57 million. News Republic is a news aggregator.

Ad fraud accusation

In March 2020, Cheetah Mobile was banned from Google Play due to their scheme of ad fraud, resulting in all of their games being removed as part of a 600 app deletion.

Insider trading charges

In September 2022, the U.S. Securities and Exchange Commission charged the company's CEO and former President with insider trading.

Mission

Make the world smarter Cheetah Mobile is dedicated to leveraging AI and big data to bring users the world's best apps

Vision

Cheetah Mobile's vision is to become a world-leading mobile internet company with an innovative and user-friendly portfolio of products and services.

Key Team

Ms. Jie Xiao (Sr. VP & Director)

Mr. Mingyan Sun (Sr. VP)

Mr. Ming Xu (Consultant)

Mr. Jun Lei (Advisor)

Mr. Ka Wai Yeung (External Advisor)

Recognition and Awards

Cheetah Mobile has won numerous awards, including the App Store Best of 2013 award for Clean Master, the 2017 Google Play Award for Best Performance & Most Innovative app, and the 2017 App Store award for Best Design & Engagement for Live.me.