Cheetah Mobile

Cheetah Mobile Announces Second Half and Full Year 2023 Unaudited Consolidated Financial Results

Retrieved on: 
Thursday, March 21, 2024
Research, Growth, H.10, RMB, American depositary receipt, AGI, Operating cost, Acquisition, AI, ADS, Cheetah Mobile, Translation, LLM, Advertising, Investment, Marketing, Total, Rare-earth element

BEIJING, March 21, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the second half and full year 2023 ended December 31, 2023.

Key Points: 
  • BEIJING, March 21, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the second half and full year 2023 ended December 31, 2023.
  • Cost of revenues decreased by 8.3% year over year to RMB118.6 million (US$16.7 million) in the second half of 2023.
  • Gross margin was 64.3% in the second half of 2023, compared to 75.5% in the second half of 2022.
  • Non-GAAP gross margin was 64.3% in the second half of 2023, compared to 75.5% in the second half of 2022.

Cheetah Mobile Announces Acquisition of Controlling Stake in Beijing OrionStar

Retrieved on: 
Monday, December 4, 2023
Cheetah Mobile, Brain, Research, 2022 Winter Olympics, NYSE, Acquisition, Transaction, Investment, AGI, Artificial intelligence, PC, AI, Robotics, Environment, LLM, Mobile phone, Automotive industry

BEIJING, Dec. 4, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced that the Company, through two of its wholly-owned subsidiaries, has acquired an aggregate of 35.17% equity interest of Beijing OrionStar Technology Co., Ltd. ("Beijing OrionStar") from certain of the existing shareholders of Beijing OrionStar, including Mr. Sheng Fu, chief executive officer and director of the Company (the "Transaction").

Key Points: 
  • BEIJING, Dec. 4, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced that the Company, through two of its wholly-owned subsidiaries, has acquired an aggregate of 35.17% equity interest of Beijing OrionStar Technology Co., Ltd. ("Beijing OrionStar") from certain of the existing shareholders of Beijing OrionStar, including Mr. Sheng Fu, chief executive officer and director of the Company (the "Transaction").
  • Upon completion of the Transaction, Mr. Sheng Fu ceased to be a direct shareholder of Beijing OrionStar and the Company's equity interest in Beijing OrionStar increased to 72.91%.
  • Founded by Mr. Fu, Beijing OrionStar is a service robot provider headquartered in Beijing with focusing on the research and development of artificial intelligence ("AI").
  • As a result of the foregoing, the acquisition of a controlling stake in and integration of Beijing OrionStar provides Cheetah Mobile with a long-term growth engine in the LLM and AGI eras."

Cheetah Mobile Announces First Half 2023 Unaudited Consolidated Financial Results

Retrieved on: 
Friday, August 18, 2023
Operating cost, Advertising, Cheetah Mobile, Marketing, ADS, H.10, Research, RMB, Federal Reserve Board of Governors, US, Acquisition, Investment, Translation, Average cost, Growth, NYSE, Total, Bank, Rare-earth element, Pharmaceutical industry, Film industry, Health care, Cryptocurrency, AI, Renminbi

BEIJING, Aug. 18, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the first half 2023 ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 18, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the first half 2023 ended June 30, 2023.
  • Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, stated, "In the first half of 2023, Cheetah Mobile's total revenue was RMB337.4 million (USD46.5 million), aligning with our guidance.
  • Mr. Thomas Ren, Cheetah Mobile's Chief Financial Officer, commented, "In the first half of 2023, we continued prudent cost management practices that resulted in a reduction of our non-GAAP operating loss.
  • Net loss attributable to Cheetah Mobile shareholders was RMB277.4 million (US$38.3 million) in the first half of 2023, compared to a net loss attributable to Cheetah Mobile shareholders of RMB72.6 million in the same period of the last year.

FourKites Expands Executive Leadership Team with Bo Tao, Chief Technology Officer, and Manik Mair, SVP Corporate Growth

Retrieved on: 
Thursday, July 27, 2023
Tao, DNA, CDAY, Senior, Association for Corporate Growth, Intelligence, Princeton University, Doctor of Philosophy, Cheetah Mobile, Machine learning, Engineering, Mair, Yoy, Growth, GTM, SVP, Dell Technologies, NYSE, Management, Ceridian, Symantec

CHICAGO, July 27, 2023 (GLOBE NEWSWIRE) -- Leading supply chain visibility provider FourKites today announced it has expanded its leadership team with two seasoned executives: Chief Technology Officer Dr. Bo Tao and Senior Vice President of Corporate Growth Manik Mair.

Key Points: 
  • CHICAGO, July 27, 2023 (GLOBE NEWSWIRE) -- Leading supply chain visibility provider FourKites today announced it has expanded its leadership team with two seasoned executives: Chief Technology Officer Dr. Bo Tao and Senior Vice President of Corporate Growth Manik Mair.
  • Dr. Bo Tao, CTO, will drive product innovation across FourKites’ technology portfolio with a particular focus on artificial intelligence and machine learning, as well as customer-led product growth.
  • Tao is an experienced engineering leader and an industry veteran, having worked in the logistics and software industry for over 20 years.
  • FourKites’ carrier network now totals 530,000+, with nearly 1 million downloads of FourKites’ CarrierLink mobile app.

FourKites Expands Executive Leadership Team with Bo Tao, Chief Technology Officer, and Manik Mair, SVP Corporate Growth

Retrieved on: 
Thursday, July 27, 2023
Software, Technology, Transport, Logistics, Supply Chain Management, Tao, DNA, CDAY, Senior, Association for Corporate Growth, Intelligence, Princeton University, Doctor of Philosophy, Cheetah Mobile, Machine learning, Engineering, Mair, Yoy, Growth, GTM, SVP, Dell Technologies, NYSE, Management, Ceridian, Symantec

Leading supply chain visibility provider FourKites today announces it has expanded its leadership team with two seasoned executives: Chief Technology Officer Dr. Bo Tao and Senior Vice President of Corporate Growth Manik Mair.

Key Points: 
  • Leading supply chain visibility provider FourKites today announces it has expanded its leadership team with two seasoned executives: Chief Technology Officer Dr. Bo Tao and Senior Vice President of Corporate Growth Manik Mair.
  • Dr. Bo Tao, CTO, will drive product innovation across FourKites’ technology portfolio with a particular focus on artificial intelligence and machine learning, as well as customer-led product growth.
  • Tao is an experienced engineering leader and an industry veteran, having worked in the logistics and software industry for over 20 years.
  • FourKites’ carrier network now totals 530,000+, with nearly 1 million downloads of FourKites’ CarrierLink mobile app.

Cheetah Mobile Announces Second Half and Full Year 2022 Unaudited Consolidated Financial Results

Retrieved on: 
Tuesday, April 11, 2023
Operating cost, Advertising, Cheetah Mobile, Marketing, ADS, H.10, Research, RMB, Federal Reserve Board of Governors, US, Acquisition, COVID-19, Investment, Translation, Growth, AI, American depositary receipt, NYSE, Video game, Sales, Pharmaceutical industry, Renewable energy, Natural gas, Bank, Cryptocurrency, Renminbi

BEIJING, April 11, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the second half and full year 2022 ended December 31, 2022.

Key Points: 
  • BEIJING, April 11, 2023 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the second half and full year 2022 ended December 31, 2022.
  • Cost of revenues decreased by 12.5% year over year to RMB129.3 million (US$18.8 million) in the second half of 2022.
  • Gross margin was 75.5% in the second half of 2022, compared to 60.5% in the second half of 2021.
  • Non-GAAP gross margin was 75.5% in the second half of 2022, compared to 60.7% in the second half of 2021.

LiveMe's Newly-Released Slogan Shines the Spotlight on Individuals

Retrieved on: 
Thursday, December 29, 2022
MENA, Student, Uber, Speech, Friends, Samsung Galaxy Store, Cheetah Mobile, Most, Ecology, TPG, Matrix, Dream, Happiness, Video game

Yuki He, LiveMe founder and CEO, made a speech at the ceremony and released a new slogan: My Stage, My Crowd.

Key Points: 
  • Yuki He, LiveMe founder and CEO, made a speech at the ceremony and released a new slogan: My Stage, My Crowd.
  • Yuki explained the new slogan, in LiveMe everyone is extraordinary, everyone is a shining star, and everyone can have their own world.
  • LiveMe provides a stage for everyone to show their talents, and everyone can make new friends, get recognized, and have support from the LiveMe community.
  • In September 2019, LiveMe was deconsolidated from Cheetah Mobile, which no longer holds any controlling power over LiveMe.

LiveMe Creators Win Big at the 2022 LiveMe Annual Award Ceremony in Los Angeles

Retrieved on: 
Thursday, December 29, 2022
MENA, Social media, Partnership, Playlist Live, VIP, Life, Speech, Friends, IHeartRadio, Samsung Galaxy Store, Cheetah Mobile, Most, TPG, Matrix, Spotify, Motivation, Music House Museum, Film, Creative industries, Music, Legend (disambiguation)

LOS ANGELES, Dec. 28, 2022 /PRNewswire/ -- On December 17th, LiveMe held its Annual Ceremony in Los Angeles, CA.

Key Points: 
  • LOS ANGELES, Dec. 28, 2022 /PRNewswire/ -- On December 17th, LiveMe held its Annual Ceremony in Los Angeles, CA.
  • This Annual Award Ceremony has been the biggest offline event by LiveMe since before the pandemic.
  • Six awards were issued to LiveMe users, including Outstanding VIP, Extraordinary Agency, Brilliant Creator, Top Official Creator, and Exclusive Titleholder.
  • In September 2019, LiveMe was deconsolidated from Cheetah Mobile, which no longer holds any controlling power over LiveMe.

Cheetah Mobile Announces Appointment of New Auditor

Retrieved on: 
Monday, December 5, 2022
Disagreement, Audit committee, EY, Cheetah Mobile, Cheetah, Sale, Ernst & Young, NYSE, Form, Commission, Exchange, Annual report, Audit

BEIJING, Dec. 5, 2022 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced the appointment ofMarcum Asia CPAs LLP("Marcum Asia") as its independent registered public accounting firm, effectiveDecember 2, 2022.

Key Points: 
  • BEIJING, Dec. 5, 2022 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced the appointment ofMarcum Asia CPAs LLP("Marcum Asia") as its independent registered public accounting firm, effectiveDecember 2, 2022.
  • The change of the Company's independent auditor was made after a careful and thorough evaluation process and has been approved byCheetah Mobile'sboard of directors and the audit committee (the "Audit Committee").
  • Cheetah Mobile is a leading internet company.
  • Cheetah Mobile is also committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter.

Super Soccer Game is Live on LiveMe During World Cup 2022

Retrieved on: 
Thursday, November 24, 2022
Matrix, Most, World cup, Samsung Galaxy Store, Cheetah Mobile, MENA, Super Soccer, TPG, Video game, Creative industries

LOS ANGELES, Nov. 23, 2022 /PRNewswire/ -- Recently, LiveMe released the Super Soccer Game as part of World Cup celebrations for LiveMe fans.

Key Points: 
  • LOS ANGELES, Nov. 23, 2022 /PRNewswire/ -- Recently, LiveMe released the Super Soccer Game as part of World Cup celebrations for LiveMe fans.
  • Super Soccer is a competitive game with multiplayer real-time communication via a control panel that enables the users to engage in the game.
  • Backed by technology, creators' screens will be superimposed over the real-time image of the game in the live room.
  • Currently, the game has to be an invitation-only for the creator's side by LiveMe, but users can participate in the game anytime when the game is live.