BEIJING, March 25, 2015 /PRNewswire/ -- Cheetah Mobile
Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading
mobile Internet company that provides mission critical applications
to help make the Internet and mobile experience speedier, simpler,
and safer for users worldwide, today announced that it has made a
strategic investment in Nanigans, Inc. ("Nanigans") as the lead
investor in Nanigans' US$24 million
Series B financing.
Headquartered in Boston,
Nanigans is a leading worldwide provider of social and mobile
advertising software and a pioneer in advertising automation
software. It currently has offices in New
York, San Francisco,
London, Singapore, and Sydney. Nanigans offers a highly scalable
advertising automation software to power in-house marketing teams.
Its customers run over US$500 million
in annualized ad spend using its software.
Mr. Sheng Fu, chief executive
officer of Cheetah Mobile, stated, "We are pleased to announce this
strategic investment in Nanigans. Nanigans plays an important role
in the social and mobile advertising ecosystem, as evidenced by its
strong customer base and the large amount of ad spend managed using
Nanigans' software. Investing in Nanigans advertising automation
software is a significant step for us as we actively build up our
advertising platform and enhance our capabilities globally. With
this funding by Cheetah Mobile, Nanigans will be able to quickly
expand its social and mobile publisher channels. Cheetah Mobile and
Nanigans have also signed a strategic commercial agreement, and we
look forward to working closely with the Nanigans team to create
the world's first-class tools for advertisers and publishers."
About Cheetah Mobile Inc.
Cheetah Mobile is a leading mobile internet company with
approximately 395.4 million mobile monthly active users in
December 2014. Its mission critical
applications, including Clean Master, CM Security, Battery Doctor
and Duba Anti-virus, help make the internet and mobile experience
speedier, simpler, and safer for users worldwide. Cheetah Mobile is
the publisher of Clean Master, the #1 mobile app in the Google Play
Tools category worldwide by monthly downloads in December 2014, according to App Annie.
The Company also provides various platform products such as
Duba.com, Cheetah browser, game centers, and mobile app stores to
provide multiple user traffic entry points and global content
distribution channels for its business partners.
About Nanigans, Inc.
Nanigans advertising
automation software powers the world's leading in-house performance
marketing teams. Offered as Software-as-a-Service, Nanigans
software features programmatic media buying, predictive revenue
optimization, and real-time business intelligence across today's
most valuable social and mobile channels.
Safe Harbor Statements
This press release contains forward-looking statements.
These statements, including management quotes and business outlook,
constitute forward-looking statements under the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Such statements involve
certain risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in the
forward-looking statements. These forward-looking statements
include, but are not limited to, statements about: Cheetah Mobile's
growth strategies; Cheetah Mobile's ability to retain and increase
its user base and expand its product and service offerings; Cheetah
Mobile's ability to monetize its platform; Cheetah Mobile's future
business development, financial condition and results of
operations; competition from companies in a number of industries
including internet companies that provide online marketing services
and internet value-added services; expected changes in Cheetah
Mobile's revenues and certain cost or expense items; and general
economic and business condition globally and in China. Further information regarding these and
other risks is included in Cheetah Mobile's filings with the U.S.
Securities and Exchange Commission. Cheetah Mobile does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under applicable law.
Investor Relations Contact
Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +8610 6292 7779
Email: IR@CMCM.com
ICR, Inc.
Chenjiazi Zhong
Tel: +1 (646) 417-5395
Email: IR@CMCM.com
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SOURCE Cheetah Mobile, Inc.