Cheetah Mobile

From Wikipedia, the free encyclopedia
(Redirected from Rolling Sky)
"Dancing Line" redirects here. For the type of dance, see Line dance.
Cheetah Mobile Inc.
Native name
猎豹移动公司
Company typePublic
NYSE: CMCM
IndustryMobile apps, mobile gaming, internet security
Founded2009; 15 years ago (2009)
Headquarters
Beijing
,
China
Key people
Sheng Fu (CEO)
RevenueIncrease US$764.6 million (2017)[1]
Increase US$68.6 million (2017)
Increase US$207.2 million (2017)
Total assetsIncrease US$1.14 Billion (2017)
Number of employees
1,178
ParentKingsoft
Websitewww.cmcm.com

Cheetah Mobile Inc (猎豹移动公司) is a Chinese mobile internet company headquartered in Beijing. As of January 2017, it has more than 634 million monthly active users.[2]

History[edit]

Formation[edit]

Chen Rui (zh:陳睿 current CEO of Bilibili) founded Cheetah Mobile.[3] The company was established in 2010 as a merger of Kingsoft Security (Chen served as General Manager) and Conew Image,[4] and grew to be the second-largest internet security software provider in China, according to iResearch.[5] The company is located at 1st Yaojiayuan South Rd, Chaoyang District, Beijing, China.[citation needed]

Initial public offering[edit]

In 2014, Cheetah Mobile launched an IPO selling 13 million American depositary shares at US$14 per share, and thereby raised US$168 million.[6] The IPO was managed by Morgan Stanley, JP Morgan Chase & Co., and Credit Suisse Group.[7] Kingsoft and Tencent are major investors in Cheetah Mobile, holding 54% and 18% respectively.[8]

Post IPO[edit]

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.[9]

In February 2016, Cheetah Mobile and Cubot launched the CheetahPhone,[10] an Android 6.0 Marshmallow based smartphone, at MWC in Barcelona, Spain.[11]

Acquisition[edit]

On April 1, 2015 Cheetah Mobile successfully acquired acquisition of French mobile advertising firm MobPartner, Values at $58 Million. On August 2, 2016, Cheetah Mobile announced its acquisition of a French startup News Republic for $57 million. News Republic is a news aggregator.[12][13]

Ad fraud[edit]

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.[14]

Insider trading charges[edit]

In September 2022, the U.S. Securities and Exchange Commission charged the company's CEO and former President with insider trading.[15]

Controversies[edit]

It was reported in 2014 that ads promoting Clean Master manipulate Android users with deceptive tactics when browsing websites within the app's advertising framework. In April 2014, Ferenc László Nagy from Sophos Labs captured some pop-up ads that led to Clean Master, warning the device had been infected with a virus.[16]

In July 2014, Cheetah Mobile encouraged users to uninstall Google Chrome and replace it with Cheetah Mobile's own browser during Clean Master's clean up and optimization process. This practice allowed Cheetah Mobile to gain unfair position in the marketplace and led to a Google crackdown.[17]

In December 2018, Cheetah Mobile was implicated in a massive click fraud scheme,[18] leading Google to remove two of its apps from its Play Store.[19] Cheetah Mobile has denied the charges.[19] In February 2020, Google banned nearly 600 apps on the Play Store including all Cheetah Mobile's apps "for violating our disruptive ads policy and disallowed interstitial policy."[20][21]

As of 10 March 2020, all apps made by Cheetah Mobile, along with the benchmarking AnTuTu apps, have been banned from the Google Play Store.[22]

Cheetah Mobile's web browser mobile app, CM Browser, was banned in India on 29 June 2020 in the aftermath of the 2020–2021 China–India skirmishes.[23]

References[edit]

  1. ^ "Cheetah Mobile 2017 Audited Financial Results" (PDF). Cheetah Mobile. 2016-03-15. Archived from the original on 2016-03-24. Retrieved 2015-04-05.
  2. ^ Cheetah Mobile (17 January 2017). "The 10 most powerful Chinese export brands – Page 3 of 11 – Business Insider". Business Insider. Archived from the original on 2 February 2017.
  3. ^ "Management | Bilibili". ir.bilibili.com. Archived from the original on 2020-07-07. Retrieved 2020-07-07.
  4. ^ "Company Information". CMCM. Archived from the original on 2015-04-10. Retrieved 2015-04-05.
  5. ^ "Cheetah Mobile - About us". Cheetah Mobile. Archived from the original on 2015-04-10. Retrieved 2015-04-05.
  6. ^ "Company IPO Overview - Cheetah Mobile Inc. (CMCM) IPO". NASDAQ. NASDAQ OMX Group. Archived from the original on 2015-03-18. Retrieved 2015-04-05.
  7. ^ Picker, Leslie (May 9, 2014). "Cheetah Mobile Gains in Trading Debut after $168 Million IPO". Bloomberg Business. Bloomberg L.P. Archived from the original on May 25, 2015. Retrieved April 5, 2015.
  8. ^ "IPO Preview: Cheetah Mobile". Seeking Alpha. May 7, 2014. Archived from the original on February 5, 2015. Retrieved April 5, 2015.
  9. ^ Yeung, Ken (2015-11-17). "Cheetah Mobile says its Yahoo search and advertising partnership shows early promise". VentureBeat. Archived from the original on 2016-08-19. Retrieved 2015-11-20.
  10. ^ "Phone - Hands On". YouTube (Video). 2016-03-01. Archived from the original on 2016-03-26. Retrieved 2016-03-18.
  11. ^ "Cubot and Cheetah Mobile unveil the CheetahPhone, headed to Europe for €199". GSM Arena. 23 February 2016. Archived from the original on 9 March 2016. Retrieved 18 March 2016.
  12. ^ Dillet, Romain (2016-08-02). "Cheetah Mobile acquires News Republic for $57 million". TechCrunch. Archived from the original on 2016-08-03. Retrieved 2016-08-02.
  13. ^ "Cheetah Mobile to accelerate move into content after News Republic acquisition". South China Morning Post. Archived from the original on 26 August 2016. Retrieved 30 August 2016.
  14. ^ "Google Has Banned Almost 600 Android Apps For Pushing Disruptive Ads". Buzzfeed News. February 20, 2020. Retrieved January 21, 2022.[permanent dead link]
  15. ^ "SEC Charges Cheetah Mobile's CEO and its Former President with Insider Trading". www.sec.gov. September 21, 2022. Retrieved 2022-09-22.
  16. ^ "Google takes aim at deceptive advertising of Play Store apps". Sophos. 4 April 2014. Archived from the original on 2015-04-24. Retrieved 2015-04-30.
  17. ^ "A Potential Impaling Blow To Cheetah Mobile As Flagship Product Removed From Google's App Store Rankings". Seeking Alpha. 31 July 2014. Archived from the original on 2015-04-25. Retrieved 2015-04-30.
  18. ^ Silverman, Craig (2018-11-26). "These Hugely Popular Android Apps Have Been Committing Ad Fraud Behind Users' Backs". BuzzFeed News. Retrieved 2019-05-11.
  19. ^ a b Silverman, Craig (2018-12-03). "Google Removed Two Popular Cheetah Mobile And Kika Tech Apps After An Investigation Sparked By BuzzFeed News". BuzzFeed News. Retrieved 2019-05-11.
  20. ^ "Google Has Banned Almost 600 Apps For Pushing "Disruptive" Ads". BuzzFeed News. 20 February 2020. Retrieved 2020-02-21.
  21. ^ Aycock, Jason (2020-02-20). "Cheetah Mobile -5.9% on report of Google ban". Seeking Alpha. Retrieved 2020-02-21.
  22. ^ "AnTuTu benchmarks apps are no longer available on Google Play Store". GSMArena.com. Retrieved 2020-04-17.
  23. ^ "Government Bans 59 mobile apps which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order". Press Information Bureau, Government of India. 29 June 2020. Retrieved 29 June 2020.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Cheetah_Mobile&oldid=1223928930"