Cheetah Mobile and Tencent expand strategic partnership

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Mobile internet company, Cheetah Mobile, has announced the expansion of its strategic cooperation agreement with Tencent Computer Systems Company, a subsidiary of Tencent Holdings, for two years from 1. January 2016 to 31. December 2017.

Cheetah provides mobile ad solutions 

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Source: ad.cmcm.com

As part of the agreement, Cheetah Mobile and Tencent will provide promotional services for each other, as proposed in the table below. The new signing includes annual caps.

Promotional service fees between the two companies

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Source: prnewswire.com

 

Mr. Sheng Fu, CEO, Cheetah Mobile, says:

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“We are delighted to continue our strong partnership with Tencent, one of the world’s leading companies in the Internet and mobile technology space. The demand from advertisers for our mobile advertising services on the GDT ad platform continues to grow, which helps us further extend our advertiser reach and monetization capabilities in the domestic market. Furthermore, by leveraging Tencent’s tremendous user base and traffic from its various products and platforms, we are able to further grow Cheetah’s market share, brand recognition and mobile user base in China, each of which are key components of the Company’s global strategy. Looking forward, we will continue to work closely with our partners, to build one of the best mobile advertising platforms for advertisers globally.”

The two companies originally signed a strategic agreement on 27. December 2013, adding the latest amendment in November 2015.