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Chinese app developer Cheetah Mobile throws down gauntlet to mobile advertising platforms

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Fu Sheng, CEO of Cheetah Mobile, speaks at a conference for tech start-ups in Hong Kong last week. Photo: Rise

China’s Cheetah Mobile, known for its popular utility apps like Clean Master and Battery Doctor, is looking to diversify its portfolio and dominate a new market after its recent acquisition of French mobile advertising firm MobPartner.

“Our target is to become one of the top three mobile advertising platforms in the world,” said Fu Sheng, CEO of Cheetah Mobile, at a two-day conference for tech start-ups in Hong Kong late last week.

The grand ambitions of China’s largest mobile utility app developer do not appear to have been thwarted by its ongoing legal battle with chief domestic rival Apus Group, which it is suing for defamation.

Following the US$58 million acquisition of MobPartner in March, Cheetah Mobile launched its global advertising platform, dubbed the Cheetah Ad Platform, in June to help brands engage with audiences using targeted advertising.

Cheetah Mobile went on to invest US$24 million in social media advertising software provider Nanigans in April. The company also bought Hong Kong-based mobile advertising company Zoom Interactive for US$30 million in June.

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