Cheetah Mobile plans further pivot towards content
Company acquired US-based news aggregator News Republic for US$57 million in August, and more acquisitions planned
Cheetah Mobile, one of China’s leading utility app and mobile games developers, already has more than 600 million users using its utility apps.
And now chief technology officer Charles Fan says he has a target for the same number overseas using its artificial intelligence technology, as it pivots into becoming a content provider too.
Cheetah acquired US-based news aggregator News Republic for US$57 million in August, and Fan said he expects more content acquisitions to follow.
Cheetah’s aim, he said, is to make the internet and mobile experience speedier, simpler, and safer for users.
“We noticed that one of the new user experiences pioneered in China is … apps for intelligent AI-based news aggregations, meaning it collects information from various sources. There isn’t really an equivalent in the US yet,” said Fan, referring to Chinese news aggregation app Jinri Toutiao, which translates to “Today’s Headlines”.
News Republic was originally a subscription-based news aggregator that allowed users to subscribe to news, based on topics and publishers, but Cheetah’s approach is different.