Latest news with #CheetahMobile
Yahoo
28-07-2025
- Business
- Yahoo
Cheetah Mobile to Acquire Controlling Stake in UFACTORY to Accelerate Its Robotics Commercialization Strategy
BEIJING, July 28, 2025 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced that one of its majority-owned subsidiaries has signed a definitive agreement to acquire an equity interest of 60.8% in Shenzhen UFACTORY Technology Co., Ltd. ("UFACTORY"), a leading provider of lightweight robotic arms, for a total consideration of approximately RMB99.5 million. Prior to the transaction, another wholly-owned subsidiary of Cheetah Mobile already held 19.2% of UFACTORY's total equity interest. Following the transaction, the two subsidiaries will collectively hold approximately 80.0% of UFACTORY's total equity interest, representing Cheetah Mobile's ultimate beneficial ownership in UFACTORY of approximately 75.8%. The transaction has been approved by the Company's board of directors and audit committee and is expected to close in the third quarter of 2025, subject to customary closing conditions. Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, commented, "We're excited to deepen our investment in UFACTORY, a fast-growing leader in collaborative robotics. With its robust technology stack and lean go-to-market approach, UFACTORY is an ideal partner to support our next stage of growth in AI and robotics. With this acquisition, we're strengthening our product portfolio to help our service robots operate across more physical environments and tasks. This marks a significant step forward in our mission to deliver smarter, more adaptable robotics solutions to global markets." Mr. Thomas Ren, Cheetah Mobile's Director and Chief Financial Officer, commented: "We will fund the acquisition with our cash reserves. As of March 31, 2025, we held over USD230 million in net cash, giving us ample flexibility to pursue strategic investments that have the potential to deliver sustainable shareholder value." About UFACTORY UFACTORY is a leading provider of lightweight collaborative robotic arms - designed to safely work alongside humans in shared environments. Under the brand "UFACTORY xArm", the company is one of the few robotic arm providers generating net profits and substantial revenue from overseas markets, having achieved sustained growth over the past years. Backed by proprietary full-stack robotics technologies, UFACTORY offers a diverse portfolio of five-, six-, and seven-axis robotic arms and robotic accessories. UFACTORY's developer-friendly design makes its robotic arms and accessories highly adaptable across different use cases, empowering customers with flexibility and ease of deployment. UFACTORY has built a loyal, global customer base with increasing revenues from international markets. About Cheetah Mobile Inc. Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has attracted hundreds of millions of users through an array of internet products and services on PCs and mobile devices. At the same time, it actively engages in the independent research and development of AI technologies, including LLM technologies. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as service robots to international clients. Cheetah Mobile is also committed to leveraging its cutting-edge AI technologies, including LLM technologies, to empower its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014. Safe Harbor Statement 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 inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: 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 with 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 Helen Jing ZhuCheetah Mobile +86 10 6292 7779Email: ir@ View original content: SOURCE Cheetah Mobile Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
20-06-2025
- Business
- Yahoo
Cheetah Mobile First Quarter 2025 Earnings: CN¥1.10 loss per share (vs CN¥2.68 loss in 1Q 2024)
Revenue: CN¥259.0m (up 36% from 1Q 2024). Net loss: CN¥33.4m (loss narrowed by 58% from 1Q 2024). CN¥1.10 loss per share (improved from CN¥2.68 loss in 1Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Performance of the American Software industry. The company's shares are up 2.0% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Cheetah Mobile's balance sheet health. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Tatler Asia
27-05-2025
- Business
- Tatler Asia
Are humanoid robots overhyped? Chinese tech leaders weigh in at Beyond Expo 2025
The power of computing in space Above Wang Jiang, founder of Alibaba Cloud, spoke about computing in space at the opening ceremony of the Beyond Expo 2025 (Photo: Beyond Expo) Computing, encompassing the capabilities we often associate with AI, is becoming 'a travelling companion' for humans in space, says Wang Jiang, founder of Alibaba Cloud, the cloud computing arm of Alibaba Group. At its core, computing involves using machines to perform calculations, process information and make decisions. Wang believes these systems will support deeper space exploration, making missions safer, smarter and more efficient. He pointed to the endless possibilities this could unlock—from analysing vast Earth observation data streams to coordinating autonomous satellite fleets. Realising this vision, he emphasised, will require open collaboration across borders, disciplines and infrastructures in the new space era. Read more: Jony Ive and Sam Altman are about to give us 'the coolest piece of technology the world has ever seen' Why humanoid robots aren't ready for prime time Above Lu Gang, co-founder of Beyond Expo, moderated a panel discussion on AI and robotics, featuring Fu Sheng, CEO of Cheetah Mobile and Chiu Chau, co-founder of Opentrons (Photo: Beyond Expo) 'To me, it's a bubble,' said Fu Sheng, CEO of Cheetah Mobile, a Chinese tech company listed in New York, referring to the hype surrounding humanoid robots driven by inflated market expectations and the influence of high-profile figures like Tesla co-founder Elon Musk. Chiu Chau, co-founder of Opentrons, a US-based open-source lab automation firm valued at over US$1 billion, questioned whether mimicking the human form is the right approach. In his view, robot design should prioritise function over form. Although the demonstrations of these robots may be impressive, they noted that the underlying technologies may still be too immature for everyday applications, especially in terms of cost, safety and reliability. Instead of chasing science fiction dreams, they recommended that startups focus on addressing specific problems, where task-oriented robots can provide straightforward real-world value. Read more: From Nvidia's droid to agile humanoids: Meet the next-gen robots shaping the future The convergence of AI and Web3 could unlock huge potential Above Mike Cai, co-founder of the Chinese photo app Meitu, shared his thoughts on why he believes that the convergence of AI and the Web could unlock huge potential (Photo: Beyond Expo) 'You could now build a unicorn by yourself,' said Cai, co-founder of Chinese photo app Meitu, quoting OpenAI CEO Sam Altman. This opportunity, he believed, stems from the combined power of AI and Web3, which aren't just emerging technologies but transformational forces—reshaping how we create, connect and build. One of the most compelling possibilities is the rise of new economic models centred around data. He envisioned an era where information becomes a primary asset—collected, owned, exchanged and analysed in entirely new ways. In this future, AI will serve as the engine that extracts value from data, while Web3 will provide the infrastructure for ownership and transparent exchange. Borders may matter less than access, insight and interoperability, creating a digital economy where individuals and small teams can compete globally. Read more: Move over, Duolingo: these experimental AI tools from Google will change the way we learn languages The art of going global Above A panel consisting of Jason Ho, Liu Jingkang, founder of Insta360; Carl Pei, co-founder and CEO of Nothing; Burt Guo, CEO and chief scientist of Sichuan Aerofugia Technology Development Co Ltd and Chen Zhaopeng, founder of Agile Robots SE (Photo: Beyond Expo) The success of going global demands a deep grasp of local market dynamics—from consumer behaviour and regulations to talent and culture. For many founders, balancing global ambition with local execution or glocalisation is crucial. Carl Pei, founder of consumer electronics brand Nothing, described India as both a challenge and a training ground. 'India is a country where consumer spending power is not very strong but pay great attention to STEM (science, technology, engineering and mathematics). They are very knowledgeable about parameters and cost-effectiveness.' Due to varying policies among markets, the hurdles in highly regulated industries like aviation become steeper. Different sectors also face distinct frictions when expanding. For example, Chen Zhaopeng, the CEO of Agile Robots SE, pointed to Europe's automation gap, the US's shortage of hardware engineers and China's hyper-competitive, cost-pressured environment. Meet more Gen.T Leaders of Tomorrow from the Technology sector. NOW READ How this ex-rock vocalist created an AI to turn you into art New AI threatened to expose engineer's extramarital affair to avoid being replaced Meme coins: serious talk about this cryptocurrency that's built on internet jokes
Yahoo
27-03-2025
- Business
- Yahoo
Cheetah Mobile Inc (CMCM) Q4 2024 Earnings Call Highlights: Robust Revenue Growth and Strategic ...
Total Revenue: Increased by 42% year-over-year and 23% quarter-over-quarter to RMB237 million in Q4. Full-Year Revenue: Increased by 21% to RMB807 million for 2024. Internet Business Revenue: Increased by 49% year-over-year and 19% quarter-over-quarter, accounting for 68% of total revenue. AI and Other Revenues: Increased by 29% year-over-year and 33% quarter-over-quarter. Non-GAAP Gross Profit: Increased by 74% year-over-year and 32% quarter-over-quarter to RMB172 million in Q4. Non-GAAP Gross Margin: Increased to 73% in Q4, from 59% in the same period last year and 68% in the previous quarter. Non-GAAP Operating Loss: Reduced by about RMB18 million quarter-over-quarter and about RMB7 million year-over-year to RMB42 million. Operating Cash Flow: Generated about $39 million in Q4. Net Cash Position: Closed Q4 with about $250 million. Long-term Investments: Approximately $100 million held on the balance sheet. Employee Count: 935 employees as of December 31, 2024, up from 845 in 2023. Warning! GuruFocus has detected 4 Warning Signs with CMCM. Release Date: March 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cheetah Mobile Inc (NYSE:CMCM) reported a robust 42% year-over-year and 23% quarter-over-quarter revenue growth in Q4 2024. The company successfully reduced non-GAAP operating losses quarter-over-quarter, with expectations for further reductions in the first quarter of 2025. Cheetah Mobile Inc (NYSE:CMCM) is experiencing strong growth in its enterprise-facing AI and robotic businesses, alongside its legacy Internet business. The introduction of AgentOS, a next-generation voice interaction system, is expected to expand the company's total addressable market and enhance customer experience. Cheetah Mobile Inc (NYSE:CMCM) achieved significant progress in international markets, becoming the largest service robot provider in Italy and planning to open a European headquarters in Germany. Despite revenue growth, Cheetah Mobile Inc (NYSE:CMCM) still reported non-GAAP net losses attributable to shareholders for the full year 2024. The robotics business, while growing, only contributed about 10% of total revenues, indicating a need for further expansion. The company faces challenges in achieving large-scale commercial application of its robotic products due to the complexity of software and hardware integration. Cheetah Mobile Inc (NYSE:CMCM) acknowledges that the market for service robots in developed regions lags behind China, presenting both an opportunity and a challenge. The company is still in the early stages of building its presence in overseas markets, which requires time and investment in developing channels and recruiting sales personnel. Q: How does Cheetah Mobile plan to integrate AI agents with its robot business, and what impact will this have on commercialization? A: Cheetah Mobile's CEO, Sheng Fu, explained that the integration of AI agents with their robot business is crucial for meeting user expectations and achieving large-scale commercial applications. The company is leveraging its AI and large language models (LLMs) to enhance the intelligent capabilities of its robots. The upcoming release of AgentOS, a robot operating system based on LLMs, aims to elevate the intelligence of their robots, facilitating better user interaction and task completion. Q: With the development of large language models like DeepSeek, is AI ready for large-scale implementation at a lower cost? A: Sheng Fu believes that the emergence of DeepSeek is significant for the AI industry, not just for its low cost but for its top-tier performance. He suggests that AI is ready for large-scale implementation, as the logical capabilities of LLMs have improved, making it feasible for both software and hardware applications to achieve widespread adoption. Q: What is Cheetah Mobile's strategy to maintain a competitive edge in the rapidly expanding market for wheeled robots? A: Sheng Fu stated that Cheetah Mobile aims to focus on intelligence and interaction as key differentiators in the wheeled robot market. The company plans to build a rapid product iteration system to maintain a competitive edge, leveraging its expertise in AI and robotics to enhance user experience and product performance. Q: How does Cheetah Mobile view the impact of AI agents on the existing application ecosystem, and how will they integrate with super apps like WeChat? A: Sheng Fu believes AI agents will significantly impact the existing app ecosystem by replacing traditional apps with more intuitive, natural language-based interactions. The integration with super apps like WeChat will depend on how quickly these platforms adopt AI technologies. He emphasizes that AI agents will become a core framework for enhancing user experience across applications. Q: What are Cheetah Mobile's major achievements in the robot business for 2024, and what are the plans for 2025? A: In 2024, Cheetah Mobile expanded its robot business into overseas markets, witnessing increased demand for service robots. For 2025, the company aims to achieve differentiated competition by focusing on intelligence and interaction, with a goal to become one of the top three robot companies globally within three years. They also plan to have robot revenue account for half of the company's total revenue. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
