Kovurt VPN

Cheetah Mobile’s Live Show Subsidiary Gains USD60 Million Investment

Chinese mobile Internet security company Cheetah Mobile announced that its live show subsidiary Live.me Inc signed a USD60 million fund raising agreement.

Cheetah Mobile currently holds a 90% stake in Live.me.

Investors in this round that closed on April 28, 2017 include Matrix Partners China, Evolution Media China, Gobi Partners, IDG Capital, Welight Capital, and Cheetah Mobile. On the completion of the transaction, Cheetah Mobile will directly hold about 70% shares of Live.me and continue to be the controlling shareholder.

Live.me was launched in the U.S. in April 2016 and is now one of the many social networking products used among American young people. After its U.S. launch, Live.me returned to Asia and is providing services in Taiwan, Japan, and Indonesia.



This content was syndicated with the permission of the copyright owner ChinaTechNews.com. Re-publication or re-syndication of this content without the express written permission of ChinaTechNews.com is illegal. Please contact ChinaTechNews.com if you would like to re-syndicate the content of this page.

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.