Cheetah Mobile, Tencent Continue To Expand Strategic Cooperation Agreement

(RTTNews) - Cheetah Mobile Inc. (CMCM) said it has entered into a new strategic cooperation agreement with Shenzhen Tencent Computer Systems Company Limited, a subsidiary of Tencent Holdings Limited, for the two-year period from January 1, 2016 until December 31, 2017.

As per the new agreement, Cheetah Mobile and Tencent will continue to provide promotion services for each other.

For the 11 months ended November 30, 2015, total revenue from Tencent to Cheetah Mobile for provision of promotion was 272.5 million yuan. This expected to be 495 million yuan for 2016, and 587 million yuan for 2017.