Cheetah Mobile Inc. today announced the appointment of Mr. Zhaohui Jeffrey Li as a director of Cheetah Mobile and the resignation of Mr. Zhijian Peng as the director, effective immediately.
Mr. Zhaohui Jeffrey Li currently serves as Managing Partner of Tencent Investment and General Manager of Tencent Mergers & Acquisitions, focusing on Tencent’s global investment and M&A activity in the areas of Interactive Entertainment and Gaming, Social Networking Service, Online-to-Offline and Internet Finance, among other areas. He leads Tencent’s worldwide Gaming industry investment strategy. Mr. Li is also responsible for Tencent’s early stage and growth stage investment strategy in China and multiple countries. In recent years, he launched and led Tencent Investment’s ongoing efforts to penetrate key O2O sectors, including Social Commerce, Automotive, Education, Healthcare, etc. He was responsible for Tencent’s investments in Huayi Brothers, Zhihu, Netmarble Games, Howbuy and many others around the world.
Before joining Tencent, Jeffrey was Investment Principal at Bertelsmann Asia Investment, where he led the investment in BitAuto and Phoenix New Media.
Mr. Sheng Fu, Cheetah Mobile’s Chief Executive Officer, stated, “We warmly welcome Jeffrey to the Board and strongly believe that his knowledge and experience in China’s internet space and global capital markets will make him a valuable addition. We would also like to express our gratitude to Zhijian for his long-time support of our business, and for the valuable contributions he has made to improve our internal management and corporate governance.”
Cheetah Mobile is a leading mobile internet company. The Company aims to provide the best apps for mobile users worldwide, while building a leading global mobile ad platform for advertisers. As of June 2015, Cheetah Mobile had approximately 494 million mobile monthly active users in June 2015. Its mission critical applications, including Clean Master, CM Security, Battery Doctor and Duba Anti-virus, help make the internet and mobile experience speedier, simpler, and safer for users worldwide. Cheetah Mobile is the publisher of Clean Master, the #1 mobile app in the Google Play Tools category worldwide by monthly downloads in June 2015, according to App Annie.
The Company also provides various platform products such as Duba.com, Cheetah browser, game centers, and mobile app stores to provide multiple user traffic entry points and global content distribution channels for its business partners.
Source: Cheetah Mobile
