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Stock impact report

Cheetah Mobile Provides Updates on Google Collaboration

Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares (CMCM) 
Last cheetah mobile inc. american depositary shares, each representing fifty (50) class a ordinary shares earnings: 8/22 05:50 am Check Earnings Report
US:NYSE Investor Relations: ir.cmcm.com
Company Research Source: PR Newswire
BEIJING, Feb. 21, 2020 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced that it has been informed by Google that the Company's Google Play Store, Google AdMob and Google AdManager accounts have been disabled on February 20, 2020, and the associated contracts will be terminated.  Pending the restoration of Google collaboration, the Company expects its ability to attract new users and generate revenue from Google may be materially adversely affected from February 2020. In the first nine months of 2019, Cheetah Mobile generated 22.6% of its total revenues from Google, including revenues from the mobile advertising business and revenues from the purchase and consumption of virtual items by users via Google as a channel. According to Google, the decision was made because some of the Company's apps had not been compliant with Google policies, resulting in certain invalid traff Show less Read more
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