Main­land’s Chee­tah Mo­bile to set up Tai­wan sub­sidiary

The China Post - - LOCAL -

Bei­jing-based mo­bile soft­ware maker Chee­tah Mo­bile Inc. (

) is to set up a branch com­pany in Tai­wan to pro­duce in­tel­li­gent hard­ware and home elec­tron­ics, Chee­tah CEO Fu Sheng ( ) said Tues­day.

The planned sub­sidiary will seek to form co­op­er­a­tive links with Tai­wanese hard­ware and soft­ware pro­duc­ers, Fu told re­porters be­fore a speech at Na­tional Tai­wan Uni­ver­sity, his first in Tai­wan. He praised Tai­wan as hav­ing a lot of ex­cel­lent tal­ent in the field of hard­ware pro­duc­tion.

David Wu, gen­eral manager of Taipei-based Leop­ard Mo­bile, which is Chee­tah Mo­bile’s Tai­wanese part­ner, con­firmed that the new com­pany estab­lish­ment ap­pli­ca­tion has been de­liv­ered to the rel­e­vant au­thor­i­ties for ap­proval.

Listed on the New York Stock Ex­change, Chee­tah Mo­bile is the world’s largest de­vel­oper of mo­bile util­ity ap­pli­ca­tions, with more than 400 mil­lion ac­tive users glob­ally. Its prod­ucts in­clude Clean Mas­ter, CM Se­cu­rity, Bat­ter Doc­tor and Pho­toGrid.

In Tues­day’s speech, Fu said the In­ter­net al­lows for an in­cred­i­ble num­ber of busi­ness op­por­tu­ni­ties, which has al­lowed his com­pany to gen­er­ate 100 per­cent rev­enue growth year-on-year.

This year, the com­pany is ex­pected to con­tinue to grow and there­fore needs more new blood, he said. There is no limit on the re­cruit­ment of new tal­ent this year, he added.

The suc­cess­ful Chi­nese en­tre­pre­neur also en­cour­aged tal­ented young Tai­wanese peo­ple to start busi­nesses of their own.

The era of the In­ter­net of Things (IoT) will be the best time for young peo­ple who are in­no­va­tive and ad­ven­tur­ous to get rid of the old-fash­ioned mind­set of com­pe­ti­tion and cre­ate their star­tups in new ter­ri­to­ries, Fu said.

The speech, ti­tled “How Young Peo­ple Can Change the World with Star­tups,” drew an au­di­ence of more than 1,000 fas­ci­nated peo­ple.

Chee­tah Mo­bile an­nounced in Jan­uary that it will set up a NT$100 mil­lion (US$3.15 mil­lion) fund in Tai­wan to sup­port star­tups re­lated to the In­ter­net and mo­bile net­works. It has also de­ployed a “dream squad of Fu Sheng” in Tai­wan to se­lect the best startup ideas pro­posed by Tai­wan’s in­tel­li­gent young peo­ple.

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