Mainland’s Cheetah Mobile to set up Taiwan subsidiary
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.