Chinese mobile internet firm Cheetah Mobile dips to record low
Chinese mobile internet firm Cheetah Mobile dips to record low
Cheetah Mobile (NYSE: CMCM) stock plunged to a record low of $3.43 on Thursday as investors remained concerned about the Chinese mobile internet firm’s future. The company faces certain challenges in growing revenue in the near-term as well as the plan to increase its investments in artificial intelligence could hurt the profitability in the near-term.
The company’s overseas business has been…
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