Chinese firm acquired French news aggregator News Republic for $57 million
Cheetah Mobile, a Chinese internet company, has acquired News Republic, a France-headquartered mobile news service operator, for $57 million.
Headquartered in Bordeaux with an office in San Francisco, News Republic publishes 50,000 licensed news articles, photos and videos per day in 37 languages and 40 country editions from 1,650 media partners. By the end of 2015, the app had a user base of 12 million. Cheetah Mobile is a Chinese mobile internet company. It had approximately 651 million global mobile monthly active users in March 2016.
To see a list of investors from China similar to Cheetah Mobile, check the Chinese Investors Directory.
More details follows
August 23, 2016 |
Filed under China Venture Capital
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