Technology

Cheetah Mobile Announces Second Quarter 2026 Unaudited Consolidated Financial Results

Published

1 hour ago

September 11, 2026

Services of cloud and AI infrastructure revenue increased 83.1% year over year and 26.2% quarter over quarter, accounting for 72.8% of Global Enterprise Services revenue and 22.2% of total revenues and making a positive contribution to the adjusted operating results of Global Enterprise Services.Robotics and others revenue increased 72.5% year over year and 6.4% quarter over quarter, accounting for 20.5% of total revenues.

BEIJING, Sept. 10, 2026 /PRNewswire/ — Cheetah Mobile Inc. (“Cheetah Mobile” or the “Company”) (NYSE: CMCM), a China-based IT company with a commitment to AI innovation, today announced its unaudited consolidated financial results for the quarter ended June 30, 2026.

Financial Highlights

Total revenues were RMB266.1 million (US$39.2 million) in the second quarter of 2026, representing a decrease of 9.9% year over year and an increase of 2.7% quarter over quarter.Advertising agency services revenue, which is included in the Global Enterprise Services segment, decreased 70.0% year over year and 15.0% quarter over quarter to RMB22.0 million, primarily due to changes in rebate policies implemented by a major global advertising platform. Its contribution to total revenues declined to 8.3% from 24.9% in the same period last year. Revenues excluding advertising agency services were RMB244.1 million, increasing approximately 10.1% year over year and 4.7% quarter over quarter. The decline in advertising agency services revenue was a significant factor in the year-over-year increase in the Company’s operating loss in the second quarter of 2026. In the Global Enterprise Services segment, revenues from services of cloud and AI infrastructure increased 83.1% year over year and 26.2% quarter over quarter to RMB59.1 million, accounting for 72.8% of Global Enterprise Services revenue and 22.2% of total revenues, compared with approximately 10.9% of total revenues in the same period last year. The increase was driven by growing demand from enterprises expanding overseas for cloud resources, computing power and AI model services.Robotics and others revenue increased 72.5% year over year and 6.4% quarter over quarter to RMB54.5 million, accounting for 20.5% of total revenues, driven by an increase in sales volume of our robotic products. The year-over-year increase benefited from the contribution of UFACTORY, a provider of lightweight robotic arms acquired by the Company on July 29, 2025.Internet value-added services revenue, which is included in the Internet Services segment, increased 6.7% year over year and 2.9% quarter over quarter to RMB101.2 million, accounting for 77.6% of segment revenue, and 38.0% of total revenues, due to increase in user base and distribution channels.

Balance Sheet

As of June 30, 2026, the Company had RMB1,271.0 million (US$187.3 million) in cash and cash equivalents.

Management Commentary

Fu Sheng, Chief Executive Officer of Cheetah Mobile, commented: “During the second quarter, we continued to evolve our business mix, with revenue from services of cloud and AI infrastructure within Global Enterprise Services growing 83.1% year over year, driven by demand from enterprises expanding overseas for cloud and AI infrastructure services, accounting for 22.2% total revenues in the quarter. Gross billings[1] from services of cloud and AI infrastructure exceeded RMB500 million during the quarter, compared with about RMB200 million in the same period last year and about RMB300 million in the previous quarter, reflecting the rapid expansion of customer demand and business scale. Robotics and others revenue increased 72.5% year over year and accounted for 20.5% of total revenues in the quarter, with new initiatives such as smart mobility beginning to contribute revenue. The growth of these AI-related businesses underscores the progress of our AI-driven transformation.

Internet Services remained a stable foundation for our business. Internet value-added services revenue increased both year over year and sequentially and represented 77.6% of segment revenue. While advertising agency services revenue within Global Enterprise Services remained under pressure, growth in services of cloud and AI infrastructure and Robotics and others supported the Company’s return to sequential revenue growth while strengthening our foundation for future growth.”

[1] Gross billings from services of cloud and AI infrastructure is an operating metric representing the aggregate monetary value of customers’ consumption of public cloud resources and AI model tokens provided or arranged by the Company during the relevant period.

Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: “Second-quarter revenue increased 2.7% sequentially. Operating loss was RMB33.6 million, compared with RMB28.3 million in the previous quarter, while non-GAAP operating loss remained relatively stable at RMB25.6 million, compared with RMB22.5 million in the previous quarter.

The sequential movement in non-GAAP operating loss reflected higher adjusted operating profit in Internet Services, offset by lower adjusted operating profit in Global Enterprise Services resulting from lower advertising agency services revenue, as well as a wider adjusted operating loss in Robotics and others. Adjusted operating profit from Internet Services increased 14.2% year over year and 67.2% sequentially, with adjusted operating margin improving to 19.4%. Services of cloud and AI infrastructure continued to scale rapidly. However, the growth of cloud and AI infrastructure services partially offset the negative impact of lower advertising agency services revenue on the segment’s adjusted operating profit. We ended the quarter with US$187.3 million in cash and cash equivalents, providing us with the flexibility to invest prudently in our AI and robotics businesses.”

Second Quarter 2026 Financial Results

Total revenues decreased 9.9% year over year and increased 2.7% quarter over quarter to RMB266.1 million (US$39.2 million).

Internet Services revenue decreased 17.3% year over year and 3.4% quarter over quarter to RMB130.5 million (US$19.2 million).Within the segment, internet value-added services revenue increased 6.7% year over year and 2.9% quarter over quarter to RMB101.2 million, accounting for 77.6% of segment revenue.Online advertising revenue decreased 53.5% year over year and 20.2% quarter over quarter to RMB29.3 million, accounting for 22.4% of segment revenue.Global Enterprise Services revenue decreased 23.3% year over year and increased 11.5% quarter over quarter to RMB81.1 million (US$12.0 million).Services of cloud and AI infrastructure revenue, which is included in this segment, increased 83.1% year over year and 26.2% quarter over quarter to RMB59.1 million, accounting for 72.8% of segment revenue.Advertising agency services revenue decreased 70.0% year over year and 15.0% quarter over quarter to RMB22.0 million, accounting for 27.2% of segment revenue.Robotics and others revenue increased 72.5% year over year and 6.4% quarter over quarter to RMB54.5 million (US$8.0 million).

Operating loss was RMB33.6 million (US$5.0 million), compared with RMB11.1 million in the same period last year and RMB28.3 million in the first quarter of 2026.

Non-GAAP operating loss was RMB25.6 million (US$3.8 million), compared with RMB2.1 million in the same period last year and RMB22.5 million in the first quarter of 2026. The year-over-year increase primarily reflected lower advertising agency services revenue within the Global Enterprise Services segment.

Adjusted operating profit from Internet Services was RMB25.4 million, increasing by 14.2% year over year and 67.2% quarter over quarter. Adjusted operating margin for the segment expanded to 19.4%, compared with 14.1% in the same period last year and 11.3% in the first quarter of 2026.

Adjusted operating profit from Global Enterprise Services was RMB9.3 million, decreasing by 80.7% year over year and 32.0% quarter over quarter, primarily reflecting lower advertising agency services revenue. The continued strong growth of services of cloud and AI infrastructure provided a positive contribution to the segment’s adjusted operating results.

Adjusted operating loss from Robotics and others was RMB34.0 million, narrowing by 35.5% from RMB52.7 million in the same period last year, but widening from RMB26.9 million in the first quarter of 2026, as the Company continued to invest in the development and commercialization of its robotics businesses.

Conference Call Information

Cheetah Mobile’s management will hold an earnings conference call at 11:30 AM on Friday, September 11, 2026, Beijing Time (11:30 PM on Thursday, September 10, 2026, U.S. Eastern Time).

Main Conference:
Tencent Meeting ID: 175-882-665

Meeting Link: https://cmcm.meeting.tencent.com/dm/3QuXIZPgSezq

Dial-in Numbers:
United States: +1 4153389272
Mainland China: +86 (0)755 36550000
Hong Kong: +852 30088359

English Interpretation:
Tencent Meeting ID: 845-329-676

Meeting Link: https://cmcm.meeting.tencent.com/dm/t07drnN5B7fM

Dial-in Numbers:
United States: +1 4153389272
Mainland China: +86 (0)755 36550000
Hong Kong Toll Free: +852 30088359

Exchange Rate

Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at a rate of RMB6.7851 to US$1.00, the exchange rate in effect as of June 30, 2026, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate.

About Cheetah Mobile Inc.

Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has developed and launched a diversified suite of software products for PCs and mobile devices, designed to address users’ needs in document processing, system optimization, image editing and web browsing, AI agent products, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, services of cloud and AI infrastructure to companies globally, as well as robotic products to international clients. At the same time, it actively engages in research and development of advanced technologies to empower its products and services. Cheetah Mobile has been listed on the New York Stock Exchange since May 2014.

Safe Harbor Statement

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including the Company’s growth strategies, ability to retain and increase its user base, expand its offerings, monetize its platform, and future business development, financial condition and results of operations; competition; expected changes in revenues and expenses; and general economic and business conditions globally and in China. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required by law.

Use of Non-GAAP Financial Measures

This release contains non-GAAP financial measures, including but not limited to:

Non-GAAP cost of revenues excludes share-based compensation expenses;Non-GAAP gross profit excludes share-based compensation expenses;Non-GAAP gross margin excludes share-based compensation expenses;Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP selling and marketing expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP general and administrative expenses exclude share-based compensation expenses;Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions.

The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business, as well as impairment of goodwill and intangible assets resulting from business acquisitions. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results”.

Investor Relations Contact

Helen Jing Zhu
Cheetah Mobile Inc.
Tel: +86 13811591550
Email: ir@cmcm.com

CHEETAH MOBILE INC.

Condensed Consolidated Balance Sheets

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

As of

December 31, 2025

June 30, 2026

RMB

USD

ASSETS

Current assets:

Cash and cash equivalents

1,506,625

1,270,969

187,318

Short-term investments

9,527

445

Accounts receivable, net

468,058

689,708

101,650

Prepayments and other current assets, net

1,154,774

1,170,431

172,498

Due from related parties, net

94,821

134,754

19,860

Total current assets

3,233,805

3,266,307

481,392

Non-current assets:

Property and equipment, net

40,238

40,730

6,003

Operating lease right-of-use assets

16,833

17,828

2,628

Intangible assets, net

54,069

48,191

7,102

Goodwill

460,034

67,801

Long-term investments

688,459

600,054

88,437

Deferred tax assets

112,913

117,674

17,343

Other non-current assets

77,521

89,403

13,176

Total non-current assets

1,450,067

1,373,914

202,490

Total assets

4,683,872

4,640,221

683,882

LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY

Current liabilities:

Bank Loans

–

2,900

427

Accounts payable

211,689

413,198

60,898

Accrued expenses and other current liabilities

2,264,659

2,163,995

318,933

Due to related parties

18,613

25,199

3,714

Income tax payable

54,430

56,356

8,306

Total current liabilities

2,549,391

2,661,648

392,278

Non-current liabilities:

Deferred tax liabilities

21,711

20,555

3,029

Other non-current liabilities

154,422

155,175

22,870

Total non-current liabilities

176,133

175,730

25,899

Total liabilities

2,725,524

2,837,378

418,177

Mezzanine equity:

Redeemable noncontrolling interests

197,560

200,903

29,609

Shareholders’ equity:

Ordinary shares

254

257

Additional paid-in capital

2,736,117

2,739,942

403,817

Accumulated deficit

(1,490,947)

(1,603,338)

(236,303)

Accumulated other comprehensive income

362,245

297,692

43,874

Total Cheetah Mobile Inc. shareholders’ equity

1,607,669

1,434,553

211,426

Noncontrolling interests

153,119

167,387

24,670

Total shareholders’ equity

1,760,788

1,601,940

236,096

Total liabilities, mezzanine equity and shareholders’ equity

4,683,872

4,640,221

683,882

CHEETAH MOBILE INC.

Condensed Consolidated Statements of Comprehensive Loss

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share(or ADS) data)

For The Three Months Ended

For The Six Months Ended

June 30, 2025

June 30, 2026

June 30, 2025

June 30, 2026

RMB

USD

RMB

USD

Revenues

295,218

266,115

39,220

554,224

525,108

77,391

Internet Services

157,837

130,474

19,229

316,978

265,479

39,127

Global Enterprise Services

105,788

81,134

11,958

187,085

153,884

22,680

Robotics and others

31,593

54,507

8,033

50,161

105,745

15,584

Cost of revenues (a)

(70,426)

(97,490)

(14,368)

(139,931)

(189,921)

(27,991)

Gross profit

224,792

168,625

24,852

414,293

335,187

49,400

Operating income and expenses:

Research and development (a)

(67,083)

(58,764)

(8,661)

(128,327)

(116,486)

(17,168)

Selling and marketing (a)

(102,434)

(74,654)

(11,003)

(207,272)

(146,368)

(21,572)

General and administrative (a)

(66,627)

(68,735)

(10,130)

(119,251)

(134,871)

(19,878)

Other operating income/(expense)

289

(67)

(10)

2,959

655

Total operating income and expenses

(235,855)

(202,220)

(29,804)

(451,891)

(397,070)

(58,521)

Operating loss

(11,063)

(33,595)

(4,952)

(37,598)

(61,883)

(9,121)

Other income/(expenses):

Interest income, net

9,980

3,201

472

15,585

6,623

976

Foreign exchange gains

6,349

20,764

3,060

7,999

40,016

5,898

Other expense, net

(17,844)

(68,707)

(10,126)

(21,853)

(67,386)

(9,931)

Loss before income taxes

(12,578)

(78,337)

(11,546)

(35,867)

(82,630)

(12,178)

Income tax expenses

(3,865)

(8,199)

(1,208)

(8,685)

(15,822)

(2,332)

Net loss

(16,443)

(86,536)

(12,754)

(44,552)

(98,452)

(14,510)

Less: net income attributable to noncontrolling
interests

6,200

8,375

1,234

11,448

13,939

2,054

Net loss attributable to Cheetah Mobile
shareholders

(22,643)

(94,911)

(13,988)

(56,000)

(112,391)

(16,564)

Net loss per share

Basic

(0.0162)

(0.0619)

(0.0091)

(0.0397)

(0.0745)

(0.0110)

Diluted

(0.0163)

(0.0620)

(0.0091)

(0.0398)

(0.0747)

(0.0110)

Net loss per ADS

Basic

(0.8116)

(3.0927)

(0.4550)

(1.9861)

(3.7245)

(0.5500)

Diluted

(0.8152)

(3.1003)

(0.4550)

(1.9923)

(3.7337)

(0.5500)

Weighted average number of shares
outstanding

Basic

1,518,381,903

1,553,878,937

1,517,084,516

1,552,927,613

Diluted

1,518,381,903

1,553,878,937

1,517,084,516

1,552,927,613

Weighted average number of ADSs
outstanding

Basic

30,367,638

31,077,579

30,341,690

31,058,552

Diluted

30,367,638

31,077,579

30,341,690

31,058,552

Other comprehensive loss , net of tax of nil

Foreign currency translation adjustments

(7,643)

(31,282)

(4,610)

(7,915)

(62,442)

(9,203)

Unrealized gains/(loss) on available-for-sale
securities, net

188

(4,348)

(641)

2,848

(3,763)

(555)

Other comprehensive loss

(7,455)

(35,630)

(5,251)

(5,067)

(66,205)

(9,758)

Total comprehensive loss

(23,898)

(122,166)

(18,005)

(49,619)

(164,657)

(24,268)

Less: Total comprehensive income
attributable to
noncontrolling interests

7,113

7,556

1,114

13,775

12,287

1,811

Total comprehensive loss attributable
to Cheetah Mobile shareholders

(31,011)

(129,722)

(19,119)

(63,394)

(176,944)

(26,079)

For The Three Months Ended

For The Six Months Ended

June 30, 2025

June 30, 2026

June 30, 2025

June 30, 2026

(a) Share-based compensation expenses

RMB

USD

RMB

USD

Cost of revenues

–

Research and development

1,197

176

358

2,129

314

Selling and marketing

229

521

300

1,026

151

General and administrative

2,065

3,953

583

7,277

5,997

884

Total

2,361

5,671

836

7,945

9,152

1,349

CHEETAH MOBILE INC.

Reconciliation of GAAP and Non-GAAP Results

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for per share data )

For The Three Months Ended June 30, 2026

For The Six Months Ended June 30, 2026

GAAP

Share-based

Amortization of

Non-GAAP

GAAP

Share-based

Amortization of

Non-GAAP

Result

Compensation

intangible assets*

Result

Compensation

intangible assets*

Result

RMB

USD

RMB

USD

Revenues

266,115

–

266,115

39,220

525,108

–

525,108

77,391

Cost of revenues

(97,490)

–

(97,490)

(14,368)

(189,921)

–

(189,921)

(27,991)

Gross profit

168,625

–

168,625

24,852

335,187

–

335,187

49,400

Research and development

(58,764)

1,197

232

(57,335)

(8,451)

(116,486)

2,129

463

(113,894)

(16,786)

Selling and marketing

(74,654)

521

2,071

(72,062)

(10,621)

(146,368)

1,026

4,141

(141,201)

(20,811)

General and administrative

(68,735)

3,953

–

(64,782)

(9,547)

(134,871)

5,997

–

(128,874)

(18,994)

Other operating (expense)/income, net

(67)

–

(67)

(10)

655

–

655

Total operating income and expenses

(202,220)

5,671

2,303

(194,246)

(28,629)

(397,070)

9,152

4,604

(383,314)

(56,494)

Operating loss

(33,595)

5,671

2,303

(25,621)

(3,777)

(61,883)

9,152

4,604

(48,127)

(7,094)

Net loss attributable to Cheetah Mobile
shareholders

(94,911)

5,671

2,303

(86,937)

(12,813)

(112,391)

9,152

4,604

(98,635)

(14,537)

Diluted losses per ordinary share (RMB)

(0.0620)

0.0036

0.0015

(0.0569)

(0.0747)

0.0059

0.0030

(0.0658)

Diluted losses per ADS (RMB)

(3.1003)

0.1800

0.0753

(2.8450)

(3.7337)

0.2950

0.1487

(3.2900)

Diluted losses per ADS (USD)

(0.4550)

0.0265

0.0111

(0.4193)

(0.5500)

0.0435

0.0219

(0.4849)

For The Three Months Ended June 30, 2025

For The Six Months Ended June 30, 2025

GAAP

Share-based

Amortization of

Non-GAAP

GAAP

Share-based

Amortization of

Non-GAAP

Result

Compensation

intangible assets*

Result

Compensation

intangible assets*

Result

RMB

Revenues

295,218

–

295,218

554,224

–

554,224

Cost of revenues

(70,426)

–

(70,421)

(139,931)

–

(139,921)

Gross profit

224,792

–

224,797

414,293

–

414,303

Research and development

(67,083)

6,156

(60,865)

(128,327)

358

12,312

(115,657)

Selling and marketing

(102,434)

229

469

(101,736)

(207,272)

300

938

(206,034)

General and administrative

(66,627)

2,065

–

(64,562)

(119,251)

7,277

–

(111,974)

Other operating income, net

289

–

289

2,959

–

2,959

Total operating income and expenses

(235,855)

2,356

6,625

(226,874)

(451,891)

7,935

13,250

(430,706)

Operating loss

(11,063)

2,361

6,625

(2,077)

(37,598)

7,945

13,250

(16,403)

Net loss attributable to Cheetah Mobile
shareholders

(22,643)

2,361

6,625

(13,657)

(56,000)

7,945

13,250

(34,805)

Diluted losses per ordinary share (RMB)

(0.0163)

0.0016

0.0043

(0.0104)

(0.0398)

0.0052

0.0086

(0.0260)

Diluted losses per ADS (RMB)

(0.8152)

0.0800

0.2152

(0.5200)

(1.9923)

0.2600

0.4323

(1.3000)

* This represents amortization of intangible assets resulting from business acquisitions.

CHEETAH MOBILE INC.

Information about Segment

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for percentage)

For The Three Months Ended June 30, 2026

For The Six Months Ended June 30, 2026

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

RMB

USD

RMB

USD

Revenues from external customers

130,474

81,134

54,507

266,115

39,220

265,479

153,884

105,745

525,108

77,391

Inter-segment revenues

347

13,324

–

13,671

2,015

347

24,454

–

24,801

3,655

Segment revenue

130,821

94,458

54,507

279,786

41,235

265,826

178,338

105,745

549,909

81,046

Elimination of inter-segment revenue

(13,671)

(2,015)

(24,801)

(3,655)

Consolidated Revenues

266,115

39,220

525,108

77,391

Operating Costs and expenses

Cost of revenues(i)

31,081

40,373

36,616

60,238

84,313

63,074

Selling and marketing(i)

33,373

17,727

19,038

73,022

26,907

38,785

Research and development(i)

29,325

1,050

28,640

58,317

1,428

55,782

Other segment items(i)

11,641

25,959

4,174

33,652

42,588

8,935

Adjusted operating income/(losses)

25,401

9,349

(33,961)

789

116

40,597

23,102

(60,831)

2,868

423

Unallocated amounts-share based compensations

5,671

836

9,152

1,349

Unallocated amounts-corporate expense

28,713

4,232

55,599

8,195

Operating loss

(33,595)

(4,952)

(61,883)

(9,121)

Reconciliation of segment profit/(loss)

Interest income, net

3,201

472

6,623

976

Foreign exchange gains, net

20,764

3,060

40,016

5,898

Other expense, net

(68,707)

(10,126)

(67,386)

(9,931)

Loss before income taxes

(78,337)

(11,546)

(82,630)

(12,178)

For The Three Months Ended June 30, 2025

For The Six Months Ended June 30, 2025

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

RMB

Revenues from external
customers

157,837

105,788

31,593

295,218

316,978

187,085

50,161

554,224

Inter-segment revenues

–

8,982

–

8,982

–

17,503

–

17,503

Segment revenue

157,837

114,770

31,593

304,200

316,978

204,588

50,161

571,727

Elimination of inter-segment
revenue

(8,982)

(17,503)

Consolidated Revenues

295,218

554,224

Operating Costs and
expenses

Cost of revenues(i)

26,315

29,119

22,046

49,307

57,436

46,532

Selling and marketing(i)

62,119

19,501

17,843

129,615

34,283

37,874

Research and development(i)

33,409

1,911

31,752

66,252

3,170

58,131

Other segment items(i)

13,744

15,841

12,626

24,947

19,238

22,971

Adjusted operating income/(losses)

22,250

48,398

(52,674)

17,974

46,857

90,461

(115,347)

21,971

Unallocated amounts-share
based compensations

2,361

7,945

Unallocated amounts-
corporate expense

26,676

51,624

Operating loss

(11,063)

(37,598)

Reconciliation of segment
profit/(loss)

Interest income, net

9,980

15,585

Foreign exchange gains, net

6,349

7,999

Other expense, net

(17,844)

(21,853)

Loss before income taxes

(12,578)

(35,867)

(i) Share-based compensations and certain corporate expenses were not allocated to segments. Other segment items include general and administrative expenses and other operating expenses allocated to the respective segments.

CHEETAH MOBILE INC.

Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP)

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

For The Three Months Ended

For The Six Months Ended

June 30, 2025

June 30, 2026

June 30, 2025

June 30, 2026

RMB

USD

RMB

USD

Net loss attributable to Cheetah Mobile
shareholders

(22,643)

(94,911)

(13,988)

(56,000)

(112,391)

(16,564)

Add:

Income tax expenses

3,865

8,199

1,208

8,685

15,822

2,332

Interest income, net

(9,980)

(3,201)

(472)

(15,585)

(6,623)

(976)

Depreciation and other amortization

10,757

6,969

1,027

20,539

13,433

1,980

Net income attributable to noncontrolling
interests

6,200

8,375

1,234

11,448

13,939

2,054

Other expense, net

11,495

47,943

7,066

13,854

27,370

4,033

Share-based compensation

2,361

5,671

836

7,945

9,152

1,349

Adjusted EBITDA

2,055

(20,955)

(3,089)

(9,114)

(39,298)

(5,792)

View original content:https://www.prnewswire.com/news-releases/cheetah-mobile-announces-second-quarter-2026-unaudited-consolidated-financial-results-302875945.html

SOURCE Cheetah Mobile

Technology

“BOCHK Green Forum 2026 & Sharing Workshop on Good Practices of Green Finance in Southeast Asia” Promotes Cross-border Collaboration to Advance Regional Green Transition

Published

23 minutes ago

September 11, 2026

HONG KONG, Sept. 11, 2026 /PRNewswire/ — On September 8, Bank of China (Hong Kong) (“BOCHK”) and World Wide Fund for Nature (“WWF”) jointly organised the “BOCHK Green Forum 2026 & Sharing Workshop on Good Practices of Green Finance in Southeast Asia”. Themed “Together for Green: Empowering Corporates and Individuals across Hong Kong and Southeast Asia”, this flagship event of Hong Kong Green Week 2026 attracted over 200 policymakers, representatives of international organisations, experts, scholars and industry leaders from across the Asia-Pacific region to exchange insights on green finance innovation, low-carbon transition and sustainable development, and explore innovative practices in green finance. The forum also provided a practical and efficient platform for green finance cooperation among the Chinese Mainland, Hong Kong and Southeast Asia, promoting cross-border collaboration and experience sharing to accelerate the region’s green transition.

The forum commenced with welcome remarks by Wang Huabin, Deputy Chief Executive of BOCHK, followed by keynote speeches by Li Xia, Deputy Director General of the Foreign Environmental Cooperation Center of the Ministry of Ecology and Environment of the People’s Republic of China; Li Xiaowen, Director of Women Workers Committee at National Committee of Chinese Financial Workers’ Union; Arthur Yuen, Acting Chief Executive of the Hong Kong Monetary Authority (“HKMA”); Matteo Marinelli, Asia Pacific Lead of Sustainable Finance at WWF International; and Shane Edwards, Head of APAC Client Coverage at MSCI, on a wide range of topics covering green finance development trends, opportunities for regional cooperation and pathways for sustainable transition.

During the forum, two research reports were unveiled, namely The Asian Way: Sustainable Finance Market Outlook in Southeast Asia and the Role of Hong Kong (Second Edition), jointly released by the Hong Kong Financial Research Institute of Bank of China, MSCI Institute and HKU Jockey Club Enterprise Sustainability Global Research Institute; and Hong Kong Climate Awareness: Public Understanding, Risk Perception and Readiness for a Low-Carbon Future, published in collaboration between BOCHK and the Hong Kong Polytechnic University (“PolyU”). The two research reports focus respectively on the latest trend in green development across Southeast Asia and the Greater Bay Area, and on Hong Kong residents’ understanding of climate change and preferences for green financial products. Together, they provide valuable insights to support green finance and sustainable development. Professor Lin Chen, Vice President and Pro-Vice-Chancellor (Business) of the University of Hong Kong, and Professor Wong Wing-tak, Deputy President and Provost of PolyU, attended the respective research report launch sessions as guest speakers.

The forum also featured a Sharing Workshop on Good Practices of Green Finance in Southeast Asia, where industry leaders from major Southeast Asian banks shared case studies on green finance initiatives. This was followed by an exchange session involving experts from the Ministry of Ecology and Environment of the People’s Republic of China, the HKMA and the Asian Development Bank, as well as scholars from local and overseas tertiary institutions, who shed valuable insights on the cases presented.

Wang Huabin, Deputy Chief Executive of BOCHK, said, “Climate change remains one of the most pressing challenges of our time, and no country or region can tackle it alone. We must work together through regional cooperation to address this challenge. As cooperation on sustainable development continues to deepen among the Chinese Mainland, Hong Kong and Southeast Asia, Hong Kong, as a pioneer in sustainable finance, is well positioned to support its Asian partners with mature solutions and contribute to advancing green finance across Asia. At BOCHK, sustainable development lies at the heart of our strategy. Leveraging our extensive network across nine ASEAN countries, we actively connect regional green projects with international capital, helping to channel financial resources to where they are most needed. We will continue to bring together the efforts of corporates and individuals across the Chinese Mainland, Hong Kong and Southeast Asia to advance sustainable development. Together, we can chart the way forward in the global green transition and support climate action in the region and beyond through the power of finance.”

Li Xia, Deputy Director General of Foreign Environmental Cooperation Center at Ministry of Ecology and Environment of the People’s Republic of China, said, “Green finance is a critical pillar in achieving global climate goals and advancing sustainable development. Under the theme ‘Together for Green’, today’s forum is not only a timely response to one of the defining challenges of our time for regional green growth, but also a powerful declaration of collective action. Hong Kong, as an international financial centre, possesses unique strengths in green finance and is well positioned to become a leading green finance hub in Asia and beyond, playing an indispensable role in channelling domestic and international capital towards green projects. Looking ahead, the Foreign Environmental Cooperation Center of the Ministry of Ecology and Environment will continue to work with partners, including BOCHK, to support Hong Kong’s development as an international green finance centre and to guide more private capital towards projects and initiatives that generate genuine green value.”

Li Xiaowen, Director of Women Workers Committee at National Committee of Chinese Financial Workers’ Union, said, “Green finance in the new era has evolved beyond the traditional focus on green lending. Drawing on the experience of the Guangdong-Hong Kong-Macao Greater Bay Area, a number of scalable and replicable green finance models have emerged, demonstrating the value of cross-sector collaboration. A notable example is the alignment of green standards across Guangdong, Hong Kong and Macao, which leverages Hong Kong’s strengths as an international green finance hub to align with international standards and facilitate the mutual recognition of green projects between the Chinese Mainland and international markets. These efforts provide valuable experience for the development of green finance nationwide.”

Matteo Marinelli, Asia Pacific Lead of Sustainable Finance at WWF International, said, “We live in a nature-based economy – our economies, well-being and prosperity all depend on our most precious asset: nature. To support the acceleration of science-based landscape conservation in places where WWF works, WWF leverages a full set of complementary financial tools and solutions. For instance, applying the Landscape Finance Approach, combining both greening finance and financing green, will require funding for implementation across key landscapes. Unlocking private capital is essential to closing the nature finance gap. Looking ahead, WWF sees strong potential to collaborate with Chinese and ASEAN financial institutions — strengthening dialogue among regulators, promoting financial flows towards climate and nature through innovative facilities, and working with partners such as BOCHK to help companies navigate ESG and compliance requirements in the region. Together, our joint efforts to redirect finance towards nature would ensure a thriving planet for generations to come.”

Shane Edwards, Head of APAC Client Coverage at MSCI, said, “Sustainable finance in Asia is entering its next phase. Investors are becoming more selective about where they deploy capital, while climate and sustainability ambitions are becoming more deeply embedded in investment and financing decisions. The complementary strengths and needs of markets across Asia create significant opportunities for greater regional cooperation. Hong Kong is well placed to connect these opportunities with capital and expertise. At MSCI, our indexes, data and risk models help institutional investors better understand the opportunities and risks involved, supporting more informed investment decisions towards the transition.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bochk-green-forum-2026–sharing-workshop-on-good-practices-of-green-finance-in-southeast-asia-promotes-cross-border-collaboration-to-advance-regional-green-transition-302876008.html

SOURCE Bank of China (Hong Kong)

Technology

HK’s superconnector role highlighted at major GBA conference

Published

23 minutes ago

September 11, 2026

HONG KONG, Sept. 10, 2026 /PRNewswire/ — A news report from chinadailyhk.com:

High-level officials and society leaders gathered in Hong Kong on Thursday for a major conference on integration of the Guangdong-Hong Kong-Macao Greater Bay Area, with keynote speakers highlighting the Hong Kong Special Administrative Region’s role as a “super connector” between the Chinese mainland and global markets amid rapidly shifting geopolitical and technological landscapes.

The conference, themed “New Dynamics in Asia-Pacific Cooperation, New Opportunities for GBA Connectivity”, was co-organized by China Daily and the Hong Kong Coalition, bringing together nearly 300 government officials, consuls general, business leaders and representatives from think tanks, academia and media, as well as public-private sector experts from across Asia.

Leung Chun-ying, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference, said that collaborative initiatives unveiled recently in data and healthcare between Hong Kong and Nansha in Guangzhou, Guangdong province, underscore the unique role of Hong Kong as a partner and super connector linking the Greater Bay Area with the rest of the world.

He said the steps to be taken are clear and necessary — to promote better government-to-business and business-to-business interactions between Hong Kong and Guangdong.

“The new momentum generated in recent months through cooperation between Guangdong cities in the Greater Bay Area and Hong Kong will benefit other Asia-Pacific countries and regions,” Leung said.

Hong Kong SAR Chief Executive John Lee Ka-chiu said in a video speech that the Greater Bay Area is fast becoming one of the most dynamic and integrated economic powerhouses in the world, underscoring Hong Kong’s role as the only world city that converges both the China advantage and the global advantage.

Lee said that this role takes on new significance this year, as the 33rd Asia-Pacific Economic Cooperation Economic Leaders’ Meeting will be held in Shenzhen, Guangdong, in November, a historic first for the Greater Bay Area, and Hong Kong will host the APEC Finance Ministers’ Meeting in October. He added that the region is ready for the spotlight.

Lee said that Hong Kong has a deep and liquid market and a strong pool of financial and professional talent, and the city has become Asia’s premier fundraising, asset management and risk management hub.

He said the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone is key to turning cutting-edge ideas into tangible outcomes and world-class research into products, by bringing together Hong Kong’s research excellence and the Chinese mainland’s advanced manufacturing capabilities.

He added that talent is central to Hong Kong’s innovation and technology push, while highlighting the “one town, five elements” framework for the Northern Metropolis University Town Area — a hub where universities, research institutes and industries will be set up together to integrate the five elements of education, technology, talent, industry and urban development.

“Integrating into and serving overall national development, Hong Kong brings together ideas, capital and talent across boundaries, and connects the Greater Bay Area with global markets. Together, we are not just building the Greater Bay Area. We are shaping a more connected, innovative and prosperous future,” Lee said.

Qu Yingpu, publisher and editor-in-chief of China Daily, said that the China Daily Hong Kong Edition has chronicled Hong Kong’s remarkable voyage — enduring storms, celebrating triumphs and now recording a new era of transformation from stability to prosperity, aligned with the vibrant rejuvenation of the Chinese nation.

“Amid shifting communication landscapes and unprecedented global change, we will continue to share the living story of and contribute to this ‘one country, two systems’, the dynamism of the Greater Bay Area and China’s unwavering commitment to an open global economy,” he said.

Qu also said that he believes that Hong Kong will continue to innovate, leap forward and forge new heights of achievement with its first five-year plan, which is scheduled to be published on Sept 16.

Hong Kong SAR Financial Secretary Paul Chan Mo-po stressed connectivity and Hong Kong’s role in connecting the world in an age of profound change driven by geopolitics and technological transformation.

“As the country’s most internationally connected region, the Greater Bay Area presents a strong value proposition for Asia-Pacific collaboration,” Chan said. “It rests on a simple conviction: When we partner, we do not merely add up our strengths — we multiply them and extend their reach well beyond Asia.”

The conference also featured three panel discussions on Hong Kong’s financial opportunities in the changing Asia-Pacific landscape, the synergy in commercial aerospace development between the HKSAR and Shenzhen, and education in the artificial intelligence era.

Panelists highlighted how Hong Kong can seize opportunities arising from deeper Asia-Pacific economic and trade cooperation to enhance its influence as a global financial hub.

Discussions also centered on harnessing the Greater Bay Area’s manufacturing capabilities and Hong Kong’s strengths, exploring ways to build a collaborative commercial space ecosystem.

Panelists also examined how the education sector can reinvent its model with AI to cultivate talent that serves the Greater Bay Area and the Asia-Pacific market.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hks-superconnector-role-highlighted-at-major-gba-conference-302876024.html

SOURCE chinadailyhk.com

Technology

Club Offers for Travel Enthusiasts in Germany

Published

23 minutes ago

September 11, 2026

BERLIN, Sept. 11, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces five of many new Club Offers for Club Members in Germany.

Rigorously vetted and negotiated for us travel enthusiasts:

FROM €99 PP—3 DAYS ON THE NORTH SEA, INCLUDING. HALF BOARD
Right on the main beach of the car-free island Wangerooge. Wellness area with three saunas and a swimming pool. Panoramic restaurant views over the Wadden Sea, a UNESCO World Heritage site. Included for us Club Members: East Frisian “Teetied” afternoon tea with cake.FROM €1899 PP—COSTA RICA WITH FLIGHTS & RENTAL CAR, SAVE €1200
13-day round trip. Relax at Caribbean beaches with coral reefs, see national parks with lava fields and waterfalls. Includes a hanging bridge tour through the Monteverde rainforest canopy where you can spot monkeys and sloths.FROM €509 PP—CROATIA’S RIVIERA: 6 DAYS WITH HALF BOARD & FLIGHTS
5-star hotel right on the water in Makarska, with views of the Biokovo mountains. Three outdoor pools, including one with a swim-up bar. We’ve negotiated savings of around €200.FROM €139 PP—LAKE CONSTANCE WITH GOURMET DINING
Three days at a 4-star hotel set in a former farmhouse. An idyllic garden with fruit and chestnut trees. The restaurant is recommended by both the Michelin Guide and Gault&Millau. A 3-course dinner is included for us Club Members.FROM €299 PP—PORTO: 4 DAYS AT A 5-STAR HOTEL WITH FLIGHTS
A boutique hotel with just 28 rooms, housed in a former soap factory. Enjoy stylish design featuring terracotta and rattan, with the scent of essential oils throughout. Turkish bath and heated outdoor pool. In a central location, close to the Mercado do Bolhão market.

Offers have limited inventory and are subject to availability.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Travelzoo
Unter den Linden 40
10117 Berlin

Media Contact:
Natalia Cwierz – Berlin
+49 30 311 975 20
ncwierz@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-germany-302875478.html

SOURCE Travelzoo