2014-04-29
Baidu, Kingsoft, Xiaomi To Subscribe $50M Shares Before Cheetah's IPO
Beijing-based Chinese security software maker Cheetah Mobile Inc. says three Chinese Internet companies are to subscribe a total of US$50 million shares before its planned U.S. IPO, according to a company announcement. Chinese Internet search engine Baidu Inc., software company Kingsoft Corporation and Chinese smartphone maker Xiaomi Inc. have agreed to subscribe Cheetah's shares at […]
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