The stock code is "CMCM" and the opening price is 15.25 dollars.

Tonight, the Cheetah movement is officially listed on the NYSE, the stock code is "CMCM", the opening price of 15.25 U.S. dollars, more than 14 U.S. dollars/share of the issue rose 8.9%. The joint underwriters include Morgan Stanley, JPMorgan Chase, Credit Suisse, Macquarie and Oppenheimer as deputy underwriters.

Cheetah Mobile The IPO will sell 12 million U.S. Depository shares (ADS) and authorize underwriters to add up to a maximum of 1.8 million ads for additional subscription rights within 30th from the commencement of the prospectus. After the IPO, the Cheetah moved total equity to 138 million shares of ads. In terms of market capitalisation, the cheetah's market capitalisation amounted to $1.932 billion trillion, and the cheetah's mobile market value was about $2.1 billion, according to the opening price.

It is worth mentioning that, according to the cheetah before the move with Kingsoft software, Baidu, Millet signed shares subscription agreement, in the Cheetah's IPO, the three companies will subscribe to 10 million U.S. dollars, 20 million U.S. dollars, 20 million U.S. dollar A shares, Tencent's tch company also has the highest subscription value of 20 million dollar cheetah shares. After the IPO, Jinshan software will be in the cheetah's mobile shareholding ratio from the current 54.1% diluted to 47.86%.

Cheetah Mobile on April 3 for the first time to submit a prospectus, proposed to raise up to 300 million U.S. dollars. At the end of April, when the US tech IPO market was in turmoil, the cheetah move slashed the top financing for IPOs by 1/3 to $200.1 million. The specific uses of the IPO are as follows: about $50 million trillion will be used to increase penetration in selected international markets, with about $35 million to expand and strengthen its sales and marketing prowess; about 35 million dollars will be spent on technology, infrastructure and research and development, and the remainder will be used to include operations, Other general business uses such as potential acquisitions.

Cheetah Mobile predecessor is "Jinshan Network", main products include information security software, Web browsers and all kinds of mobile applications, in March this year officially renamed Cheetah Mobile. At present, the Cheetah Mobile core products include Leopard cleaning master, Jinshan battery doctor, Jinshan mobile phone poison PA, Cheetah Browser, Sange and so on. According to the Cheetah Mobile prospectus, by the end of March this year, Cheetah Mobile all mobile applications installed capacity of about 500 million, this February, the Cheetah Mobile all its applications of the number of live users up to 341 million, of which, from the mobile end of the monthly live users about 223 million, accounted for 65%, overseas monthly live users about 214 million, accounted for 63%.

According to the prospectus, in 2013, the cheetah moved a full-year net profit of 10.245 million U.S. dollars, an increase of 530% year-on-year, the total revenue of about 124 million U.S. dollars a year, an increase of 160.5%. According to Cheetah Mobile, the top five partners contributed 65% of the Cheetah's mobile income, of which Alibaba, Tencent, Baidu are 25%, 19% and 14% respectively, in addition, the Kimsang Reijun department has been the largest cheetah mobile shareholders.

Before the official bell, Cheetah Mobile CEO Fu with the media, to everyone to answer the Cheetah mobile positioning and future planning.

One, why from "Jinshan Network" renamed "Cheetah Mobile"

FU: Our company formerly called "Jinshan Network", Jinshan is a very famous brand, we have deep feelings, but Jinshan subsidiaries a lot, we often do not know the difference. Because we are the companies that enter the global market, we want to have a clearer brand positioning. After repeated discussions, we feel that the cheetah has a fast, enthusiastic, unrestrained characteristics, it is the fastest moving animals on land, coupled with our Cheetah browser to get a better response, so we intend to "cheetah" under the new brand to reconstruct our product system.

Second, the cheetah after the listing of the development plan how

FU: On the one hand, we will continue to strengthen this part of the domestic mobile phone security and tools in the field of the most powerful competitors. We are very important in the Chinese market, whether in the PC-side Jinshan poison PA, Cheetah Browser, or mobile end of the Cheetah clean-up master, mobile phone poison PA, we are the domestic security ecological circle is very important participants.

On the other hand, we have established a leading position overseas. We have 223 million live users on the mobile end, many from overseas, the United States and the European Union are our largest overseas markets. IPO allows us to face global users, help us build better brands, enhance visibility, and build international talent team.

Because we have more than 200 million overseas live users, more than 500 million mobile users, and mainly developed countries, we hope to be able to seek a unique position overseas, as the future of many Chinese companies to go to sea important bridge, and have the opportunity to participate in the global mobile Internet first-class companies in the competition, specifically, We want to be a distributor of Chinese hands. After investigation, we found that there are many passionate and creative team in the field of domestic hand tour.

In addition, we will soon try to get the possibility of overseas users. We see that some foreign companies are more mobile than domestic companies (such as Facebook), overseas users more attention to the entire user experience, which makes better products more easily stand out, the dependence on the channel is relatively small, in addition, the whole overseas advertising system is more mature than the domestic.

On the whole, based on the rapid growth of the Cheetah Master, we will become a mobile internet company focused on the Cheetah cleanup guru, creating its own product systems and ecosystems. I think the internet is essentially a vitalize project, you can stand out in one field and other problems will be solved. (Note: Leopard cleaning master launched in September 2012, as of the end of March this year, installed capacity of about 240 million, monthly live users of about 140 million, daily live users of 72.9 million)

Third, do you have any plans to do the search

Fu: We don't have our own search plan, and three search companies are competing on the PC side. For us, a company is the most important focus, a company can not only do search and do security, everything is very difficult to achieve a thing. Strategically, we are focused on the security to achieve the world class level, in the entire mobile internet large ecological chain to find their core positioning, this positioning allows us to work with the upstream and downstream industry cooperation, the formation of a common win situation.

Iv. cooperation and competition with Baidu, Millet and Tencent

FU: equal cooperation and mutual benefit between the two sides is the basis of strategic investment and financing.

We are a very big partner Baidu, we have brought a lot of search traffic to Baidu, so it hopes to be able to make some investment in the strategy, but also to reach an alliance with us, I think this is the need for both sides to take.

Millet investment us, the most important thing is that we millet and positioning very similar. Millet in the Internet hardware has an unmatched advantage of others, we have Internet software, mobile software development also has its own characteristics, and our overseas users a large size. This year millet began to push ahead with its overseas expansion strategy, which I believe will provide a very big opportunity for our future cooperation. (According to Cheetah, the red rice model of millet has been pre-installed Leopard Cleaning Master clean Master)

Today Tencent is not our biggest shareholder, the Cheetah Mobile has its own independence, the management team to make decisions is the biggest return to all shareholders. We and Tencent, Baidu and other companies in the security of some of the competition is very normal, the Internet has both competition and cooperation, we will be based on products to compete, and in some areas can also be more complementary. Tencent's cell phone butler, for example, is complementary to our battery doctor. (According to Cheetah, Tencent mobile phone butler's power-saving module recommended the use of battery doctor)