Beijing-based Chinese security software maker Cheetah Mobile Inc. has acquired an additional 22.2% stake in Chinese mobile Internet firm Moxiu Technology (Beijing) Co., Ltd. for a total of RMB30 million (US$4.9 million) in cash, according to Cheetah’s official announcement. Upon completion of the transaction, Cheetah will become the majority shareholder of Moxiu Technology with a stake […]
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