Chinese Internet and mobile Internet security company Cheetah Mobile announced that the company has appointed Li Zhaohui as a new director of the company; meanwhile, former director Peng Zhijian resigned his position, effective immediately.
Li is currently an executive partner of Tencent Investment and general manager of Tencent Mergers & Acquisitions. He focuses on Tencent's global mergers and acquisitions in multiple sectors, covering interactive entertainment and games, social networking services, and O2O and Internet finance.
Prior to joining Tencent, Li worked for Bertelsmann Asia Investments, Google China, and Nokia GB and China. Li gained his Bachelor's degree at Guanghua School of Management, Peking University and got his MBA from Duke University.
Fu Sheng, chief executive officer of Cheetah Mobile, said that they welcome Li to join the board of directors of Cheetah Mobile and believe that his knowledge and experience of the Chinese Internet and global capital market will bring new value to the company. At the same time, they appreciate the long-term support and contributions of Peng.
According to Cheetah Mobile's third quarter financial report ended September 30, 2015, the company's total revenue reached CNY1.009 billion during the reporting period, a year-on-year increase of 110.7%; and its mobile revenue was CNY703 million, a year-on-year increase of 522% and accounting for 69.7% of its total revenue.