CMCM: T. H. Data Flash – Cheetah Mobile Inc. (CMCM) – 2Q17: Live.me Continued to Perform Well With More Concurrent Shows
Live.me progressing well – Based on our data, there are 7,043M cumulative virtual coins (US$80.5M) as of 6/27/2017, about $16.1M in 4Q16, $25.5M in 1Q17 and $32.2M in 2Q17 (Figure 1), of which top 20 hosts accounted for 8.4%. Daily virtual coins are trending up from 9/8/2016 to 6/27/2017. There were 750 – 3,500 concurrent live shows on the Live.me platform (2Q17 had more shows than 1Q17), and the average time length of a show has been getting shorter to ~1,100 seconds from 2,000 seconds in Sept. 2016.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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