GlobeNewswire Inc | Jul 23, 2020 12:48PM EDT

July 23, 2020

NEW YORK, July 23, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Cheetah Mobile Inc. (NYSE: CMCM) between March 25, 2019 and February 20, 2020, inclusive (the Class Period).

If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

To join the class action, http://zhanginvestorlaw.com/join-action-form/?slug=cheetah-mobile-inc&id=2293 call Sophie Zhang, Esq. toll-free at 800-991-3756 or emailinfo@zhanginvestorlaw.comfor information on the class action.

http://zhanginvestorlaw.com/join-action-form/?slug=cheetah-mobile-inc&id=2293.

According to the lawsuit, throughout the Class Period(1) certain of Cheetah Mobiles apps were not compliant with the terms of its agreements with Google; (2) as a result, there was a reasonable likelihood that Google would terminate its advertising contracts with the Company; (3) as a result of the foregoing, the Companys ability to attract new users would be adversely impacted; (4) as a result, the Companys revenue was reasonably likely to decline; and (5) as a result of the foregoing, Defendants positive statements about the Companys business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C. 99 Wall Street, Suite 232 New York, New York 10005info@zhanginvestorlaw.com tel: (800) 991-3756