BEIJING, July 11, 2018 /PRNewswire/ -- Gridsum Holding
Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a leading
provider of cloud-based big-data analytics and artificial
intelligence ("AI") solutions in China, today announced that
it has renewed its contract with SAIC Volkswagen Automotive Co Ltd.
("SAIC VW"), an automobile manufacturing company headquartered
in Anting, China and
a joint venture between Volkswagen
Group and SAIC Motor.
SAIC VW engaged Gridsum in 2016 to transform their digital
marketing strategies and stay abreast of market trends by
monitoring their official website and digital media placements
using Gridsum's cutting-edge Marketing Automation Suite. Leveraging
its big data analysis and AI-driven marketing and sales
intelligence technology, Gridsum's Marking Automation Suite
optimizes digital media monitoring and advertising placements to
increase conversion rates, efficiently place bids to improve
advertising efficiency and lower labor costs.
Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented,
"I am pleased to renew our contract with SAIC VW and further deepen
our relationship after working closely with them over the past few
years. We believe this contract renewal demonstrates the
effectiveness and value our solutions bring for SAIC VW and their
continued trust in Gridsum. We will continue build out and innovate
new marketing solutions to help our clients making incisive and
effective data-driven decisions and enhance their digital marketing
initiatives going forward."
About Gridsum
Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider
of cloud-based big-data analytics and AI solutions for
multinational and domestic enterprises and government agencies
in China. Gridsum's core technology, the Gridsum Big
Data Platform, is built on a distributed computing framework and
performs real-time multi-dimensional correlation analysis of both
structured and unstructured data. This enables Gridsum's
customers to identify complex relationships within their data and
gain new insights that help them make better business decisions.
The Company is named "Gridsum" to symbolize the combination of
distributed computing (Grid) and analytics (sum). As a digital
intelligence pioneer, the Company's mission is to help enterprises
and government organizations in China use data in new and
powerful ways to make better informed decisions and be more
productive.
Safe Harbor Statement
This announcement contains forward-looking statements. These
forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements can be identified by terminology such as
"may," "will," "expects," and similar statements. Among other
things, quotations from management in this announcement as well as
Gridsum's strategic and operational plans contain forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. Many factors could cause actual results to differ
materially from those contained in any forward-looking statement,
including but not limited to the following: unexpected difficulties
in Gridsum's pursuit of its goals and strategies; the unexpected
developments, including slow growth, in the digital intelligence
market; unexpected difficulties and potential delays in filing
annual or other reports with the SEC; PRC governmental policies
relating to media, software, big data, the internet, internet
content providers and online advertising; and general economic and
business conditions in the regions where Gridsum provides solutions
and services. All information provided in this press release is as
of the date of this press release, and Gridsum undertakes no duty
to update such information except as required under applicable
law.
For more information, please
visit http://www.gridsum.com/.
Investor Relations
Gridsum
ir@gridsum.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
Email: carnell@christensenir.com
In U.S.
Mr. Tip Fleming
Phone: +1 917 412 3333
Email: tfleming@christensenir.com
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SOURCE Gridsum Holding Inc.