SANTA CLARA, Calif.,
March 22, 2019 /PRNewswire/ -- CooTek
(NYSE: CTK), the developer of the short video community app VeeU,
has released a customized version of the app with short video
content relevant to users in Vietnam.
"VeeU's short video community has been widely accepted by many
users in Vietnam,"
commented Mr. Henry Yao, Senior
Product Director at CooTek. "By providing the Vietnamese users with
more relevant videos, we hope to quickly become the most popular
platform for users there to share and watch short and funny
videos."
Last year, VeeU ranked as the top Google Play entertainment app
in Thailand. The short video
content offered to users in Thailand by VeeU has also been well received.
VeeU's success in Thailand has
helped to expand its audience in Vietnam.
"With VeeU rapidly gaining popularity in the region, we rapidly
took action to strengthen its competitiveness in Vietnam. For example, we are looking into
partnering with multi-channel networks ("MCNs") to expand the
amount of relevant video content for the Vietnamese community,"
added Mr. Yao.
As one of CooTek's rapidly growing content-rich portfolio apps,
VeeU has expanded into Vietnam to
support the growth of CooTek's DAU and revenue. Average daily
active users ("DAUs") of CooTek's portfolio apps surged 483%
year-on-year in December 2018, which
led to impressive year-on-year net revenue growth of 259% for the
full year 2018. As the main driver of revenue growth, portfolio
apps accounted for approximately 63% of CooTek's advertising
revenue in 2018.
About CooTek (Cayman) Inc.
CooTek is a fast-growing global mobile internet company. The
mission of CooTek is to empower everyone to express themselves and
enjoy relevant content seamlessly. The Company's user-centric and
data-driven approach has enabled it to release appealing products
to capture mobile internet users' ever-evolving content needs and
helps it rapidly attract targeted users. Focusing on 5 verticals of
fitness, news and short videos, healthcare, lifestyle and
entertainment, CooTek has developed multiple rapidly growing
content-rich portfolio apps with news feed to deliver relevant
content.
For more information, please visit: https://www.cootek.com/
Follow us on Facebook and Twitter:
https://www.facebook.com/CooTekInc/ and
https://twitter.com/CooTek
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. CooTek may also
make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Any statements
that are not historical facts, including statements about CooTek's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: CooTek's mission and strategies; future business
development, financial conditions and results of operations; the
expected growth of the mobile internet industry and mobile
advertising industry; the expected growth of mobile advertising;
expectations regarding demand for and market acceptance of our
products and services; competition in mobile application and
advertising industry; and relevant government policies and
regulations relating to the industry. Further information regarding
these and other risks, uncertainties or factors is included in the
Company's filings with the U.S. Securities and Exchange Commission.
All information provided in this press release is current as of the
date of the press release, and CooTek does not undertake any
obligation to update such information, except as required under
applicable law.
For investor enquiries, please contact:
CooTek (Cayman) Inc.
Ms. Ivy Lu
Email: IR@cootek.com
Christensen
In China
Mr. Christian Arnell
+86-10-5900-1548
carnell@christensenir.com
In US
Ms. Linda Bergkamp
+1-480-614-3004
lbergkamp@christensenir.com
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SOURCE CooTek