BEIJING, April 29, 2019 /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 it has entered into a
strategic alliance with ShineWing, the largest domestic accounting
and consulting firm in China, to
intelligentize professional services.
Gridsum and ShineWing will work together to promote the
application of big data and AI within professional services and
marks a significant milestone for both parties. Under the terms of
agreement, Gridsum will leverage its deep experience in developing
emerging AI, and big data analytic technologies and apply them to
ShineWing's professional services practice in auditing, assurance,
management consulting, construction consulting, and taxation and
accounting. Gridsum and ShineWing's experience in strategic
development planning and project implementation will help companies
digitally transform themselves in addition to further developing
IIOT and intelligent manufacturing in China.
In addition, Gridsum and ShineWing will jointly develop an
innovative Platform as a Service, which will provide a one-stop
platform for high-end intelligentized professional services to
companies across a variety of industries. Both parties will also
strengthen cooperation between leading international think tanks
and universities to intelligentize the formation of China's public policy.
Mr. Ke Zhang, Chairman of
ShineWing, commented, "The digital economy has been widely
recognized as the new driving force behind today's society.
Informationization is having a significant impact on economic
development, which affects organizations across all industries.
With Gridsum as our partner, ShineWing will have the necessary
resources to dive deep into a variety of businesses, solve root
problems, and better serve our customers while promoting their
digital transformation."
Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented,
"We are entering the era of digital transformation and
informationization. Applying AI and big data can solve a number of
problems that affect many industries and will facilitate corporate
transformation and data governance. I strongly believe that our
cooperation with ShineWing will boost the transformation from a
labor-intensive model to a refined and intelligentized system
across all industries, which will greatly benefit China's digital revolution."
About ShineWing
ShineWing expands its professional services into four areas,
including Audit & Assurance, Management Consulting, Tax &
Accounting, and Construction Consulting with over 8,000 employees
(including more than 400 partners) across 14 different countries
and regions with 80 offices worldwide. After more than 30 years of
progress and development, ShineWing has achieved a fully integrated
management system while being fully committed to its plans for
global expansion. ShineWing has now become China's most renowned and comprehensive
professional service organization with international coverage.
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 and the Gridsum Prophet: Enterprise AI Engine, 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.
For more information, please visit http://www.gridsum.com/.
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," "anticipates," "aims," "future,"
"intends," "plans," "believes," "estimates," "likely to" and
similar statements. Forward-looking statements in this release
include quotations from management, our strategic and operational
plans as well as our stated expectations of future trends in our
business. 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 unexpected difficulties in pursuit of
our goals and strategies, unpredictability of demand for new
solutions we have developed, difficulties keeping and strengthening
relationships with customers, potential difficult expanding our
customer base or securing new orders from existing customers,
potentially costly research and development activities, liquidity
and the availability of additional capital when needed, weaknesses
of our internal controls, competition in the digital intelligence
market, PRC governmental policies relating to media, software, big
data, the internet, internet content providers and online
advertising, and general economic and business conditions. Further
information regarding these and other risks is included in
Gridsum's annual report on Form 20-F and other reports filed with,
or furnished to, the U.S. Securities and Exchange Commission. 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.
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.