BEIJING, March 19, 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 published a white paper on ad fraud in China's internet advertising industry to commemorate World Consumers Rights Day on March 15, 2018.
Gridsum began analyzing ad fraud, also referred to as invalid traffic, in 2013 when it joined the China Advertising Association ("CAA") and Mobile Marketing Association China ("MMA China") to participate in the creation of ad fraud standards for China's internet advertising industry. With the support of the CAA and MMA China, Gridsum leveraged its deep experience in big data analysis and AI to develop a powerful invalid traffic monitoring system. To commemorate World Consumers Rights Day on March 15, 2018, Gridsum published its white paper on ad fraud which consists of over two years of invalid traffic monitoring across China's internet advertising industry.
Key findings from the white paper include:
Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "We released our white paper to provide data to advertising and digital media agencies and promote the healthy and sustainable development of the internet advertising industry. Leveraging our big data capabilities, we are able to provide industry professionals with what we believe to be very helpful analysis on invalid impressions and clicks, frequency, geographic origins, website heat maps, user behavior and other multi-dimensional indicators. We will continue to work with authoritative organizations and companies across the industry to help clean up China's internet advertising industry, promote increased transparency of advertising data and construct a healthy and sustainable internet marketing ecosystem. In addition, Gridsum's Marketing Automation Solutions use market-leading machine learning and AI technologies to automatically detect and prevent paid click fraud for our clients. This is one of the ways that Gridsum helps increase our clients' marketing ROI and business KPIs in a timely and quantifiable manner."
Gridsum has made the Gridsum Real Time Invalid Ad. Traffic Monitoring Service available on its product website.
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," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" 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. Gridsum 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 reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of 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; reduced demand for, and market acceptance of, Gridsum's solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions 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 in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum's reports filed with, or furnished to, the 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.
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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