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Brenda Zhang

Vice President and Equity Research Analyst at China International Capital Corporation Limited

Brenda Zhang is a Vice President and Equity Research Analyst at China International Capital Corporation Limited, specializing in coverage of consumer and technology sectors with a particular focus on companies such as Alibaba, JD.com, Meituan, and Pinduoduo. She has built a strong reputation for delivering actionable investment recommendations, achieving an estimated success rate of over 65% and generating consistent outperformance based on TipRanks and industry peer reviews. Zhang began her analyst career in 2014, previously working at HSBC Global Research before joining CICC in 2019, where she continues to be recognized for her in-depth market insights and thought leadership. She holds CFA certification and is registered with relevant securities authorities, further endorsed by her participation in major industry conferences and rankings among leading Asia-based analysts.

Brenda Zhang's questions to Cheetah Mobile (CMCM) leadership

Question · Q2 2025

Brenda Zhang asked if Cheetah Mobile has observed any quantifiable changes in user behavior, such as usage duration, retention rate, or willingness to pay, after integrating AI agent functions into existing internet products and service robots.

Answer

Chairman and CEO Fu Sheng confirmed a noticeable increase in interaction experience and satisfaction for robots with AI integration, leading to higher repurchase rates from robot clients and agents. For internet products, he acknowledged that AI agent integration is still in an exploratory phase, with no large-scale revenue generation yet. However, early tests with products like Kingsoft Antivirus and meeting summary tools show promising user engagement and payment rates, particularly when AI delivers effective results. He expects more substantial data and increased efforts in this area over the next two quarters.

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