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Gridsum Ranked Among 2018 Top 50 Chinese Big Data Enterprises

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Gridsum Ranked Among 2018 Top 50 Chinese Big Data Enterprises

PR Newswire

BEIJING, Aug. 20, 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 been ranked among the 2018 Top 50 Chinese Big Data Enterprises by the Big Data Industry Alliance of China (the "Alliance"). Gridsum was recognized along with Alibaba, Huawei, Tencent, Lenovo, Inspur, Didi Chuxing, Xiaomi, and Microsoft (China).

The Alliance is a non-profit organization focused on facilitating the development of the big data industry in China. The Alliance is jointly run by a number of respected institutions and is led by China Center for Information and Industry Development (CCID), a research institute under the Ministry of Industry and Information Technology.

The Alliance assessed potential nominees on a number of metrics including their big data application capabilities, investments in big data research and development, product innovation, case studies, financing needs and growth potential. 

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "More than 2,000 enterprises were assessed this year and we are excited to have been ranked among the top 50. Once again, this demonstrates our leading R&D capabilities and achievements in the big data industry. Our investment and allocation of resources towards R&D innovations and leveraging our core competency in big data analytics and AI to develop new enterprise-focused products are clearly paying off and well recognized. We will continue to leverage our extensive experience and technology to innovate new solutions to add more value to our clients and help them to make better data-driven decisions."

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.

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