20-05-2016 20:22 via feedproxy.google.com

One of the fastest-growing mobile developers in the world is getting decimated right now

Cheetah Mobile, a Chinese mobile Android-app developer, is down 12% in Friday's trading day after a brutal week that saw the company's stock price fall 30%.
The stock fell on slower than expected revenue and user growth as expenses and the cost of revenues climbed. It also guided Q2 revenue estimates lower than Wall Street analysts expected.
Sheng Fu, Cheetah Mobile's CEO, said:
Our analysis suggests that there are three key reasons for the weakness in our expected mobile revenues growth, which
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