SANTA CLARA, Calif., March 18, 2019 /PRNewswire/ -- CooTek (NYSE: CTK), a fast-growing global mobile internet company dedicated to empowering everyone to enjoy relevant content, announced that its US subsidiary, TouchPal Inc., has moved to a new office in Santa Clara, CA, USA. The new office will serve as a base and vital asset in support of CooTek's global growth and development of its content delivery platform and artificial intelligence ("AI") technologies.
"We are ecstatic to move to a new and bigger office in Santa Clara," commented Ms. Susan Li, President of CooTek. "Growing our US team is part of our global growth strategy and moving to this new office will allow us to support a larger pool of talent in the area."
CooTek's US team will focus on and be responsible for driving user and revenue growth by leveraging its strengths in big data analysis and developing cutting-edge technologies. The Company's global content teams will work to provide the most relevant content and content-based products to its users together with CooTek's AI Lab which will continue researching and applying deep learning, speech recognition, and natural language processing technologies.
The average daily active users ("DAUs") of CooTek's portfolio apps surged 483% year-over-year in December 2018 which drove impressive revenue growth of 259% in 2018 when compared to last year. As the main revenue growth driver, CooTek's portfolio apps accounted for approximately 63% of CooTek's advertising revenue in 2018.
Ms. Li added, "Our ability to leverage big data and AI technologies and apply them to our portfolio of apps is driving rapid user and revenue growth. We will continue to expand and grow our US team to support the growth momentum of our global business."
About CooTek (Cayman) Inc.
CooTek is a fast-growing global mobile internet company. The mission of CooTek is to empower everyone to express themselves and enjoy relevant content seamlessly. The Company's user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users' ever-evolving content needs and helps it rapidly attract targeted users. Focusing on 5 verticals of fitness, news and short videos, healthcare, lifestyle and entertainment, CooTek has developed multiple rapidly growing content-rich portfolio apps with news feed to deliver relevant content.
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