BEIJING, Jan. 3, 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 signed lululemon athletica inc. (NASDAQ: LULU) ("lululemon") as a new client.
lululemon is significantly scaling its business in China. It entered the China market in 2016 by opening a number of offline stores and an online store on Tmall. As part of its global expansion, lululemon is looking to further expand its online presence and acquire new customers in China with the launch of approximately 30 additional stores in Shanghai in 2018.
Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "I am pleased to welcome lululemon to our growing portfolio of clients. To facilitate its expansion in China, lululemon is leveraging our powerful AI-driven Marketing Automation suite and deep experience across a broad range of digital marketing environments and across multiple devices and platforms, including social, newsfeed, search and others. lululemon is an incredibly dynamic brand that has set a high bar in terms of its expectations and targets for customer satisfaction, brand ascendance and, ultimately, return on investment for its China business. This client win demonstrates the confidence lululemon has in our big data and AI capabilities, and we believe that our marketing automation suite will be a key facilitator for lululemon in achieving its goals."
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.
About lululemon athletica inc.
lululemon athletica inc. (NASDAQ: LULU) is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, with products that create transformational experiences for people to live happy, healthy, fun lives. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit www.lululemon.com.
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For more information, please visit http://www.gridsum.com/.
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