Gridsum Awarded Most Intellectually Spirited Employer, a China Best Employer Award 2017

BEIJING, Nov. 14, 2017 /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 recognized as one of China's Most Intellectually Spirited Employers at the China Best Employer Award 2017 jointly conducted by, a leading career platform in China, and Peking University Social Survey Research Center, a subsidiary of the Department of Sociology, Peking University. Gridsum was one of the 30 companies recognized with the award which also included companies such as Face++, DJI, CreditEase, Ford, ZTE, Moody's Analytics, Ofo and Didi Chuxing.

China's Most Intellectually Spirited Employer award assesses a broad range of innovative companies including AI, fintech and shared economy companies. Launched in 2005, "China's Best Employer Award" has become one of the most influential and prestigious brand nomination events for both China-based and multinational employers in China. The award is both a valuable reference for job seekers, and an important way for local and international employers to measure themselves and their work environment against the best in the industry.

This year's award selection was based on professional evaluation by a jury committee and public online voting by employees and job seekers. The jury committee consisted of academic professionals, employment specialists, senior media reporters and third-party consultants. The professional evaluation focused on employer image, management, salary and benefits, growth and training, work environment and company culture. A jury team of 1,000 HR professionals reviewed the nominations made by the public.

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "I'm very excited that Gridsum is among the companies recognized for the attractiveness of our corporate culture. We have always been committed to creating a unique working environment and corporate culture where our employees bind together to create the best global technology and apply it to change the enterprise landscape in China. Our success in this is further borne out by our world-leading zero churn rate, since inception, for our top 30 managers and our top 30 developers, and we will continue to invest in creating a working environment that drives our competitive advantage and success."

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," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" 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. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of 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; reduced demand for, and market acceptance of, Gridsum's solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; 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. Further information regarding these and other risks is included in Gridsum's reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

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