Gridsum Joins Artificial Intelligence Industry Alliance

BEIJING, June 7, 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 joined the China Artificial Intelligence Industry Alliance ("AIIA") alongside IBM, Microsoft, Intel and Thundersoft as council members.

Under the guidance of the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology and the State Network Information Office, the AIIA was formed by the China Academy of Information and Communications Technology and a number of other respected institutions. The AIIA's focus is to promote the development of the AI industry by creating a platform that serves enterprises and local government in the implementation of China's "Internet + artificial intelligence action plan" and the development of "Internet +".

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "I am proud we have been accepted as an AIIA council member alongside our globally respected peers. I believe this demonstrates the quality and recognition our products and technologies are well received across the AI industry and the value-add they can bring to our clients. Joining the AIIA will allow us to work alongside and learn from our peers in the development of AI technologies and participate in the formulation of policy. We will continue to develop new and innovative AI and big data solutions to help our clients make better business decisions and drive their business KPIs."

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.

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