Gridsum Publishes Letter to Shareholders from CEO
GRIDSUM HOLDING INC ADS (GSUM)
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Source: PR Newswire
BEIJING, Jan. 8, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or "Company") (Nasdaq: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that Mr. Guosheng Qi, Chief Executive Officer of Gridsum, has issued a Letter to Shareholders, the full text of which follows.Dear Fellow Shareholders:2018 was an extremely challenging year for our company. Over the past five years, our main focus has been to drive growth by bringing global best-of-breed big data and AI technology solutions to the emerging enterprise SaaS market and our blue-chip enterprise, government and legal clients in China. From a technology standpoint, we remain among the best companies in the world. However, with the benefit of hindsight, we came to learn that we needed to strengthen our processes and controls over our accounting and financial reporting to keep pace with the company's successes and growth. As you may be aware, we have prev
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