HONG KONG, Oct. 12, 2020 /PRNewswire/ — iClick Interactive Asia Group Restricted (“iClick” or the “Firm”) (NASDAQ: ICLK), an unbiased on-line advertising and marketing and enterprise information options supplier in China, at this time introduced that it has elevated its controlling curiosity in Changyi (Shanghai) Data Expertise Co., Ltd (“Changyi”), a number one unbiased software program vendor (“ISV”) in China which offers clever retail and CRM options, by way of which iClick has additional enhanced its data-driven Enterprise Options enterprise.
iClick’s elevated possession and new funding funding permits continuous strategic alignment and enterprise progress between the 2 firms, combining Changyi’s experience in social e-commerce options and iClick’s superior information analytics capabilities, in addition to their consumer bases and sources. iClick is assured that its Enterprise and Advertising and marketing Cloud Platform affords main built-in shopper full-cycle options to assist manufacturers shortly adapt to fast market modifications and make good and environment friendly operational choices, particularly because the pattern in the direction of digitalization has been accelerated by the COVID-19 pandemic. With its dedication in offering tailor-made digitalization companies to model clients, iClick will combine and launch merchandise on 4 key platforms – Programmatic Advertising and marketing Platform, Client Expertise Platform, Social Commerce Platform, and Client Lifecycle Information Administration Platform – which empower shoppers to spice up gross sales from totally different mixtures of product traces.
Constructing on its success within the China market, iClick additionally anticipates the synergies generated from its elevated stake in Changyi will assist it increase into the regional market as effectively, particularly the ASEAN market the place the Firm has already shaped strategic partnerships with prime native companions.
“Our shoppers are frequently searching for methods to extend operational and advertising and marketing efficiencies as they sort out the challenges of doing enterprise in China and the area,” mentioned Jian “T.J.” Tang, Chief Govt Officer and Co-Founding father of iClick. “By means of increasing our stake in Changyi, we will probably be higher positioned to repeatedly improve our present Enterprise SaaS options and superior omni-channel automated advertising and marketing information companies permitting us to successfully deal with the demand that we’re seeing.“
T.J. continued, “iClick’s Enterprise Options providing has generated robust demand for shoppers focusing on the China market, and we’re very optimistic about its prospects within the ASEAN market, the place we have already got signed on main native companions. Trying forward, we want to reiterate our dedication and relentless efforts in the direction of creating our Enterprise and Advertising and marketing Cloud Platform. With the sources from our latest financing actions, we’ll pace up our funding organically in each R&D and inorganically in exploring M&A alternatives to assist fast regional progress.”
About iClick Interactive Asia Group Restricted
iClick Interactive Asia Group Restricted (NASDAQ: ICLK) is an unbiased on-line advertising and marketing and enterprise information options supplier that connects worldwide entrepreneurs with audiences in China. Constructed on cutting-edge applied sciences, our proprietary platform possesses omni-channel advertising and marketing capabilities and fulfils numerous advertising and marketing aims in a data-driven and automatic method, serving to each worldwide and home entrepreneurs attain their goal audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is at present working in ten areas worldwide together with Asia and Europe.
For extra data, please go to ir.i-click.com.
Changyi (Shanghai) Data Expertise Co., Ltd. (“Changyi”) is a subsidiary of iClick Interactive Asia Group Restricted (NASDAQ: ICLK). It’s a designated unbiased software program vendor for Tencent’s Sensible Retail, and a service supplier for Tencent Cloud, Tencent’s Sensible Retail, WeCom, WeChat Pay, Tencent Reside and Mini Packages platforms. Based mostly on the WeChat ecosystem, Changyi offers enterprises with good retail options to serve high-net-worth customers, serving to construct connections with customers and offering information intelligence and tailor-made operation companies. Changyi helps manufacturers retain customers, handle social e-commerce site visitors, lock in tremendous customers, and understand progress from good retail. Within the six years since its basis, Changyi has expanded its shoppers worldwide together with quite a few tier-1 luxurious manufacturers in addition to famend manufacturers in retail and different sectors.
Secure Harbor Assertion
This announcement comprises forward-looking statements, together with these associated to the Firm’s enterprise methods, operations and monetary efficiency. These statements represent “forward-looking” statements inside the which means of Part 21E of the Securities Change Act of 1934, as amended, and as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology similar to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured” and comparable statements. Such statements are based mostly upon administration’s present expectations and present market and working circumstances and relate to occasions that contain recognized or unknown dangers, uncertainties and different elements, all of that are troublesome to foretell and plenty of of that are past the Firm’s management. Ahead-looking statements contain inherent dangers and uncertainties. Numerous elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the Firm’s fluctuations in progress; its success in implementing its cell and new retail methods, together with extending its options past its core on-line advertising and marketing enterprise; its success in structuring a CRM & Advertising and marketing Cloud platform; relative share of its gross billing acknowledged as income below the gross and internet fashions; its capability to retain present shoppers or entice new ones; its capability to retain content material distribution channels and negotiate favorable contractual phrases; market competitors, together with from unbiased on-line advertising and marketing know-how platforms in addition to massive and well-established web firms; market acceptance of on-line advertising and marketing know-how options and enterprise options; effectiveness of its algorithms and information engines; its capability to gather and use information from numerous sources; capability to combine and understand synergies from acquisitions, investments or strategic partnership; fluctuations in overseas alternate charges; and basic financial circumstances in China and different jurisdictions the place the Firm operates; and the regulatory panorama in China and different jurisdictions the place the Firm operates. Additional data relating to these and different dangers is included within the Firm’s annual report on Type 20-F and different filings with the SEC. All data offered on this press launch and within the attachments is as of the date of this press launch, and the Firm undertakes no obligation to replace any forward-looking assertion, besides as required below relevant legislation.
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SOURCE iClick Interactive Asia Group Restricted