Sammy Hsieh, Co-founder and CEO of iClick Interactive Asia Group Limited (“iClick” or “the Company”) (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China Martech News, was recently invited by HSBC Commercial Banking Hong Kong to participate in their “GBA+ Technology Fund” video series to share his first-hand entrepreneurship experience and discuss the immense development potential that China’s Guangdong-Hong Kong-Macau Bay Area (Greater Bay Area, “GBA”) is set to offer new economy companies.
“I am honored to have been invited by Terence Chiu, Head of Commercial Banking, Hong Kong, HSBC to participate in the bank’s video series about its GBA+ Technology Fund. As a new economy company, iClick is glad to have the opportunity to inspire others by sharing our story and exploring the growth prospects in the GBA. We appreciate HSBC’s commitment to supporting innovation in the region through launching a dedicated lending fund that provides financial liquidity for companies, helping them to thrive across different markets,” said Hsieh.
The GBA, which comprises Hong Kong, Macau and nine municipalities in the southern province of Guangdong in China, has made notable efforts in recent years to develop itself as a global technology and innovation hub. In the video, Hsieh highlights the evolution of new economy companies’ funding needs, and notes that unlike many other financing solutions available to the sector, the GBA+ Technology Fund does not require any equity dilution and is therefore deemed favorable to the growth of technology companies in the GBA.
iClick was founded in Hong Kong from a zero base in 2009 and has developed into one of the largest independent marketing technology platforms in China, with over 800 million Chinese consumer datasets. The company now operates in various locations across the GBA, China and beyond, and was listed on Nasdaq in December 2017. Since 2018, iClick has extended its scope to provide enterprise solutions to sectors such as retail, education, transportation and real estate.
About iClick Interactive Asia Group Limited
iClick Interactive Asia Group Limited (NASDAQ:ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, its proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and currently operates in ten locations worldwide, including in Asia and Europe.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. 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: the Company’s fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favourable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; fluctuations in foreign exchange rates; and general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.