HONG KONG, March 4, 2020 /PRNewswire/ — iClick Interactive Asia Group Restricted (“iClick”) (NASDAQ: ICLK), an unbiased on-line advertising and enterprise information options supplier in China, immediately introduced that it has entered right into a credit score facility of greater than US$30 million (the “Facility”) with HSBC throughout working capital and normal company support.
The Facility, organized by HSBC’s GBA+ Expertise Fund, will additional strengthen iClick’s monetary place and the execution of strategic initiatives in China’s Guangdong-Hong Kong-Macau Bay Space (“GBA”). The proceeds from the Facility will probably be used to additional propel iClick’s digital advertising enterprise, develop iClick’s Enterprise Options, and help normal company functions.
“We’re happy to announce this Facility, which is one other tangible signal of the strong progress of iClick and a testomony to our future prospects and the energy of our enterprise mannequin,” mentioned Jian “T.J.” Tang, Chief Government Officer and Co-Founding father of iClick. “The GBA has proved to supply large alternatives to new financial system firms within the area in recent times. The Facility will enhance our working capital that helps supercharge the expansion of our core enterprise, particularly throughout social and Key Opinion Chief-related channels, while permitting us to boost our skill to supply value-added options to manufacturers trying to increase into the Chinese language market, particularly as we stay absolutely dedicated to construct out our enterprise options enterprise. We’re excited to have sturdy monetary companions like HSBC as we proceed to develop our pipeline.”
iClick was featured within the “GBA+ Technology Fund” video collection launched by HSBC Industrial Banking, wherein Sammy Hsieh, Co-founder and Chairman of the Board of iClick, participated and mentioned the numerous improvement potential that China is providing new financial system firms. The GBA is China’s landmark initiative to develop the 9 cities of Guangdong’s Pearl River Delta, Hong Kong and Macau into an built-in financial system and world-class enterprise hub.
iClick was based in Hong Kong in 2009 and has developed into one of many largest unbiased advertising know-how platforms in China, with over 800 million Chinese language shopper datasets. The corporate now operates a lot of areas within the GBA and throughout China, in addition to overseas, and was listed on Nasdaq in December 2017. Starting in 2018, iClick prolonged its scope to supply enterprise options to a number of sectors corresponding to retail, schooling, transportation and actual property, simply to call just a few.
About iClick Interactive Asia Group Restricted
iClick Interactive Asia Group Restricted (NASDAQ: ICLK) is an unbiased on-line advertising and enterprise information options supplier that connects worldwide entrepreneurs with audiences in China. Constructed on cutting-edge applied sciences, its proprietary platform possesses omni-channel advertising capabilities and fulfills varied advertising 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 presently operates in ten areas worldwide, together with in Asia and Europe.
Secure Harbor Assertion
This announcement comprises forward-looking statements. These statements represent “forward-looking” statements inside the that means of Part 21E of the Securities Trade Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology corresponding 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 components, 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. Quite a few components 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 cellular and new retail methods, together with extending its options past its core on-line advertising enterprise; its success in structuring a CRM & Advertising and marketing Cloud platform; relative proportion of its gross billing acknowledged as income below the gross and web fashions; its skill to retain current purchasers or appeal to new ones; its skill to retain content material distribution channels and negotiate beneficial contractual phrases; market competitors, together with from unbiased on-line advertising know-how platforms in addition to massive and well-established web firms; market acceptance of on-line advertising know-how options and enterprise options; effectiveness of its algorithms and information engines; its skill to gather and use information from varied sources; skill to combine and understand synergies from acquisitions, investments or strategic partnership; fluctuations in international change charges; and normal 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 concerning these and different dangers is included within the Firm’s annual report on Kind 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 regulation.
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