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iClick Interactive Asia Group Limited Announces Closing of Disposal of Its Mainland China Enterprise Solutions Business

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iClick Interactive Asia Group (NASDAQ: ICLK) has successfully closed the disposal of its enterprise solutions business in mainland China, as announced on July 19, 2024. This strategic move is part of the company's ongoing efforts to optimize operations, enhance profitability, and realign its business focus to better respond to market trends and create shareholder value.

As a leading marketing cloud platform in China, iClick provides full-stack consumer lifecycle solutions to global brands. The completion of this disposal marks a significant step in the company's strategic restructuring, potentially allowing for a more streamlined focus on its core marketing technology services.

iClick Interactive Asia Group (NASDAQ: ICLK) ha chiuso con successo la cessione della sua attività di soluzioni aziendali nella Cina continentale, come annunciato il 19 luglio 2024. Questa mossa strategica fa parte degli sforzi continui dell'azienda per ottimizzare le operazioni, migliorare la redditività e riallineare il proprio focus commerciale per rispondere meglio alle tendenze di mercato e creare valore per gli azionisti.

Come piattaforma di marketing cloud leader in Cina, iClick offre soluzioni complete per il ciclo di vita dei consumatori ai marchi globali. Il completamento di questa cessione segna un passo significativo nella ristrutturazione strategica dell'azienda, permettendo potenzialmente un focus più snello sui suoi servizi core di tecnologia marketing.

iClick Interactive Asia Group (NASDAQ: ICLK) ha cerrado con éxito la disposición de su negocio de soluciones empresariales en la China continental, como se anunció el 19 de julio de 2024. Este movimiento estratégico es parte de los esfuerzos continuos de la compañía para optimizar operaciones, mejorar la rentabilidad y realinear su enfoque comercial para responder mejor a las tendencias del mercado y crear valor para los accionistas.

Como una plataforma de nube de marketing líder en China, iClick proporciona soluciones de ciclo de vida del consumidor de pila completa a marcas globales. La finalización de esta disposición marca un paso significativo en la reestructuración estratégica de la empresa, lo que potencialmente permite un enfoque más ágil en sus servicios centrales de tecnología de marketing.

iClick Interactive Asia Group (NASDAQ: ICLK)는 2024년 7월 19일 발표된 바와 같이 중국 본토의 기업 솔루션 사업 매각을 성공적으로 마무리했습니다. 이 전략적 조치는 회사의 운영 최적화, 수익성 향상 및 비즈니스 초점 재조정을 위한 지속적인 노력의 일환으로, 시장 동향에 더 잘 대응하고 주주 가치를 창출하기 위한 것입니다.

중국의 주요 마케팅 클라우드 플랫폼인 iClick은 글로벌 브랜드에 전체 소비자 라이프사이클 솔루션을 제공합니다. 이 매각 완료는 회사의 전략적 재구성에서 중요한 단계를 의미하며, 핵심 마케팅 기술 서비스에 보다 간소화된 초점을 둘 수 있는 잠재력을 제공합니다.

iClick Interactive Asia Group (NASDAQ: ICLK) a réussi à finaliser la cession de son activité de solutions d'entreprise en Chine continentale, comme annoncé le 19 juillet 2024. Ce mouvement stratégique fait partie des efforts continus de l'entreprise pour optimiser ses opérations, améliorer sa rentabilité et réaligner son axe commercial, afin de mieux répondre aux tendances du marché et de créer de la valeur pour les actionnaires.

En tant que plateforme de marketing cloud leader en Chine, iClick fournit des solutions complètes pour le cycle de vie des consommateurs aux marques mondiales. L'achèvement de cette cession marque une étape importante dans la restructuration stratégique de l'entreprise, permettant potentiellement de se concentrer davantage sur ses services technologiques marketing de base.

iClick Interactive Asia Group (NASDAQ: ICLK) hat erfolgreich den Verkauf ihres Unternehmenslösungen-Geschäfts in Festlandchina abgeschlossen, wie am 19. Juli 2024 angekündigt. Dieser strategische Schritt ist Teil der fortlaufenden Bemühungen des Unternehmens, die Abläufe zu optimieren, die Rentabilität zu steigern und den Geschäftsfokus neu auszurichten, um besser auf Markttrends zu reagieren und den Aktionärswert zu erhöhen.

Als führende Marketing-Cloud-Plattform in China bietet iClick umfassende Lösungen für den gesamten Verbraucherlebenszyklus für globale Marken an. Der Abschluss dieser Veräußering stellt einen bedeutenden Schritt im strategischen Umbau des Unternehmens dar und ermöglicht potenziell einen gestrafften Fokus auf seine Kern-Dienstleistungen im Bereich Marketingtechnologie.

Positive
  • Successful closure of the disposal of mainland China enterprise solutions business
  • Strategic move to optimize operations and enhance profitability
  • Potential for improved focus on core marketing cloud platform services
Negative
  • Reduction in business diversification with the disposal of enterprise solutions segment

Insights

The disposal of iClick's mainland China enterprise solutions business marks a significant strategic shift for the company. This move is likely aimed at streamlining operations and improving financial performance. By divesting a potentially underperforming or non-core segment, iClick may be able to reduce costs and focus resources on its more profitable marketing cloud platform.

However, investors should consider the potential impact on revenue streams. The enterprise solutions business might have contributed a substantial portion to iClick's overall revenue. Without specific financial details, it's challenging to quantify the immediate effect on the company's bottom line. The success of this strategy will depend on how effectively iClick can grow its remaining business segments to offset any revenue loss.

The company's statement about optimizing operations and enhancing profitability suggests a focus on improving margins and operational efficiency. This could lead to improved financial health in the long term, but may result in short-term volatility as the company adjusts to its new structure.

HONG KONG, Sept. 23, 2024 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), a renowned marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that it has closed its previously announced disposal of its enterprise solutions business in mainland China in accordance with the terms and conditions of the share purchase agreement dated July 19, 2024.

The Company is continuing to optimize its operations, enhance profitability, and realign the business focus to meet market trends and drive shareholder value.

About iClick Interactive Asia Group Limited

Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned marketing cloud platform in China. With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle.

Safe Harbor Statement

This press release contains forward-looking statements, including those related to the Company's business strategies, operations and financial performance. 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. All information provided in this press release is current 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. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For investor and media inquiries, please contact:

In China: 

In the United States:

iClick Interactive Asia Group Limited    

Core IR

Catherine Chau 

Tom Caden

Phone: +852 3700 9100

Phone: +1-516-222-2560

E-mail: ir@i-click.com 

E-mail: tomc@coreir.com 

 

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SOURCE iClick Interactive Asia Group Limited

FAQ

What business segment did iClick Interactive Asia Group (ICLK) recently dispose of?

iClick Interactive Asia Group (ICLK) recently disposed of its enterprise solutions business in mainland China.

When did iClick Interactive Asia Group (ICLK) announce the closure of its business disposal?

iClick Interactive Asia Group (ICLK) announced the closure of its business disposal on September 23, 2024.

What are the main objectives of iClick Interactive Asia Group (ICLK) in disposing of its mainland China enterprise solutions business?

The main objectives are to optimize operations, enhance profitability, realign business focus to meet market trends, and drive shareholder value.

When was the share purchase agreement for iClick Interactive Asia Group 's (ICLK) business disposal signed?

The share purchase agreement for iClick Interactive Asia Group 's (ICLK) business disposal was signed on July 19, 2024.

iClick Interactive Asia Group Limited

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