Welcome to our dedicated page for Iclick Interacti news (Ticker: ICLK), a resource for investors and traders seeking the latest updates and insights on Iclick Interacti stock.
iClick Interactive Asia Group Limited (NASDAQ: ICLK) provides integrated marketing technology solutions through its innovative platform combining programmatic advertising with enterprise cloud services. This news hub offers investors and industry professionals centralized access to official corporate announcements and market developments.
Track comprehensive updates including earnings reports, strategic partnerships, product innovations, and operational milestones. Our curated collection features verified press releases and objective third-party analysis covering both Marketing Solutions (cross-channel advertising) and Enterprise Solutions (consumer lifecycle management).
Stay informed about ICLK's advancements in data-driven marketing technologies, including developments in AI-powered audience targeting and multi-platform campaign optimization tools. Regular updates provide insights into the company's positioning within China's digital advertising sector and global expansion initiatives.
Bookmark this page for streamlined access to essential updates about iClick's technological innovations, financial performance, and strategic direction. Check back regularly for authoritative information supporting informed analysis of this advertising technology leader.
iClick Interactive Asia Group (NASDAQ: ICLK) has announced its 2024 Annual General Meeting (AGM) scheduled for September 30, 2024, at 9:00 a.m. Hong Kong time (September 29, 2024, at 9:00 p.m. New York time). The AGM will be held in Hong Kong and will address several key proposals, including:
- Approval of the disposal of the company's demand side marketing solutions business in mainland China
- Ratification of the disposal of the enterprise solutions business in mainland China
- Approval and ratification of Mr. Winson Ip Wing Wai's appointment as an independent director
Only shareholders of record as of September 11, 2024 (New York Time) are eligible to vote at the AGM. The meeting notice and 2023 Annual Report are available on the company's Investor Relations website.
iClick Interactive Asia Group (NASDAQ: ICLK) has announced a definitive agreement to sell its demand side marketing solutions business in mainland China to SiAct Inc. for RMB1 million. This strategic move aims to scale down lower-margin and higher-risk businesses in the marketing solutions segment. The decision is driven by uncertainties in the macro-economic environment and a slowdown in the Chinese advertising market post-COVID-19.
The company will provide a RMB20 million loan to support the disposed business during the transition and has agreed to repay outstanding bank loans of approximately US$35.0 million. iClick will continue to operate its supply side marketing solutions in mainland China and its marketing and enterprise solutions in Hong Kong and overseas. The disposal is subject to shareholder approval at the annual general meeting on September 30, 2024.
iClick Interactive Asia Group (NASDAQ: ICLK) has announced the disposal of its mainland China enterprise solutions business. The company's subsidiary, Optimix Media Asia , will sell its entire equity stake in Tetris Media to BeihaiOne for US$80,000. This strategic move aims to optimize operations, enhance profitability, and realign business focus in response to market trends and demand in the SaaS sector.
The decision comes amid uncertain macroeconomic conditions and intense competition in the mainland China SaaS market, which have led to reduced segment margins and operating cash flows. iClick will continue to operate its enterprise solutions business in Hong Kong and its marketing solutions business in mainland China, Hong Kong, and overseas. The company expects this move to drive greater operational efficiency and enhance its financial performance.
iClick Interactive Asia Group (NASDAQ: ICLK) announced the appointment of Mr. Winson Ip Wing Wai as an independent director and the new chairperson of the audit committee, effective June 24, 2024. Mr. Ip brings over 20 years of experience in financial and operational management, compliance, ESG management, investment, M&A, investor relations, accounting, and auditing. He has held leadership positions in various companies, including Deewin Tianxia Co., and Sincere Watch. Mr. Matthew Fong, the former independent director and chairperson of the audit committee, resigned on the same date without any disagreement with the company. CEO Jian Tang highlighted Mr. Ip's extensive experience and its relevance to iClick's corporate goals.
iClick Interactive Asia Group (NASDAQ: ICLK) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (SEC) on June 20, 2024. The report includes the company's audited consolidated financial statements and can be accessed on the SEC's website and iClick's investor relations website.
iClick Interactive Asia Group (NASDAQ: ICLK) announced on May 22, 2024, that it received a deficiency notice from Nasdaq due to its failure to file the annual report for the year ending December 31, 2023, on time. The notice, dated May 17, 2024, states the company has 60 days to submit a compliance plan to Nasdaq. If approved, iClick could get an extension until November 11, 2024. If not, they can appeal the decision. Currently, the notice does not impact the listing or trading of iClick's securities, and the company is working to file the report promptly.
