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GVMH Grand Vision Media Holdings Plc

1.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes

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Posted at 11/2/2019 16:27 by tomboyb
Grand Vision Media Statement re Strategic Partner in Japan
11/02/2019 4:17pm
UK Regulatory (RNS & others)


TIDMGVMH

London 11th February 2019

Grand Vision Media Holdings Plc

("GVMH" or the Company")

Announces New Strategic Partner in Japan

Grand Vision Media Holdings Plc (GVMH) is pleased to announce that it has
signed a partnership agreement with Rakuten Bank KK (Rakuten) in Japan.
Rakuten is one of the leading internet banking products and service provider
in Japan. Through this agreement, Rakuten will actively promote GVMH's
marketing services to its retail and hospitality customers seeking to capture a
bigger share of the Chinese tourist spending. Together with the WechatPay
services offered by Rakuten, GVMH can offer an integrated marketing and payment
solution to Japanese clients.

The services will initially cover the following:

1. Assisting overseas brands establish or enhance their Social Media presence
in China

2. Using GVMH's OOH capabilities to broadcast 3D videos of travel destinations
and organize off-line marketing events in cinemas in China to promote
Japanese products and services.

According to the Japan National Tourism Organisation, Chinese visitors were the
largest visitor group in 2018, with 8.4 million visitors, an increase of 13.9%
over 20171, 2.

Jonathan Lo, CEO, said "Tourism marketing will be one of our key revenue
drivers and core competencies as Chinese tourists now make up 21% of the total
tourism spending worldwide3. With Rakuten Bank as our partner, we are well
placed to increase our reach to potential advertisers in Japan, the top
destination for Chinese tourists. We have already started providing our
service to our first Japanese client, Narita Airport.

Our agreement with Rakuten Bank follows on from the recent agreement which we
signed with the CY Group in Korea. We shall continue to develop partnerships
in the other travel destinations frequented by Chinese travellers. "
Posted at 11/2/2019 16:25 by tomboyb
Excellent rns -

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