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Grand Vision Media Holdings #GVMH signs partnership agreement with Rakuten Bank KK (Rakuten) 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. ”

1              Japan National Tourism Organisation – Breakdown of Country/Area

https://statistics.jnto.go.jp/en/graph/#graph–latest–figures

2              Nikkei Asian Review, September 29 2018

(https://asia.nikkei.com/Economy/China-s-7m-Golden-Week-shoppers-head-to-Japan-Thailand-and-Korea)

3              Hospitality Net, 16 May 2018

(https://www.hospitalitynet.org/performance/4088453.html)

**ENDS**

For further information, photos and enquiries please contact:

Grand Vision Media Holdings plc Jonathan Lo / Ajay Rajpal
info@gvmh.co.uk
Tel: +44 (0) 20 7866 2145
Alfred Henry Corporate Finance Ltd Nick Michaels / Jon Isaacs
enquiries@alfredhenry.com
Tel: +44 (0) 20 3772 0021
Alexander David Securities Ltd David Scott
david.scott@ad-securities.comJames Dewhurst
james.dewhurst@ad-securities.com
Tel: +44 (0) 20 7448 9820
PEIR Siu Fun Hui
ir@peir.info
Tel: +44 (0) 7730 051867

Notes to Editors

Grand Vision Media Group is an integrated out-door digital media company deploying innovative display and marketing technologies at strategic, high-traffic locations.  Its glasses-free 3D technology in digital out-of-home (OOH) media is enabling advertisers to engage with affluent consumers in important and growing markets such as China and elsewhere around the world.

The company deploys glasses-free 3D technology in cinemas to take advantage of the growth in audiences in China in terms of box office, number of cinemas and number of viewers.  In addition to traditional advertising revenue, we set out to monetise the benefits generated by user interaction with 3D panels by targeted social media advertising and, also by profit sharing from transactions.

In June 2018 the Company listed on The London Stock Exchange helping it to attract further investment to build out our business within China itself; the company’s current footprint in China represents less than 5% of the market there.

The digital signage market globally is expected to reach almost $30bn by 2024, compared to approximately $15bn in 2015.  We believe that this growth will be driven not only by new, higher resolution displays and new types of technology, but also by integrating digital displays with customers’ smart phones.

Company web site: www.gvmh.co.uk

Rakuten Bank, Ltd. provides Internet banking products and services in Japan.  It offers electronic financial settlement services.

Rakuten Bank, Ltd. was formerly known as eBANK Corporation and changed its name to Rakuten Bank, Ltd. in May 2010.  The company was founded in 2000 and is based in Tokyo, Japan.  It has operations in Grand Cayman, the British West Indies. As of February, 2009 Rakuten Bank, Ltd. operates as a subsidiary of Rakuten, Inc.

Grand Vision Media Holdings #GVMH Announces the Appointment of a Strategic Partner in Korea

Grand Vision Media Holdings Plc today announces the appointment of a strategic partner in Korea.  GVMH has signed a strategic alliance agreement with CY Group in Korea.  CY Group is a privately held conglomerate with business interests in retail, cosmetics and marketing.

CY Group will introduce Korean advertisers to GVMH’s marketing services including GVMH’s cinema OOH network and its digital marketing solutions.  These services will be of particular interest to Korea’s tourism and retail sectors, which are keen to capture a bigger portion of tourist spending.  Korea has always been among the top travel destinations for Chinese tourists.  In 2018, number of visits by Chinese tourists increased by 15% to 4.8 million, representing 31.2% of total foreign tourist visits to the country1.

In addition, through the introduction by CY Group, GVMH is working with CJ CGV Cinemas to do a pilot project implementing GVMH’s cinema-centric marketing model in Korea.  GVMH will be installing glasses-free 3D advertising panels in several selected cinemas in Seoul to attract local advertisers.  CJ CGV is the largest multiplex cinema chain in Korea.  It currently operates at 463 locations internationally, including 151 locations in Korea2.

Jonathan Lo, CEO, said “GVMH continues its overseas expansion to capture a bigger share of Chinese outbound tourism marketing. With this new alliance, we are well placed to benefit by increasing our presence in Korea, one of the main tourist destinations for the Chinese.  We are continuing to develop our business in line with our strategy of working with local partners to reach new advertisers.  The pilot project with CJ CGV cinemas is also a significant milestone.  It means our business model of cinema-centric marketing and use of innovative visual technologies has universal appeal.”

1. The Korea Bizwire, January 23 2019 (http://koreabizwire.com/number-of-foreign-tourists-to-s-korea-up-15-pct-in-2018/131016)

2. Variety, 10 July 2018 (https://variety.com/2018/film/asia/korea-cj-cgv-seeks-10000-screens-worldwide-by-2020-1202870154/)

**ENDS**

For further information, photos and enquiries please contact:

Grand Vision Media Holdings plc Jonathan Lo / Ajay Rajpal
info@gvmh.co.uk
Tel: +44 (0) 20 7866 2145
Alfred Henry Corporate Finance Ltd, Corporate Advisor Nick Michaels / Jon Isaacs
enquiries@alfredhenry.com
Tel: +44 (0) 20 3772 0021
Alexander David Securities Ltd, Broker David Scott
david.scott@ad-securities.comJames Dewhurst
james.dewhurst@ad-securities.com
Tel: +44 (0) 20 7448 9820
Keene Communications, Public Relations Alex Glover
alex@keenecomms.com
Tel: +44 (0) 7887 610335

Company web site: www.gvmh.co.uk

About GVMH

Grand Vision Media Holdings Plc is an integrated out-door digital media company deploying innovative display and marketing technologies at strategic, high-traffic locations. Its glasses-free 3D technology in digital out-of-home (OOH) media is enabling advertisers to engage with affluent consumers in important and growing markets such as China and elsewhere around the world.

The company deploys glasses-free 3D technology in cinemas to take advantage of the growth in audiences in China in terms of box office, number of cinemas and number of viewers. In addition to traditional advertising revenue, we set out to monetise the benefits generated by user interaction with 3D panels by targeted social media advertising and, also by profit sharing from transactions.

In June 2018 the Company listed on The London Stock Exchange helping it to attract further investment to build out our business within China itself; the company’s current footprint in China represents less than 5% of the market there.

The digital signage market globally is expected to reach almost $30bn by 2024, compared to approximately $15bn in 2015. We believe that this growth will be driven not only by new, higher resolution displays and new types of technology, but also by integrating digital displays with customers’ smart phones.

Company web site: www.gvmh.co.uk

CY Group is a South Korean conglomerate holding company headquartered in Seoul.  It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, entertainment and media, home shopping and logistics.

CJ CGV is the largest multiplex cinema chain in South Korea with branches in China, Indonesia, Myanmar, Turkey, Vietnam and the US.  It operates 3,412 screens at 455 locations in seven countries including 1,111 screens at 149 locations in South Korea.  CJ CGV introduced the first multiplex theatres in South Korea, and the company has been developing what it calls “cultureplex”, a space where eateries, performance halls, shops and multiplex theatres come together to provide a richer cultural experience to consumers, CGV Cheongdam Cine City, which opened in 2011 being an example.  CJ CGV listed on the Korean Stock Exchange in December 2004.   It is the first listed theatre chain in Korea.

Grand Vision Media Holdings #GVMH – TS Capital initiates coverage with Speculative Buy.

#GVMH Grand Vision Media Holdings – TS Capital initiates coverage with a Speculative Buy rating #OOH #3DOOH

View Full Research Note here TSC_InitiatesCoverage_GVMH_11Jan19

Grand Vision Media Holdings #GVMH – new contract with Chinese Cinema Partner

Grand Vision Media Holdings Plc today announces a contract with Dadi Cinema Group (“Dadi”) in China, whereby GVMH will install its 3D panels in 22 new cinema locations in the Dadi network with installation work starting immediately.   Dadi currently operates over 470 cinemas across China.

This represents the first collaboration between the two parties.   GVMH plans to roll out to additional Dadi locations after this initial installation programme.   In addition, GVMH has also secured the rights to cover all their advertising assets across Dadi’s 400+ cinemas with immediate effect.   This will include video advertising on the mega video walls in cinema foyers as well as the right to organize off-line events in the foyers.

GVMH CEO Jonathan Lo said: “We are delighted to have come to this agreement with Dadi as it provides us with the opportunity to take our advertising clients into Dadi’s popular cinemas in key locations across China.   The agreement also allows us to expand our advertising products to mega video walls and across a broader geographic coverage, thus offering our customers more options to best meet their marketing goals.“

**ENDS**

For further information, photos and enquiries please contact:

Grand Vision Media Holdings plc Jonathan Lo / Ajay Rajpal
info@gvmh.co.uk
Tel: +44 (0) 20 7866 2145
Alfred Henry Corporate Finance Ltd, Corporate Advisor Nick Michaels / Jon Isaacs
enquiries@alfredhenry.com
Tel: +44 (0) 20 3772 0021
Alexander David Securities Ltd, Broker David Scott
david.scott@ad-securities.comJames Dewhurst
james.dewhurst@ad-securities.com
Tel: +44 (0) 20 7448 9820
Keene Communications, Public Relations Alex Glover
alex@keenecomms.com
Tel: +44 (0) 7887 610335

Company web site: www.gvmh.co.uk

About GVMH

As an integrated outdoor digital media company, GVMH is deploying innovative display and marketing technologies at strategic, high-traffic locations.   Our glasses-free 3D technology in digital OOH (Out-of-Home) media is enabling advertisers to engage with affluent consumers in important and growing markets.   Our “space management” approach utilising the cinema space for events and exhibitions offers a total solution for our advertisers, with the potential of direct conversion to sales.

Our network is now spread over 180 locations covering 29 provinces in China and we are growing our business further within China and taking our technologies and expertise to new markets, specifically Thailand, Korea and Japan, where we have forged alliances and representations to take our business forward.

The digital OOH signage market is growing, and will continue to grow in the foreseeable future, and we want to be at the forefront of that growth by providing our customers with the ability to reach Chinese consumers as they become more affluent and seek access to more quality domestic and international products and services.

Two significant trends that are benefitting our growth are the Chinese appetite for foreign products and travel.  GVMH is well positioned to take advantage of this trend as it acquires international brands and travel destinations as direct customers. 

According to a report by Market Research Future (MRFR), the global digital signage market is estimated to be USD 26.3 billion by 2022.   The market is predicted to expand at 6 % CAGR during the assessment period (2016-2022)*.

*Global Digital Signage Market Research Report – Forecast to 2022

(https://www.marketresearchfuture.com/reports/digital-signage-market-1102)

About Dadi Cinema Group

Dadi Cinema Group (Dadi) is a wholly-owned subsidiary of Dadi Media, established in 2006 and is responsible for cinema management and operation.

Dadi is dedicated to enhancing the viewing experience through the application of high-quality projection technology.  

In 2015, Dadi was the first in the China film industry to introduce “Movie +”, to create an experiential cinema ecosystem such as “Movie + Creative Internet”, “Movie + Creative Retail”, “Movie + Creative Catering”.   In 2017, “Movie + Innovative Culture” was added to the “Movie +” strategy to upgrade the film screening zone into an interactive cultural and entertainment hub.

Dadi continues to innovate the cinema ecosystem, adding different business modes, to provide audiences with diversified services, and integrate movie culture into mass consumption.

At 30 June 2018, Dadi had an aggregate of 476 cinemas with 2,863 screens, operating in 29 provinces and 179 cities in China.   In addition, there are over 300 cinemas contracted but not yet in operation.  

In 2017, Dadi achieved total box office revenue of RMB 2,841 million (c.£325 million), ranking second among cinema investment and management companies in China.

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