iClick Interactive (NASDAQ: ICLK) cofounder, chair and CEO Jian “T.J.” Tang has released a letter to its shareholders providing an update on the company’s recent business performance, outlook and strategies. Noting that the global pandemic continued to create uncertainties last year and China concept stocks faced severe challenges in the capital markets, iClick saw steady growth and continued to make progress towards long-term goals. Tang noted that the company’s Enterprise Solutions business in particular had experienced rapid growth. Reviewing 2021, Tang said that company had achieved a high degree of internal cohesion in terms of strategic direction, organizational structure and execution. iClick focused on talent development and corporate culture, and its product and business innovation contributed to the cultivation of a group of outstanding digital talent. The letter also outlined for shareholders the company’s plans for this year, including intentions to accelerate cross-selling and synergies between Marketing Solutions and Enterprise Solutions while implementing a sustainable long-term strategy that balances resource allocation between the businesses to ensure stability and sufficient investment for long-term growth. Tang stated that the management team will be paying close attention to developments in the U.S. capital market and looking for capital market opportunities to support iClick’s long-term development and the scaling up of its “SaaS+X” model to maximize shareholders’ value “iClick’s long-term strategy is to leverage the digitalization of China’s economy to help Chinese companies innovate through transforming their operations digitally,” wrote iClick Interactive cofounder, chair and CEO Jian “T.J.” Tang in the letter. “We have effectively implemented this strategy over the past three years as we accelerate the evolution of our SaaS product matrix. We have also continued to gain practical operational experience in establishing our ‘SaaS+X’ business model. Amidst China’s rapidly changing internet landscape, we believe that the digital transformation of Chinese enterprises and brands over the next three years will require integrated online and offline consumption scenarios that establish new growth paths beyond the centralized e-commerce business model.”
To view the full press release, visit https://ibn.fm/gAMjd
About iClick Interactive Asia Group Ltd.
iClick is a leading enterprise and marketing cloud platform in China. The company’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. 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. Headquartered in Hong Kong, iClick currently operates in 11 locations across Asia and Europe. For more information about the company, please visit www.iClick.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK
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