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:
-
Assisting overseas brands establish or enhance their Social
Media presence in China
-
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.com
James 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.
Company web site: https://global.rakuten.com/corp/about/