iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, on Wednesday announced its entry into a credit facility of more than US$30 million (the “facility”) with HSBC. According to the update, the facility, arranged by HSBC’s GBA+ Technology Fund, will further strengthen iClick’s financial position and the execution of strategic initiatives in China’s Guangdong-Hong Kong-Macau Bay Area (“GBA”). iClick will use the proceeds to further propel its digital marketing business, develop its Enterprise Solutions and support general corporate purposes. “We are pleased to announce this facility, which is another tangible sign of the robust growth of iClick and a testament to our future prospects and the strength of our business model,” Jian “T.J.” Tang, CEO and co-founder of iClick, said in the news release. “The GBA has proved to offer tremendous opportunities to new economy companies in the region in recent years. The facility will improve our working capital that helps supercharge the growth of our core business, specifically across social and Key Opinion Leader-related channels, whilst allowing us to enhance our ability to provide value-added solutions to brands looking to expand into the Chinese market, especially as we remain fully committed to build out our enterprise solutions business. We are excited to have strong financial partners like HSBC as we continue to grow our pipeline.”
To view the full press release, visit http://nnw.fm/s6IRr
About iClick Interactive Asia Group Ltd.
iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, its proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and currently operates in ten locations worldwide, including in Asia and Europe. For more information, visit www.i-Click.com.
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