LAS VEGAS, March 30, 2016 /PRNewswire/ -- Remark Media (NASDAQ: MARK), a global digital media technology company, announced the much anticipated release of its KanKan app 2.0 and KanKan Data Intelligence Platform 1.0.
The KanKan Data Intelligence Platform is on its way to building one of the largest and most comprehensive social, travel and Online-to-Offline (O2O) content platforms. Over the course of the last 21 months, KanKan has been gathering, analyzing, and organizing major social media, travel and O2O business content globally. This has resulted in a growing global platform of over 1.3 billion socially active user profiles, over 15 billion posts, more than 10 billion images, and over 50 billion comments and reviews. KanKan's data mining technology provides the opportunity to capture multi-level information for any consumer database, with opportunities to enable better targeted advertising to a larger consumer base.
Due to the success of the technology platform, KanKan has expanded its relationship with Alibaba, China's largest e-commerce platform, to include a data integration partnership. This partnership provides KanKan access to the 400 million buyers worldwide that conduct their transactions through Alibaba annually. Already one of Alibaba Cloud Services' largest customers, the expanded partnership will also include a dedicated internet gateway to China for Kankan, which bypasses China's government-imposed Great Firewall. Currently, Facebook, Twitter, Instagram, and many other platforms are blocked in China.
Kankan 2.0 is a lifestyle mobile application that offers personalized, relevant, real-time and multi-cultural social events from all over the world. Backed by its proprietary social media data platforms, Kankan not only provides users a vivid experience of their local and world events, but also makes recommendations on improving their daily life as it relates diet, fitness, and travel.
Kai-Shing Tao, Remark Media Chairman and CEO, stated, "Kankan is shaping itself into the most powerful sources of search and local discovery. In addition to representing one of the largest, one-of-a-kind social media data applications, KanKan's Data Intelligence Platform represents a large growth opportunity for Remark Media as we pursue relationships with advertisers and retailers who can benefit from KanKan's unique capabilities. In addition, KanKan's data provides us with a significant advantage in enhancing user engagement and brand awareness across all of our digital media properties on a global basis. Having opened up an office in Alibaba's worldwide headquarters located in Hangzhou, China, we are excited to build upon our partnership to include the integration of as access to its large volume of consumer data."
The KanKan app can be downloaded at: http://appstore.com/remarkmediainc.
About Remark Media, Inc.
Remark Media, Inc. (NASDAQ: MARK) owns, operates and acquires innovative digital media properties across multiple verticals that deliver culturally relevant, dynamic content that attracts and engages users on a global scale. The company leverages its unique digital media assets to target the Millennial demographic, which provides it with access to fast-growing, lucrative markets. The company is headquartered in Las Vegas, Nevada, with additional operations in Beijing and Chengdu, China. For more information, please visit the Company's website at www.remarkmedia.com.
This press release contains "forward-looking statements," as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be in the future tense, and often include words such as "anticipate", "expect", "project", "believe", "plan", "estimate", "intend", "will" and "may". These statements are based on current expectations, but are subject to certain risks and uncertainties, many of which are difficult to predict and are beyond the control of Remark Media. Relevant risks and uncertainties include those referenced in Remark Media's filings with the SEC, and include but are not limited to: its losses and need to raise capital; its ability to procure content and monetize audiences; recent and future changes in technology, services and standards; a disruption or failure of its or its vendors' network and information systems or other technology relied on by Remark Media; changes in consumer behavior, including changes in spending behavior and changes in when, where and how content is consumed; the popularity of its products and services; changes in its plans, initiatives and strategies, and consumer acceptance thereof; competitive pressures, including as a result of user fragmentation and changes in technology; changes in advertising market conditions or advertising expenditures due to, among other things, economic conditions, changes in consumer behavior, pressure from public interest groups, changes in laws and regulations and other societal or political developments; piracy and Remark Media's ability to exploit and protect its intellectual property rights in and to its content and other products; restrictions on intellectual property under agreements with third parties; challenges inherent in developing an online business; reliance on key personnel; risks of business in foreign countries, notably China and Brazil, including obtaining regulatory approvals and adjusting to changing political and economic policies; governmental laws and regulations, including unclear and changing laws and regulations related to the Internet sector in foreign countries, especially China; general industry conditions and 3362408-1 competition; and general economic conditions, such as advertising rate, interest rate and currency exchange rate fluctuations. These risks and uncertainties could cause the company's actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. Remark Media assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.
Remark Media, Inc.
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Investor Relations Contact:
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SOURCE Remark Media, Inc.