BEIJING, Nov. 4, 2015 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), China's largest out-of-home digital television advertising network on mass transportation systems and the leading provider of urban mass transit Wi-Fi, today announced a strategic partnership (the "Partnership") with Chinese Academy of Sciences ("CAS") to collaborate on the data classification and data mining of VisionChina Media's urban mass transit Wi-Fi Internet service, "VIFI". With VIFI's large user base, the Partnership aims to analyze user behaviors and preferences to provide highly targeted services with better quality.
By targeting the public transportation market under the "Internet Plus" concept, VisionChina Media and CAS will establish a laboratory together to develop an integrated Big Data management platform and a mobile application and service system for public transportation passengers. The Partnership also allows the Company and CAS to build China's first research and transaction platform based on the Big Data collected from public transportation services.
Mr. Limin Li, VisionChina Media's Chairman and Chief Executive Officer commented, "The development of China's mass transit Wi-Fi market has entered into a new stage with the focus shifted to delivering highly targeted services to urban commuters based on their demand. Our strategic partnership on the mass transportation Big Data analysis and management provides us with significant resources and experience from CAS. Together with our strong research and development capabilities, we are optimistic regarding our future opportunities. We look forward to capitalizing on growth trends, while further strengthening our leading position in China's urban mass transit Wi-Fi market."
At the end of October 2015, VisionChina Media had secured exclusive concession rights for bus Wi-Fi services on approximately 80 thousand buses covering major tier one and tier two cities in China, and had launched Wi-Fi services on approximately 30 thousand buses with over 10 million registered users.
About VisionChina Media Inc.
VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home advertising network on mass transportation systems, including buses and subways. As of June 30, 2015, VisionChina Media's advertising network included approximately 98,504 digital television displays on mass transportation systems in 19 of China's economically prosperous cities, including Beijing, Guangzhou and Shenzhen, as secured by exclusive agency agreements or joint venture contract. VisionChina Media has the ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports, and other entertainment programming. For more information, please visit http://www.visionchina.cn.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, the quotations from management in this press release contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1 and its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
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SOURCE VisionChina Media Inc.