Iclick Interacti Stock Price, News & Analysis

iClick Interactive Asia Group Limited (NASDAQ: ICLK) partners with French beauty brand L'OCCITANE to enhance travel retail experiences in China. Launching the WeChat mini-program "L'OCCITANE Travel Buddy", iClick's iSmartGo solution connects targeted travelers with duty-free stores. This program aims to boost cosmetics sales by offering engaging games, personalized product recommendations, and real-time store mapping. The collaboration highlights iClick's scalability and positions its O2O modules for growth in the APAC market, especially as international travel restrictions ease.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced on October 17, 2021, that its board received a non-binding offer from Infinity Equity Management to acquire all outstanding shares for US$7.50 per ADS. This is another unsolicited proposal following a prior offer from PAG Pegasus Fund LP and Oasis Management. The board cautioned shareholders that it has not yet evaluated the new offer and cannot guarantee that any transaction will occur. iClick aims to empower brands across the consumer lifecycle with its marketing cloud platform.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has partnered with CN Logistics International Holdings Limited to launch 'Vins Mall', a cross-border e-commerce marketplace specializing in wine sales via a WeChat applet. The initiative aims to leverage iClick's SaaS product and marketing solutions to enhance CN Logistics' revenue and customer acquisition strategies. The collaboration seeks to fulfill the demand for e-commerce in the food and beverage sector and may extend to other products in the future, enhancing market presence and customer access.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced that its cross-border smart retail solution, iSmartGo, has successfully assisted Tawasala in establishing a Chinese online retail presence. Leveraging iSmartGo's SaaS platform, Tawasala created a WeChat mini-program store, streamlining logistics and payment solutions between Thailand and China. This collaboration capitalizes on the rising demand for Thai products in China. iClick aims to replicate this success as it sees increased demand for cross-border e-commerce solutions.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced that its board received a non-binding proposal on September 23, 2021, from PAG Pegasus Fund LP and Oasis Management Company to acquire all outstanding shares of the company for US$6.75 per ADS. The funding is expected to come from equity and debt financing. The board is currently evaluating the proposal but cautions that no definitive offer or agreement has been made yet. The company remains focused on empowering brands with its marketing solutions while navigating potential market uncertainties.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced a successful partnership with Baozun to provide a robust private domain e-commerce solution for Chacheer Food Co Ltd, a prominent snack company in China. This collaboration utilizes iClick's Enterprise Solutions alongside Baozun's advanced technology, enhancing logistics and warehousing efficiencies. CEO Jian Tang highlighted this initiative as a key example of how their combined services can drive revenue growth and support other brands in China seeking digital transformation.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced an increase in its share repurchase program by US$10 million, raising the total authorization from US$15 million to US$25 million. The buyback is set to occur between December 30, 2020 and December 31, 2021. This move reflects the company's confidence in its long-term growth and commitment to enhancing shareholder value. The repurchase will be funded through existing cash balances and executed in compliance with legal requirements.

iClick Interactive Asia Group Limited (ICLK) reported record financial results for Q2 2021, with total revenue of US$78 million, a 34% increase from the prior year. Marketing Solutions revenue grew 22% to US$64.6 million, while Enterprise Solutions surged 160% to US$13.4 million. Gross profit increased 46% to US$24.3 million. The company also enhanced its share repurchase program to US$25 million. Despite the challenges posed by COVID-19, iClick remains optimistic regarding future growth prospects, forecasting Q3 revenue between US$65 million and US$75 million.