LAS VEGAS, Feb. 2, 2021 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence ("AI") solutions and
digital media properties, today announced that one of the largest
commercial banks in China chose
KanKan AI to upgrade 150 branches servicing approximately 1.8
million banking customers in the Sichuan
Province. KanKan AI will install its recently released
Digital Marketing Platform ("DMP") along with customized
operational solutions and various supportive services. The DMP
provides private-domain traffic operational tools to integrate
customer data from existing WeChat accounts, mini-apps (apps that
can be accessed without downloading), and each branch's customer
accounts. Using KanKan AI's computer vision technology, DMP
generates a private-domain traffic pool, with which branches can
unify the management and release of marketing content, conduct
precision marketing delivery based on customer grouping, and carry
out marketing efficiency tracking analysis.
KanKan AI to upgrade 150 branches servicing approximately 1.8
million banking customers in the Sichuan
Province
"With the ongoing COVID-19 pandemic, commercial banks and
financial institutions have ceased most of their offline marketing
activities. Branch managers have realized the pressing need to
integrate omnichannel marketing strategies and provide a unified
intelligent marketing platform," noted Kai-Shing Tao, Chairman and Chief Executive
Officer of Remark Holdings. "The DMP, which includes the Smart
Customer Retail Platform previously installed at various
branches, is a more comprehensive intelligent
solution that can be customized to meet each branch's
marketing goals by personalizing services for each customer."
In the first half of 2021, KanKan AI will continue its product
implementation on the bank's DMP system and target four other major
banks across five provinces in Southwest
China. Additional information regarding KanKan AI and its
other innovative solutions can be found on its website
(https://www.kankanai.com.cn/en/)
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that enable businesses and organizations to
solve problems, reduce risk and deliver positive outcomes. The
company's easy-to-install AI products are being rolled out in a
wide range of applications within the retail, financial, public
safety and workplace arenas. The company also owns and operates an
e-commerce digital media property focused on a luxury beach
lifestyle. The company is headquartered in Las Vegas, Nevada, with additional operations
in Los Angeles, California and in
Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website (www.remarkholdings.com).
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements, which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events or
otherwise.
Company Contacts
E. Brian Harvey
Senior Vice President of Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+86) 13702108000
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SOURCE Remark Holdings, Inc.