Oriented Media enters China's internet market
Published on: Tuesday, July 07, 2015
Kuala Lumpur: ACE market-listed company, Oriented Media Group Bhd, will venture into China's internet market via its unit, Fujian Accsoft Technology Development Co Ltd (FATD).FATD is wholly-owned by Hong Kong-based Oriented Media Holdings Ltd, which in turn, is wholly-owned by Oriented Media Group.In a statement here today, Oriented Media Group said FATD had received approval from the Chinese government to set up its business there. – Bernama
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It has to date signed e-commerce hosting services and operations managing services agreements with local sports apparel enterprises like KANGTA, RESOON, QIANDA and LIANMAO."We believe that FATD's development and growth will be steadfast and stable, given that the management and technical teams continue to strengthen," it said.Stay up-to-date by following Daily Express’s Telegram channel.
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After considering the challenging operations in Malaysia, Singapore and Hong Kong, Oriented Media Group will reduce its dependency on these countries by broadening existing business segments to the China market.To further explore business opportunities within the data industry in China, the company has appointed Zu Ghuhe as its Executive Director. – Bernama