Remark Media Partners with Alibaba Cloud to Launch Enterprise Data Services Solution

LAS VEGAS, Jan. 23, 2017 /PRNewswire/ -- Remark Media, Inc. (NASDAQ: MARK), a global digital media technology company, announced it has partnered with Alibaba Cloud to provide customers with a new business-to-business (B2B) data solution. Available now, the Enterprise Data Services Solution includes data on tens of millions of businesses in China. It offers real-time risk insights; enterprise development analysis; investor, partner and customer targeting; customized data packages; and more.

Kai-Shing Tao, Remark Media's Chairman and CEO, stated: "Being chosen by Alibaba Cloud to power its Enterprise Data Services Solution further demonstrates the value of our comprehensive KanKan Data Intelligence Platform and underscores our significant monetization opportunity. Among this solution's attributes is its ability to assess and warn against possible online investment fraud, which is currently one of the most prevalent business concerns in China as evidenced by the recent $7.6 billion Ezubao investigation. We believe this is just the beginning for our KanKan platform as our significant data resources and technology expertise represent a tremendous opportunity for additional partnerships with some of the world's largest companies."

The Enterprise Data Services Solution offers enterprise customers a series of customizable and flexible solutions to many previously unaddressed business challenges. It offers enterprise customers three major advantages.

1. Provides access to its massive suite of data analytics, enabling customers to analyze potential partnerships, investors and competitors throughout their respective industries.
2. Offers extensive quantitative analysis capabilities to determine characterizations such as the strength of relationships, the depth of cooperation, the degree of coincidence among other members of their network, the market share of competing products, the dependency of upstream and downstream industry chains, and more.
3. Analyzes and provides assessments and an early warning module pertaining to multiple business risks including product reputation, lawsuits, ownership changes, investments, hidden debt, and more.

The Enterprise Data Services Solution also offers innovative graphics that make the data analytics more visual and dynamic. Additional information on this product offering can be found on Alibaba Cloud's website.

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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 Los Angeles, California and in Beijing, Shanghai, Hangzhou and Chengdu, China. For more information, please visit the company's website at www.remarkmedia.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 Media's Annual Report on Form 10-K and Remark Media's other filings with the SEC. Any forward-looking statements reflect Remark Media's 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 Media's estimates and assumptions only as of the date hereof.  Except as required by law, Remark Media 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.

Investor Contact:  
Douglas Osrow  
Remark Media, Inc.  
[email protected]  
702-701-9514 ext. 3025

Investor Relations Contact:  
Becky Herrick/ Kirsten Chapman  
LHA Investor Relations  
[email protected]   
415-433-3777

SOURCE Remark Media, Inc.

Related Links

http://www.remarkmedia.com