Accelerating overseas expansion by conducting sales in Thailand, the second largest market in Southeast Asia.
Geniee, Inc. (main office: Shinjuku, Tokyo, President and CEO: Tomoaki Kudo, hereinafter, Geniee) is excited to announce that we established a new subsidiary in Bangkok, Thailand (GENIEE ADTECHNOLOGY (THAILAND) CO., LTD.). The new subsidiary began operations today.
At Geniee, our mission is to “Ad-venture the Future”. As part of this mission, since 2012 we have focused on overseas business expansion. Thus far, we have established subsidiaries in Singapore, Vietnam, and Indonesia to promote services such as GenieeSSP and GenieeDSP to local companies in the rapidly growing markets of Southeast Asia.
Thailand is in the midst of a digital boom and has grown to become the second largest internet advertising market in Southeast Asia after Indonesia (approx. 300 billion yen of 2016*). In the past, we offered some services to companies in Thailand. Now, through this new local subsidiary and enhanced partnerships with local companies, we will begin full-fledged service provision.
2. Outline of new subsidiary
|Company name||GENIEE ADTECHNOLOGY (THAILAND) CO., LTD.|
|Location||Klongtoey District, Bangkok, Thailand|
|Executive Officers|| Representative director Tomoaki Kudo
Director Chin Keekuen
|Capital||3,000,000 baht (About 10 million yen)|
|Business|| Ad Technology Business
Provision of services such as GenieeSSP and GenieeDSP to local companies
|Establishment||August 21, 2017|