Charm Communications Explained

Charm Communications Inc.
Type:Public
Traded As:NASDAQ:
Industry:Advertising
Foundation:2008
Location:Beijing
Location Country:the People's Republic of China
Revenue:$168.75 million [1]
Defunct:2014
Fate:Unknown

Charm Communications Inc. (NASDAQ:) was the largest domestic television advertising company in China. It was incorporated in 2008 and is headquartered in Beijing.[2] [3] The company provides advertising agency services from planning and managing advertising campaigns. The company was listed as a public traded company in NASDAQ in 2010[3] and delisted in 2014.

Background

The company's television advertising media resources include its exclusive arrangement with four programs on CCTV, two satellite television channels, Shanghai, China Dragon TV and Tianjin, China Satellite TV, etc.[3] It also has an agreement with Beijing Gehua Cable Network to operate digital media advertising on its interactive high definition television (HDTV) digital cable platform.[4] The company operates its business through three segments including Media Investment Management, Advertising Agency, and Branding and Identity Services.[2] The targeted market is still positioned domestically with nine top clients who accounted for 18.1% ratio of the total revenue of the company in 2009. They are China Telecom, PICC, Agricultural Bank of China, China CITIC Bank, Snowbeer, Yunnan Baiyao, C-Bons, Wahaha Joint Venture Company and Midea. [5] In 2012, the company was named as CCTV's Top Advertising Agency for ninth consecutive year. [6]

Notes and References

  1. Web site: CHRM Key Statistics | Charm Communications Inc. Stock - Yahoo! Finance . Finance.yahoo.com . 2014-03-19.
  2. Web site: CHRM: Summary for Charm Communications Common Stock- Yahoo! Finance. Finance.yahoo.com . 2015-06-19.
  3. Web site: NASDAQ OMX Welcomes Charm Communications Inc. (CHRM), the Largest Domestic Television Advertising Agency in China, to The NASDAQ Stock Market. Ir.nasdaqomx.com. 2010-05-17. 2014-03-19. https://web.archive.org/web/20140319062038/http://ir.nasdaqomx.com/releasedetail.cfm?ReleaseID=470630. 2014-03-19. dead.
  4. Web site: Charm Communications Inc (ADR): NASDAQ:CHRM quotes. https://web.archive.org/web/20100814095812/http://www.google.com/finance?q=CHRM. dead. August 14, 2010. 2014-03-19.
  5. Web site: Stock:Charm Communications (CHRM) - Wikinvest. https://web.archive.org/web/20120306050225/http://www.wikinvest.com/stock/Charm_Communications_(CHRM). dead. March 6, 2012. Wikinvest.com . 2014-03-19.
  6. Web site: Charm Communications (CHRM) - Award. Thefreelibrary.com . 2012-02-27 . 2014-03-19.