TOM Group
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TOM Group Limited ({{sehk|2383}}) is a technology and Media listed on the Main Board of the Stock Exchange of Hong Kong. TOM Group's technology platform and investment-related businesses encompass Mobile Internet, E-Commerce, Fintech and Advanced Data Analytics sectors. In addition, its media operations include publishing and advertising. Headquartered in Hong Kong, the Group has regional headquarters in Beijing and Taipei. TOM Group is a member of CK Hutchison Holdings Limited.
History
The TOM Group was founded in October 1999 as a joint venture between Cheung Kong–Hutchison Group, Solina Chau and other investors. In March 2000, it was listed on the Growth Enterprise Market (ticker symbol: 8001). The Group has subsequently transferred its listing to the Main Board of the Stock Exchange of Hong Kong (ticker symbol: 2383).
Operations
Technology
In 2007, TOM Group's publishing arm, Cite Media stepped into digitalization by riding on the established social networking site, Pixnet.{{ cite web|title=Taiwan market: Tom Group subsidiary to invest in Pixnet photo/blogging site |url=https://www.digitimes.com/news/a20070314PD200.html|website=digitimes.com|access-date=March 14, 2007|date=March 14, 2007}} Pixnet is the largest user-generated content platform in Taiwan, focusing on sharing information on food, travel, beauty & style, 3C, and movies.
In June 2014, TOM group also invested in a Hong Kong fintech player, WeLab, which is a company that operates online lending platforms in Hong Kong, China and Indonesia.{{cite web|last1=Dorbian|first1=Iris|title=Sequoia Capital and TOM Group invest in WeLab|url=https://www.pehub.com/2014/06/sequoia-capital-and-tom-group-back-welab/|website=pehub.com|accessdate=March 4, 2018|date=June 16, 2014}}
In March 2020, TOM Group invested in MioTech.{{cite web|title= TOM Group signs investment deal with AI platform MioTech|url=https://global.chinadaily.com.cn/a/202011/09/WS5fa8f6b4a31024ad0ba86d50.htm|accessdate=November 9, 2020|date=November 9, 2020}} MioTech leverages artificial intelligence and big data technologies to tackle sustainability and social responsibility challenges facing financial institutions, corporations, and individuals, such as climate change, carbon emission reduction and corporate governance.
Publishing
TOM Group publishing arm has developed into a publishing platform in Greater China. In Taiwan, a total of 40 publishers are consolidated under Cite Publishing Holding Group. Over 60 magazine titles with annual printing volume exceeding 29 million copies; a total of 5 new magazines on computer, digital related and lifestyle genres were launched. More than 2,000 new book titles; and the annual printing volume reached to 19 million copies; a total catalogue of 14,000 titles out of which 400 more were licensed for local production by publishers in Mainland China.{{citation needed|date=March 2018}}
References
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- Leung, H. "Forms snapped up in two hours; Stampede as tom.com goes public," Hong Kong Standard, 19 February 2000.
External links
- {{official website|http://www.tomgroup.com}}
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Category:CK Hutchison Holdings
Category:Companies listed on the Hong Kong Stock Exchange
Category:Publishing companies of Hong Kong