Predict your next investment

Venture Capital

See what CB Insights has to offer

About Meizheng

The firm is focused on entertainment industry.

Meizheng Headquarter Location

Caitong Center Suite 821

Hangzhou, Zhejiang , 311215,


Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Meizheng News

AirMedia Strengthens its Position in On-Train Wi-Fi Market with New Concession Rights with Jinan Railway Bureau

Apr 27, 2015

BEIJING, April 27, 2015 /MILITARY-TECHNOLOGIES.NET/ -- AirMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN ), a leading operator of out-of-home advertising platforms in  China  targeting mid-to-high-end consumers, as well as a first-mover in the in-flight and on-train Wi-Fi market, today announced that Guangzhou Meizheng Advertising Co., Ltd. ("Meizheng"),  one of its consolidated entities in which AirMedia has 63.2% of the equity interest, has recently entered into a concession agreement (the "Concession Agreement") with Shandong China Railway Tourism & Advertising Group Co., Ltd., pursuant to which Meizheng has been granted the exclusive right to install and operate Wi-Fi systems on ordinary trains operated by Jinan Railway Bureau. As of the time of execution of the Concession Agreement, Jinan Railway Bureau had 74 groups of ordinary trains in operation. In addition to the aforementioned Concession Agreement, Meizheng also holds the concession rights to exclusively install and operate Wi-Fi systems on the high-speed trains operated by Jinan Railway Bureau. "The Concession Agreement will enable us to further expand our on-train Wi-Fi network and strengthen our position in on-train Wi-Fi Market. We intend to continue to increase our market share in the on-train Wi-Fi Market," commented Mr. Herman Man Guo, chairman and chief executive officer of AirMedia. About AirMedia Group Inc. AirMedia Group Inc. (Nasdaq: AMCN ) is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, as well as a first-mover in the in-flight and on-train Wi-Fi market. AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital frames in most of the 30 largest airports in China . In addition, AirMedia sells advertisements on the routes operated by seven airlines, including the four largest airlines in China . In selected major airports, AirMedia also operates traditional media platforms, such as billboards and light boxes, and other digital media, such as mega-size LED screens. In addition, AirMedia has obtained exclusive contractual concession rights until the end of 2020 to develop and operate outdoor advertising platforms at Sinopec's service stations located throughout China . AirMedia, which is in the process of transforming into a leading in-flight and on-train Wi-Fi operator in  China , has obtained concession rights to install and operate Wi-Fi systems on the airplanes operated by Hainan Airlines Group and on the trains operated by several main railway bureaus in China , including Beijing Railway Bureau, Shanghai Railway Bureau and Guangzhou Railway (Group) Corporation. For more information about AirMedia, please visit . Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "confident" and similar statements. Among other things, the Business Outlook section and the quotations from management in this announcement, as well as AirMedia Group Inc.'s strategic and operational plans, contain forward-looking statements. AirMedia may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press release s and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AirMedia's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to: if advertisers or the viewing public do not accept, or lose interest in, AirMedia's air travel advertising network, AirMedia may be unable to generate sufficient cash flow from its operating activities and its prospects and results of operations could be negatively affected; AirMedia derives most of its revenues from the provision of air travel advertising services, and any slowdown in the air travel advertising industry in China may materially and adversely affect its revenues and results of operations; AirMedia's strategy of expanding its advertising network by building new air travel media platforms and expanding into traditional media in airports may not succeed, and its failure to do so could materially reduce the attractiveness of its network and harm its business, reputation and results of operations; if AirMedia does not succeed in its expansion into gas station, in-flight internet services and in-air multimedia platform or other outdoors media advertising, its future results of operations and growth prospects may be materially and adversely affected; if AirMedia's customers reduce their advertising spending or are unable to pay AirMedia in full, in part or at all for a period of time due to an economic downturn in China and/or elsewhere or for any other reason, AirMedia's revenues and results of operations may be materially and adversely affected; AirMedia faces risks related to health epidemics, which could materially and adversely affect air travel and result in reduced demand for its advertising services or disrupt its operations; if AirMedia is unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow it to operate its advertising platforms, AirMedia may be unable to maintain or expand its network coverage and its business and prospects may be harmed; a significant portion of AirMedia's revenues has been derived from the six largest airports and four largest airlines in China , and if any of these airports or airlines experiences a material business disruption, AirMedia's ability to generate revenues and its results of operations would be materially and adversely affected; AirMedia's limited operating history makes it difficult to evaluate its future prospects and results of operations; and other risks outlined in AirMedia's filings with the U.S. Securities and Exchange Commission. AirMedia does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Contact: Senior Director of Investor Relations AirMedia Group Inc. Email: Source: PrNewsWire All

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.