The subject specializes in providing digital media advertising (out-of-home television advertising and in-elevator poster frame advertising solutions). According to a media search, Chicilon Media currently reaches a market that includes more than 2,300 high-rise buildings, 14 airports, and 50 supermarkets. At present Chicilon Media's penetration represent over 70% of all out-of-home LED media sources with its 5500 TVs and 9000 Posters. In 2006, when Chicilon Media launched, there were nine building lift advertising companies in the market; today, there are only two, with Chicilon Media four times the size of its closest competitor in terms of market share. The company has been constantly profitable, even during the Covid pandemic in 2020-2021. Following the post-COVID reopening of the economy, Chicilon Media has seen a strong recovery of its business, as evidenced by a strong growth in profitability. In early 2023, VinaCapital Vietnam Opportunity Fund Ltd (VOF) entered into a private equity investment in Chicilon Media. The Investment Manager led a consortium to invest USD 38 million in Chicilon Media, of which VOF invested USD 30 million and the Investment Manager will receive one seat on the board. At the same time as the fund announced the investment, the charter capital of Chicilon Media increased from VND 750 billion to more than VND 794 billion on 3 Feb 2023. After that, the charter capital continued to increase to nearly VND 814 billion on 17 Apr 2023. Chifley Investments Pte. Ltd. - VOF's subsidiary is representing this investment capital.
Headquarters
17th Floor, Vietcombank Building, No. 05, Cong Truong Me Linh Street, Ben Nghe Ward
Ho Chi Minh municipality; South Eastern Vietnam;
Postal Code: 70000-74000
Contact Details: Purchase the Chicilon Media Information Technology Vietnam Joint Stock Company report to view the information.
Website: https://chicilonmedia.com/
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