About Hong Kong Technology Venture Company
Hong Kong Television Network Limited engages in the multimedia business. The company’s services include an online shopping mall operation, the offer of free television programming through its over-the-top (OTT) platform, multimedia and drama productions, content distribution and other related services. OTT Business In November 2014, the company officially announced the launch of its OTT platform on HKTVmall, an entertainment and online shopping platform in Hong Kong. This platform could be accessed through various Internet-connected devices, such as smart phones running on Android, iOS and Windows, tablet computers, personal computers, smart TV sets, Android TV boxes and game consoles. The company’s OTT platform was launched with the slogan ‘Always Something New’. Through its OTT platform, the company’s library of programs is made available for Hong Kong people to watch either by live streaming or through video on demand. This includes self-produced drama series and variety and infotainment programs, purchased drama series and animation from Japan and Korea, and a self-produced shopping program called ‘Shopping Hero’. The company also provides a platform for advertisement production and product placement by integration. Since the launch of HKTVmall, the company has aired a spectrum of advertisements broadcast through live streaming and video on demand, covering various sectors, including skin care products, jewelry, personal loan and insurance companies, online travel, telecommunications services, online games, food and beverages, electronic appliances, oil and gas, apparel, dental care, and restaurant operations. The company has various content licensing arrangements with third parties for international program content distribution. The company has brought a majority of its self-produced drama and infotainment programs through video portals or TV stations to overseas audiences, including those in Malaysia, Singapore, Australia, and New Zealand. Online Shopping In addition to the company’s program content, it operates an online shopping platform through HKTVmall. The company’s online shopping platform functions as a marketplace where third-party merchants could offer their products to customers and pay it commission on their sales. As of April 27, 2016, the company featured approximately 700 stores providing approximately 110,000 products in categories, such as fashion, mother and baby, skin care and make up, personal care, medicine and health, supermarket, food and wine, household, music, video and books, games, toys and stationery, outdoor and sports, pet care, digital and electronics, and dining and leisure. Included among the offerings in HKTVmall are certain Japanese and Korean products, such as fashion, fresh seasonal fruits, cosmetics and skin care products, and local wine and snacks, which are delivered to consumers directly from Japan and Korea. The company provides transaction processing and billing services on all orders on its online shopping platform, and utilizes its own logistics team to offer its third-party merchants additional value-added services, such as warehousing and delivery services. In addition, the company sells various products from its self-owned inventory directly on its online shopping platform. HKTVmall has its own customer services team to handle consumer inquiries. HKTVmall formally launched in February 2015. As of April 27, 2016, the company had approximately 1.58 million email IDs registered as HKTVmall members who are able to watch its program content by live streaming or video on demand, as well as enjoy the online shopping experience provided by HKTVmall. Intellectual Property Rights The company has registered and applied to register its trademarks with the Trademarks Registry of the Intellectual Property Department in Hong Kong. The company maintains copyright in its self-produced television programs. History The company was founded in 1992. It was formerly known as City Telecom (H.K.) Limited and changed its name to Hong Kong Television Network Limited in 2013. The company was incorporated in Hong Kong in 1992 under the Hong Kong Companies Ordinance.