KUALA LUMPUR: ACE Market-listed Oriented Media Group Bhd is venturing into China’s Internet market to provide digital and online media consultancy services.

In a statement yesterday, Oriented Media said it will be able to provide consultancy services for the e-commerce trading platform that involves research and development, as well as operating services of online sportswear businesses in the near future.

The company is principally involved in the development of online games, educational web applications, mobile applications and digital media consulting services.

Its China Internet operations will be undertaken by Fujian Accsoft Technology Development Co Ltd (FATD), a wholly-owned unit of Oriented Media Holdings Ltd, which is in turn wholly-owned by Oriented Media.

FATD has received approval from the Chinese government for its set-up in the republic. FATD has already signed e-commerce hosting services and operations managing services agreements with local sports apparel enterprises, like Kangta, Resoon, Qianda and Lianmao, it said.

Oriented Media said it had been exploring potential business growth opportunities in China’s data industry for the past few years, which led to the entry of Zu Ghuhe in May 2014 as a new investor cum executive director. Zu is tasked to spearhead the growth of this sector for the company in China over the next few years.

Oriented Media closed at 31.5 sen yesterday, down 11.3%, with a market cap of RM68.32 million.

This article first appeared in The Edge Financial Daily, on July 7, 2015.