|By Business Wire||
|February 10, 2014 03:00 PM EST||
With the number of web users in China reaching a staggering 618 million, the Interactive Advertising Bureau (IAB) has formally licensed the Interactive Internet Advertising Committee of China (IIACC) to launch IAB China, furthering its longstanding relationship with Chinese internet companies and the IIACC Secretary General, Chen Yong, a veteran of the Chinese internet marketplace. This new organization will become an important new member of the global IAB network, leveraging the IAB brand and best practices to advance the industry’s interests in a critical marketplace.
Under Chen’s leadership, IAB China will represent major digital Chinese publishers, brand marketers, and agencies, as well as internet multinationals with offices in China. The new organization will learn from IAB experiences and leverage its technical standards such as V-Suite and MRAID, operating best practices, and creative guidelines. In addition, IAB China will work jointly with IAB worldwide management to bring IAB’s highly regarded thought leadership events to the People’s Republic, as well as its training and certification programs designed to prepare the workforce to thrive in the internet economy.
“We are honored to be launching IAB China in cooperation with Chen Yong, a senior digital leader in China, who has been indispensable in helping us gain insider perspective on the Chinese interactive marketplace,” said Randall Rothenberg, President and CEO, IAB. “This is the latest step in the evolution of this positive and meaningful collaboration. China is home to the world’s largest internet audience, making it a high priority for stakeholders across the interactive ecosystem. With IAB China, our global network grows infinitely more robust and promises greater value to the worldwide digital arena.”
“This is a fast developing industry, where new technology is born every day,” said Chen. “After working with the IAB for years on several initiatives, I am thrilled that China is able to join in the IAB global network. We have a lot of work to do, and by joining forces with the IABs around the world, we will be able to exponentially expand the impact of the digital ad industry in China and on an international scale.”
“It is exciting to build on the trust and bond that IAB has already established with the IIACC which is under Chen Yong’s leadership,” said David Doty, Executive Vice President and CMO, IAB, who also heads the organization’s international efforts and partnerships. “With the launch of IAB China, a wealth of knowledge and connections will be brought to the table for members in the U.S. and abroad. This new agreement sets the foundation for other joint cooperation between us and for stronger ties between Chinese internet businesses and those across the globe, providing increased access in all directions.”
IIACC has worked with the IAB on several fronts for many years, including the release of an unprecedented joint study, “Mobile’s Role in a Consumer’s Media Day in the United States and in China: The Smartphone as an Extension of the Self and an Extension into the World” in August 2013.
IAB China becomes the 42nd licensed IAB in the world. Under licenses from the IAB, which was founded in New York in 1996 and remains headquartered there, there are already 40 national IABs, on all the world’s continents except Antarctica, and one regional, in Europe. In the Asia-Pacific region, IABs have been established in Australia, New Zealand, Singapore, and Vietnam. IABs have been formed in North America, South America, Africa, and Europe. They are all independently owned and operated, functioning under bylaws consonant with local market needs, with transparent governance and finances, to further the best interests of the industry they serve. IAB Europe is the only regional representative body in the network, created to advance the needs of that continent’s 25 national IABs and their hundreds of corporate members.
This news was released simultaneously at the seventh IAB Annual Leadership Meeting “Marketing 2020: The Digital Agenda,” held at the JW Marriott Desert Springs Resort & Spa in Palm Desert, California, as well as in Beijing.
To learn more about the IAB global network, please visit iab.net/global.
About the Interactive Internet Advertising Committee of China
IIACC is a non-profit organization that consists of companies relevant to the interactive internet advertising industry, devoted to promoting interactive internet advertising development in China. IIACC is a professional committee of the China Advertising Association and is protected by laws in China.
IIACC abides by the laws and social morality in China. IIACC, together with companies and academic groups in the interactive advertising industry, spares no effort to maintain the whole industry’s interests and realize industry self-regulation. IIACC also focuses on communications with government departments and takes part in international communication and seminars. IIACC is devoting itself to the development of internet interactive advertising in China and is playing a positive role in the construction of the Chinese-style socialist market economy.
About the IAB
The Interactive Advertising Bureau (IAB) is comprised of more than 600 leading media and technology companies that are responsible for selling 86% of online advertising in the United States. On behalf of its members, the IAB is dedicated to the growth of the interactive advertising marketplace, of interactive’s share of total marketing spend, and of its members’ share of total marketing spend. The IAB educates marketers, agencies, media companies and the wider business community about the value of interactive advertising. Working with its member companies, the IAB evaluates and recommends standards and practices and fields critical research on interactive advertising. Founded in 1996, the IAB is headquartered in New York City with a Public Policy office in Washington, D.C. For more information, please visit iab.net.