Remark Holdings
Remark Holdings (NASDAQ: MARK) is a Las Vegas, Nevada based digital media company with crowd counting, artificial intelligence for a Chinese Social Credit System, and content platform verticals. It was formerly known as HSW International, then Remark Media.
The company cofounded Sharecare, a healthcare content platform and has retained a 4.5% stake.[1][2]
The company approximately 100 employees worldwide, with U.S. offices in New York and Atlanta and international offices in Beijing and São Paulo.[citation needed][when?]
History[edit]
Personnel[edit]
- CEO
- Other
International[edit]
In 2006, HSW International was founded as a subsidiary of HowStuffWorks to bring its website to global emerging economies.[5] One year later, the company launched its first international version of HowStuffWorks, the Brazilian ComoTudoFunciona. In October 2007, HSW International went public on NASDAQ in connection with a merger with Intac International.[6] The merger facilitated the launch of the company’s second international version of HowStuffWorks, the Chinese-based BoWenWang, in 2008.[7]
Domestic[edit]
In 2008 the company acquired the US website DailyStrength – a social media website hosting health and wellness discussions.[8] Starting in 2009, as part of its establishing a joint venture with Harpo Studios, Dr. Mehmet Oz, Discovery Communications, Sony Pictures Television, and Jeff Arnold (founder of WebMD), that company developed and launched the social Q&A health website, Sharecare. In May 2011, in partnership with Discovery Communications, the company developed and launched a Q&A site for Discovery Channel’s TV show Curiosity.
Remark also owns VEGAS.com and bikini.com.[9]
HSW to Remark Media[edit]
In October 2011, the company announced it would change its name to Remark Media, and in December 2011 the company formally changed its name to Remark Media and NASDAQ stock ticker to MARK.[10]
Remark Media to Remark Holdings[edit]
In 2017, the company renamed itself to Remark Holdings. At that time, Carrie Ferman was named as CEO.[4]
Social credit scoring and facial recognition[edit]
Remark created the AI-driven KanKan Social Credit Score, a social credit score aimed at the Chinese market. Remark uses data from Alibaba, Tencent, and Baidu. Their facial recognition is used in China and is also used by 7-Eleven in Thailand.[11]
As Microsoft, IBM, and Amazon suspended their facial-recognition programs and as Clearview AI's facial recognition product was exposed, Remark "doubled down" on their facial recognition program.[12]
Video recognition[edit]
Their video recognition code is used for content filtering in Guizhou, China. It is also used to monitor face mask compliance in 200 Shanghai restaurants and to count students in schools in China.[11][12]
COVID-19[edit]
In 2020, the company received FCC approval for their KanKan thermal imaging camera, and there were rumors the company would be bought by Wynn Resorts.[9][13] The cameras are in place at University Medical Center of Southern Nevada.[3]
As part of the COVID-19 pandemic, the company received between $350,000 and $1 million in federally backed small business loan from East West Bank as part of the Paycheck Protection Program. The company stated it would allow them to retain 27 jobs.[14]
References[edit]
- ↑ "Social Q&A Site Sharecare And Healthline Announce Partnership On Health Search Services". TechCrunch. 2011-09-27. Retrieved 2012-08-24.
- ↑ Larry Ramer (8 June 2020). "Why Multi-Dimensional Remark Stock is Worth a Shot". InvestorPlace. Retrieved 2 July 2020.
- ↑ 3.0 3.1 Transcripts, SA. "Remark Holdings, Inc. (MARK) CEO Kai-Shing Tao on Q4 2019 Results - Earnings Call Transcript". Seeking Alpha. Retrieved 2 July 2020.
On the call with me this afternoon is, Kai-Shing Tao, Remark’s Chairman and Chief Executive Officer. In just a moment, Mr. Tao will provide an update on our business and I will recap our fiscal 2019 financial results. Following those remarks, we will open the call to questions.
- ↑ 4.0 4.1 4.2 4.3 4.4 "Remark Media Announces Completion of Name Change and New Executive Management Team | Remark Holdings". Remark Holdings. Retrieved 2 July 2020.
- ↑ "HowStuffWorks "Discovery Communications Completes Acquisition of". Howstuffworks.com. 2008-01-10. Retrieved 2012-08-24.
- ↑ "HSW International, Inc. Completes Merger With INTAC International, Inc. (NASDAQ:MARK)". Hswint.com. Retrieved 2012-08-24.
- ↑ "HSW International, Inc. Launches China Web Site (NASDAQ:MARK)". Hswint.com. 2008-06-24. Retrieved 2012-08-24.
- ↑ "Update: Health Social Net DailyStrength Bought By HSW International, For Up To $6.6 Million — Tech News and Analysis". Paidcontent.org. 2008-12-03. Retrieved 2012-08-24.
- ↑ 9.0 9.1 Shriber, Todd (6 May 2020). "Remark Holdings Emerges From Obscurity on Wynn Deal Rumors". Casino.org. Retrieved 2 July 2020.
- ↑ "MarketWatch.com". MarketWatch.com. Retrieved 2012-08-24.
- ↑ 11.0 11.1 "7-Eleven is bringing facial-recognition technology pioneered in China to its 11,000 stores in Thailand". Business Insider. 16 March 2018. Retrieved 2 July 2020.
- ↑ 12.0 12.1 Larry Ramer (29 June 2020). "Facial-Recognition Tech Might Be the Real Reason to Buy Mark Stock". InvestorPlace. Retrieved 2 July 2020.
- ↑ "Temperature check kiosks ready to tackle COVID-19". www.qsrweb.com. 27 May 2020. Retrieved 2 July 2020.
- ↑ Syed, Moiz; Willis, Derek. "REMARK HOLDINGS, INC. - Coronavirus Bailouts - ProPublica". ProPublica. Retrieved 7 July 2020.
External links[edit]
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