This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aimia And Enter China With Co-Investment In Loyalty Start-up Partnered With One Of The World's Largest Payment Card Issuers

Focused on the Long-Term Market Opportunity, Aimia and Make Minority Co-Investment in China Rewards, a New Loyalty Program Partnered with China Union Pay

TORONTO, Nov. 7, 2012 /PRNewswire/ - Aimia Inc. (TSX: AIM) and Points International Ltd. (TSX: PTS; NASDAQ: PCOM), owner and operator of the loyalty commerce platform, have entered into a binding agreement to make a minority investment in China Rewards, a Shanghai based retail coalition loyalty program start-up.  Under the terms of the agreement, Aimia and will each be investing up to US$5 million upon achievement of certain performance milestones and subject to regulatory approvals.

"Entering what is soon to be the world's largest economy has been a strategic growth imperative for Aimia," commented Rupert Duchesne, Aimia's Group Chief Executive, "As part of our stringent due diligence we have evaluated the key points of entry into China, seeking the right caliber of partner as well as a high return investment with minimal risk- China Rewards fit all of the criteria."

A key element of the China Rewards program is a long-term agreement with anchor partner, China Union Pay, one of the world's largest network operators.

Points' CEO Rob MacLean said "The Chinese loyalty industry is still in its early stages and we are excited to be involved in China Rewards.  This strategic relationship will offer an immediate and credible presence and allow us to more quickly and efficiently establish our business in the important and rapidly growing Chinese market."

Mr. MacLean added " China Union Pay has unprecedented scale in the Chinese retail industry with a rapidly growing international reach.  The ability to leverage this infrastructure and brand to quickly build a large, national loyalty program is a unique and remarkable opportunity."

China Rewards CEO, Cindy Wu has been doing business in China for more than 20 years and is a veteran of the retail loyalty industry. "We are very excited to be partnering with global leaders, Aimia and  Their experience in the loyalty space is a valuable and important part of China Rewards' growth plans," said Ms. Wu.

In connection with this transaction, CIBC acted as financial advisor.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 0.00%
FB $99.54 0.00%
GOOG $678.11 0.00%
TSLA $148.25 0.00%
YHOO $26.82 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs