NEW YORK, Nov. 9, 2018 /PRNewswire-PRWeb/ -- RTB House, a global company that provides state-of-the-art retargeting technology for top brands worldwide, today announced the company won the award for Best Ecommerce Service Provider during the ninth China Cross-Border Ecommerce Conference & Exhibition 2018.
China Cross-Border Ecommerce Conference & Exhibition is one of the most prestigious e-commerce events in the Asia region. During the summit, numerous companies in various industries were presented with awards for outstanding achievements. RTB House received the "Best Ecommerce Service Provider" award. Among other winners were Microsoft for the "Best Cross-Border Ecommerce Cloud Service Award" and ZOODMALL, which received the "Best New Cross Ecommerce Platform Award" during the conference.
According to Forrester Research, China surpassed the U.S. to become the largest e-commerce market in the world in 2015. Now it accounts for 83 percent of all online retail sales in the Asia Pacific region. This year, the e-commerce market in China will reach $1.1 trillion, making it the world's first trillion-dollar e-commerce market.
Moreover, according to the China Ecommerce Association report, China's cross-border e-commerce is forecast to top more than nine trillion yuan ($1.3 trillion) in 2018. Shanghai-based Westwin, formerly known as Microsoft Online (MSN China), reported that 53 percent of cross-border consumers in China spent more than 10,000 yuan ($1,468) and 15 percent of them spent over 20,000 yuan ($2,936) during the past 12 months.
"This award is a great honor for us. It clearly shows that our game-changing, deep learning technology is the best available solution all over the world. China is one of our key markets, and this distinction will help mark our presence in the Asia region," said Daniel Surmacz, COO at RTB House.
RTB House is the first retargeting company in the world to develop and implement its own technology that is 100 percent based on deep learning for purchasing ads in the RTB model. With this tool, the firm is able to increase the overall performance of retargeting campaigns by up to 50 percent compared to those without deep learning. RTB House's deep learning algorithms are changing the e-commerce branch, which has resulted in continued revenue growth and rising interest from some the world's biggest brands.
Earlier this year, the company was ranked 2nd in the "Big Five" category in the Deloitte Technology Fast 50 Central Europe and was listed among the fastest developing tech companies in "The Fast 50" category. Moreover, RTB House was ranked 8th in the tech industry in the Financial Times 1000: Europe's Fastest Growing Companies 2018, named the winner of a Silver Stevie® Award as the Most Innovative Company of the Year and it received the AIconics Award in Best Application of AI for Sales & Marketing, and Big Innovation Award by The Business Intelligence Group.
About the China Cross-Border Ecommerce Conference & Exhibition 2018
Under the guidance of Shanghai Municipal Commission of Commerce and Shanghai Putuo District People's Government, the summit was hosted by PTP International and Shanghai Cross-service Enterprise Management Co., Ltd.
More than 500 high-level representatives from more than 20 countries attended the event. Well-known brands, retail e-commerce, e-commerce platforms and merchants, B2B trading companies, and more from different branches, like postal logistics, cross-border payments, e-commerce technology innovation, venture capital, etc. which cover the entire industry chain.
About RTB House:
RTB House is a global company that provides state-of-the-art retargeting technology for top brands worldwide. With its proprietary ad buying engine, powered entirely by deep learning algorithms, RTB House helps advertisers multiply sales to reach their short, mid and long-term goals.
Founded in 2012, RTB House serves over 1,500 clients in over 70 countries in EMEA, APAC and the Americas regions with main locations in New York, London, Tokyo, Singapore, São Paulo, Moscow, Istanbul, Dubai and Warsaw. The team consists of more than 400 professionals and growing.
Learn more at http://www.rtbhouse.com
Media Contact:
Scott Samson
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SOURCE RTB House
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