iClick Interactive Asia Group Limited — Cyborg Score 4/10

Strategic Profile

iClick's full suite of data-driven solutions helped brands drive significant business growth and profitability throughout the full consumer lifecycle. The company faced operational challenges and regulatory headwinds, ultimately resulting in its strategic merger with Amber DWM to transition into digital wealth management services.

Cyborg Score Rationale

iClick experienced significant revenue decline and filing delays. In 2023, revenue was $133.22 million, a 21.21% decrease from 2022. The company received a NASDAQ deficiency notice in May 2024 for failure to timely file its annual report for 2023.

Top Insights

• (March 2025) Company merged with Amber DWM Holding and rebranded as Amber International Holding Limited, pivoting from digital marketing to crypto/Web3 financial services
• (May 2024) Received NASDAQ deficiency notice for late Form 20-F filing, indicating operational and regulatory challenges
• (2023) Revenue declined 21% to $133.22 million as business faced headwinds in core Chinese marketing solutions market
• Company divested mainland China demand-side marketing solutions business, signaling strategic retreat from core market

Named Competitors

• AWS Advertising — Advertising and marketing cloud solutions
• Marketing Cloud — Enterprise marketing automation platform
• Adobe Experience Cloud — Customer experience and digital marketing suite

Recent Developments

• (March 2025) Merger with Amber DWM Holding closed; company rebranded as Amber International Holding Limited and began trading under ticker AMBR
• (January 2025) Shareholders approved merger agreement and company name change to Amber International Holding Limited
• (May 2024) Received NASDAQ deficiency notice for failure to timely file 2023 annual report on Form 20-F

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