Touchmedia In Shanghai Wins Red Herring Technology Award

Chris Sheldrake

Congratulations must go to Micky Fung and his team at Touchmedia in Shanghai who have won the ‘Red Herring Global 100, World’s Leading Award for New Technology Companies’ and re-invigorate and give new meaning to the ‘Made in China’ stereotype.

Touchmedia was founded in 2003 by Micky Fung to develop state-of-the-art touchscreen media technology in China. It is the largest in-taxi interactive media company in China, delivering digital media solutions for clients and the out-of-home advertising industry.

Touchmedia CEO, Micky Fung told us “We have invested 7 years and $30 million to develop the technology and the business, but to win this award, of which tens of thousands of new technology companies dream, is incredible. I am stunned and ecstatic,”

The award was presented in San Diego, California, in front of 200 leading hi-technology entrepreneurs from more than 30 countries around the world. Touchmedia by the way won the Asian award only a month ago as well !!

Touchmedia’s initial deployment, in taxis, reaches over 20 million viewers a month for an average 18 minute ride.

Alex Vieux, CEO of Red Herring, in presenting the award, congratulated Touchmedia’s management, directors and staff and was quoted as saying “A company that has won this award has achieved something extraordinary, something the whole world should notice.”

About Red Herring

Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.

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