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Digital Strategy for Bank of
China
Xiang Li
Promotion of BOC’s Credit Card
for Oversea Students
The Massive Craze of Chinese
Oversea Studies
Function of This Credit Card
1.Multiple-currency and universal-
use
2.SMS Reminder of Master Card
3.High Reward Point
4.Quarterly Financial Advice
Co-operation with Airlines and Hotels
Credit Card Point:
International Flight Tickets
• Free Flight Tickets
• Economy Class updating to Business Class
Hotels with Discount
• International Hotels with discount
• Domestic Hotels free nights
Email Strategy
Tool:
QQ Mail and Gmail
Target:
QQ Mail: 35-55 year-old Male
Beijing Shanghai Shenzhen Hong Kong
Gmail: 17-25 year-old students
New York LA Boston
Social Networking
Hash Tag and Info Feeding
Content
# studyoversea
# studyatus
# TOEFL
# SAT
# Americanuniversity
Feeding Time
10pm-12pm
8am-10am
CPC CPM and CPA
CPC : Click-through Rate
CPM: Cost-Per-Mille is when the price is based on
1000 impressions
CPA : Cost Per Action
COST IMPRES
SIONS
CLICKS CLICKS
RATE
AC CONVERSIO
N RATE
PRICE TOTAL
CPM 100,000 500 0.5% 50 10% $10.00 $1,000
CPC 100,000 500 0.5% 50 10% $2.00 $1,000
CPA 100,000 5000 0.5% 50 10% $20.00 $1,000
Thank You

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Digital strategy for bank of china- Xiang Li

  • 1. Digital Strategy for Bank of China Xiang Li
  • 2. Promotion of BOC’s Credit Card for Oversea Students
  • 3. The Massive Craze of Chinese Oversea Studies
  • 4. Function of This Credit Card 1.Multiple-currency and universal- use 2.SMS Reminder of Master Card 3.High Reward Point 4.Quarterly Financial Advice
  • 5. Co-operation with Airlines and Hotels Credit Card Point: International Flight Tickets • Free Flight Tickets • Economy Class updating to Business Class Hotels with Discount • International Hotels with discount • Domestic Hotels free nights
  • 6. Email Strategy Tool: QQ Mail and Gmail Target: QQ Mail: 35-55 year-old Male Beijing Shanghai Shenzhen Hong Kong Gmail: 17-25 year-old students New York LA Boston
  • 8. Hash Tag and Info Feeding Content # studyoversea # studyatus # TOEFL # SAT # Americanuniversity Feeding Time 10pm-12pm 8am-10am
  • 9. CPC CPM and CPA CPC : Click-through Rate CPM: Cost-Per-Mille is when the price is based on 1000 impressions CPA : Cost Per Action COST IMPRES SIONS CLICKS CLICKS RATE AC CONVERSIO N RATE PRICE TOTAL CPM 100,000 500 0.5% 50 10% $10.00 $1,000 CPC 100,000 500 0.5% 50 10% $2.00 $1,000 CPA 100,000 5000 0.5% 50 10% $20.00 $1,000

Editor's Notes

  1. Today I am going to present the digital strategy for Bank of China, I selected Bank of China as the brand to be studied this semester at the beginning. On one hand, it’s because there is one of my relatives working in BOC. As far as I know, Bank of China has the longest history of all the banks in China, and is the world’s top ten in the respects of asset size and market value scale. However, the majority of its businesses come from China’s mainland because of its state-owned nature while its future goal definitely is internationalization and diversification.
  2. My digital strategy is the promotion for designed-for overseas-student supplementary cards. It includes a master card which held by student’s parent and has identifiable appearance with diploma and the statue of liberty
  3. With the promise of English-language fluency, a U.S. college education is increasingly attractive for many students and employers. And as Chinese incomes grow, more affordable for parents. Using agents or consultancies to apply to college has been a common practice since U.S. universities and colleges started recruiting in China extensively about eight years ago.
  4. This card mainly has four unique functions 1 multiple-currency and universal-use functions. 2 related master card holder can also receive a SMS reminder and master card holder can also set various monthly consumption limits for bound supplementary ones for keeping their children from overconsumption abroad.  3 The cards can repay credit loan for supplementary ones, and all expenditures from such supplementary card can be shown on expenditure record of bound master one. 4 This card can also offer practical expenditure record and financial advices for facilitating that more without-financial-record-keeping-habit overseas students cultivate good financial concepts and habits
  5. We are going to work with some international airlines and hotels using series of point reward activities of this card, where such points cumulating to a certain extent can redeem for international airline tickets or discount hotels for bringing overseas students substantial benefits and discounts using their reward point of the credit card.
  6. For better promoting this credit card product, I recommend BOC would jointly hold hands with Chinese email giants-QQ MAIL and GMAIL. Supported by big data system of QQ MAIL, we will gain QQ mail addresses of male customers from 45-55 year old in Beijing, Shanghai and Shenzhen and carry out related promoting activities, because they may have children who study oversea and the male at this age may have higher purchase ability.   As GMAIL is standard tool of overseas student customer group, supported by GOOGLE GMAIL big data background, also Gmail is not allowed to use at China so we only need to feed those information to accounts named by Chinese spellings at some big cities at America
  7. We are going to use social media platforms to promote this card and the platforms we pick are Twitter, Sina Weibo, Facebook and Wechat. Sina Weibo is the largest information platform at China which is also known for “Chinese Twitter”
  8. I recommend BOC could feed information of this product base on users behaviors, that means it would feed users who search or hashtag those worlds here, I assume those people are most likely oversea students or students who have oversea studying plan. And the feeding time better be around 10pm -12pm or 8am-10am since based on people’s habit they may refresh their Weibo before going to bed or getting up
  9. The budget will base on CPM CPA and CPC which are the number who click on a specifiv link out of the total users who view a page email or ads. It is commonly used to measure the success of an online advertising campaign for a particular website. To help visualize these pricing options, look at the table below, which shows how $1,000 of media would need to be priced and perform for each method discussed above.