Founded in Hong Kong in 2000, Qumbet is a pioneer in the street furniture space with a vision to beautify our streets in the same way we beautify our homes. In partnership with local governments, press distributors, telco players and outdoor advertising firms, Previously Qumbet has successfully designed, manufactured and supplied over 10 thousands newspaper kiosks, bus shelters, payphones, city light panels, billboards to worldwide countries from China to India, Malaysia, Romania, Croatia, Poland, USA and Turkey.
As of 2018, Qumbet has tangible and intangible assets in coordinated city furniture projects, including the development of a "community platform" for local SME's, enterprises, residents in the neighborhoods, as well as smart city furniture under the new generation Peri brand. With Peri's reinvented business model, we have obtained a 15-year concession agreement with the country's second largest telecom operator in Eastern Central Europe.
Peri concept with like-minded digital street furniture players and providers of devices, apps, and portal management, Qumbet continues to seek the market and lead the next wave of smart city renovation projects.
We transform traditional street furniture and outdoor advertising into information technology; this new generation physical and digital community platform thus provides a new marketplace. Our business model has effective public and social impacts, in a matter of fact this initiative will also be the first connection and sharing platform for outbreaks and disaster that we never want to encounter again. Here are the Peri vision that will prove the Power of Street Furniture.
Peri builds highly intelligent, and ultra-connected smart communications infrastructure, applications and networks that seamlessly blend into our streets, transit, and public spaces, connecting us all effortlessly while monitoring useful data along the points in between. Incredibly versatile and easy-to-use,
Peri amplify and streamline the urban experience, keeping people connected and making cities smarter where it matters most.
Beyond all, Peri with first community tablet (Street & Online Market Place) mostly focus to run localized advertising platform to connecting transit users and pedestrians with local brands and merchants. Exactly like we used it Bulletin Board in old goodies days.
Current (Traditional) Model
"For the past two decades, the City of Los Angeles’ street furniture program has operated on a traditional business model supported by advertising revenue. The City now intends to work collaboratively with a qualified partner that shares its vision that sidewalk and transit amenities can influence travel choice and improve neighborhoods while garnering a larger portion of out of home advertising expenditures in the Los Angeles market." This is a copy paragraph of Request of Interest of StreetsLA - STAP (Sidewalk, Transit, Amenities, Program)
The traditional model is truly advertising-oriented, so "advertising furniture" and urban-street furniture are people-oriented, so the main differences between the two are listed below beyond ads; Digital networks must increasingly be used in street furniture programs around the world. Unfortunately, street furniture in the United States has only been digitized by 5.6% as of 2019. Maybe that is why the City of Los Angeles now wants to get the following benefits and services from new players like the Peri model;
"The world largest
Tech, Media, Telco [TMT] market"
Summary of Peri Opportunity
We lead to developing outdoor advertising network by exchanging advertising revenue with street furniture supplying. With twenty years of experience, we started to change the conventional business model of the industry, we transform traditional street furniture and outdoor advertising into information technology; this new generation physical and digital community platform thus provides a new marketplace. In industrial terminology “we shift it from OOH (Out of Home) Media to TMT (Tech, Media, Telco) sector.”
Our reinvention concept was adopted and we signed a large-scale contract with the second largest telecom operator (Europe), But because of the tension in the political atmosphere, we decided to incubate and launch in the USA with a radical decision just before pandemic. Indeed, STAP - RFI has confirmed our reinvented business model for the US market. We are in short list of attendees and presenters of STAP “A new model for City Street Furniture Deployment) Program.
Our business model has effective public and social impacts, in a matter of fact this initiative will also be the first connection and sharing platform for outbreaks and disasters that we never want to encounter again.
With your philosophy and ambition together with our ability to create a new market is going to be excellent match on these days. A serious market share of $ 129 billion TMT (Tech, Media, and Telco) awaits us. If I have to give a solid tip; We create a value that consists of Digital [ Nextdoor 2.0 B Mcap] and Physical [JCDecaux 3.0 B Mcap]