Interesting... MediaCorp is also transforming... Competitor for M&A with SPH and SingPost?
MediaCorp invests in luxury online retailer Reebonz
SINGAPORE — MediaCorp has signed on as lead investor in the latest round of fund-raising by Singapore-based Reebonz, one of the region’s fastest-growing luxury online retailers.
The round raised S$50 million and values Reebonz at more than S$250 million. This is the first time MediaCorp has invested in an online retail firm and comes at a time when e-commerce is flourishing.
http://www.todayonline.com/business/medi...er-reebonz
(20-05-2013, 09:18 AM)CityFarmer Wrote: [ -> ]Interesting... MediaCorp is also transforming... Competitor for M&A with SPH and SingPost?
MediaCorp invests in luxury online retailer Reebonz
SINGAPORE — MediaCorp has signed on as lead investor in the latest round of fund-raising by Singapore-based Reebonz, one of the region’s fastest-growing luxury online retailers.
The round raised S$50 million and values Reebonz at more than S$250 million. This is the first time MediaCorp has invested in an online retail firm and comes at a time when e-commerce is flourishing.
http://www.todayonline.com/business/medi...er-reebonz
MediaCorp is still under SPH...
(20-05-2013, 11:04 AM)Some-one Wrote: [ -> ] (20-05-2013, 09:18 AM)CityFarmer Wrote: [ -> ]Interesting... MediaCorp is also transforming... Competitor for M&A with SPH and SingPost?
MediaCorp invests in luxury online retailer Reebonz
SINGAPORE — MediaCorp has signed on as lead investor in the latest round of fund-raising by Singapore-based Reebonz, one of the region’s fastest-growing luxury online retailers.
The round raised S$50 million and values Reebonz at more than S$250 million. This is the first time MediaCorp has invested in an online retail firm and comes at a time when e-commerce is flourishing.
http://www.todayonline.com/business/medi...er-reebonz
MediaCorp is still under SPH...
With 40% holding, Mediacorp is not a subsidiary, but an associate of SPH.
The same as Bharti Airtel's competing with SingTel on Myanmar telecom license, while Airtel is 25% holding associate of SingTel.
(20-05-2013, 02:24 PM)CityFarmer Wrote: [ -> ] (20-05-2013, 11:04 AM)Some-one Wrote: [ -> ] (20-05-2013, 09:18 AM)CityFarmer Wrote: [ -> ]Interesting... MediaCorp is also transforming... Competitor for M&A with SPH and SingPost?
MediaCorp invests in luxury online retailer Reebonz
SINGAPORE — MediaCorp has signed on as lead investor in the latest round of fund-raising by Singapore-based Reebonz, one of the region’s fastest-growing luxury online retailers.
The round raised S$50 million and values Reebonz at more than S$250 million. This is the first time MediaCorp has invested in an online retail firm and comes at a time when e-commerce is flourishing.
http://www.todayonline.com/business/medi...er-reebonz
MediaCorp is still under SPH...
With 40% holding, Mediacorp is not a subsidiary, but an associate of SPH.
The same as Bharti Airtel's competing with SingTel on Myanmar telecom license, while Airtel is 25% holding associate of SingTel.
Mediacorp has a very huge
organisation. The stake held by SPH is not the parent Mediacorp but rather, some others lower down in the hierarchy. Extracts fm SPH
AR2012,
SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd,
which operates free-to-air channels 5, 8, and Channel U, and a
40 per cent stake in MediaCorp Press Ltd, which publishes the
free newspaper, Today.
More update on Reebonz, BTW, it is the first time i heard ReeBonz...
Reebonz set to grow as luxury demand expands
SINGAPORE — Four years after its inception, online luxury shopping destination Reebonz has seen spectacular growth across the Asia-Pacific as it surfs the wave of demand for upmarket goods among the region’s expanding and increasingly affluent middle class.
The Singapore-based company has evolved from a flash sales site to a full-fledged marketplace where products are bought, sold and serviced.
http://www.todayonline.com/business/reeb...nd-expands
my brother works for Media Corp.. it's a great deal they got..
Mediacorp is pretty aggressive in its M&A lately...
MediaCorp scores majority stake in online games firm Cubinet
SINGAPORE — MediaCorp announced today it has taken a majority stake in Malaysian digital games publisher Cubinet Interactive (MSC), continuing its spending spree after a S$20 million investment in online luxury retailer Reebonz earlier this month.
This is the first time MediaCorp has invested in an online games firm and comes at a time when the gaming industry is increasingly shifting focus from retail to digital.
http://www.todayonline.com/business/medi...rm-cubinet