MediaCorp invests in luxury online retailer Reebonz

[CityFarmer]

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

[Some-one]

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...

[CityFarmer]

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.

[KopiKat]

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.

[CityFarmer]

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

[TChew1969]

my brother works for Media Corp.. it's a great deal they got..

[CityFarmer]

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