Ringier AG, which operates in Vietnam and Myanmar, has acquired a job portal in Myanmar, MyJobs.com.mm, while Trust Venture Partners (TVP) has completed a minority strategic investment in Frontier Myanmar Research (FMR).
Ringier AG buys MyJobs.com.mm
Switzerland’s Ringier AG – which operates media, e-commerce and entertainment platforms with presence in Vietnam and Myanmar – has announced the acquisition of Pyramid Solutions Co Ltd, owner of Myanmar’s online classified job platform, MyJobs.com.mm.
The acquisition was made in cooperation with Ringier AG’s local partner Information Matrix Co. Ltd.
Post acquisition, MyJobs.com.mm joins other existing portfolio platforms of Ringer AG in Myanmar, which are Duwun.com.mm, Marry.com.mm and Kalay.com.mm.
“We are going to continue to further strengthen Ringier’s footprint in digital publishing and marketplaces in Asia and to shape Ringier to a well digitized media company,” said Robin Lingg, head of international marketplaces, Ringier AG.
Started in 2012, MyJobs.com.mm has got 4,300 active listings and claims to have nearly 1.9 million followers on social media.
Myanmar also has another online job platform, JobNet.com.mm which raised a seven-digit dollar sum earlier this year.
Trust Venture Partners picks minority in Frontier Myanmar Research
The investment will see the two companies leverage each other’s expertise, FMR’s research insights and TVP’s advisory services, to support foreign and local investors in Myanmar to raise funds.
Post investment, TVP will exclusively distribute FMR’s subscription services on sectors like energy, financial services, real estate and transport infrastructure to Japanese clients, for whom TVP acts as a market entry point into Myanmar.
Established in Myanmar in 2014, FMR is backed by Frontier MEA Ltd, a privately-owned UK firm focused on business and investment research in frontier markets.