20 May '13, 6am

Singapore's MediaCorp Invests $40M In Luxury Online Retailer Reebonz

MediaCorp , one of Singapore’s two largest media companies, has poured $40 million into Reebonz in a deal that values the designer brand flash-sales site at about $200 million. This is the first time that MediaCorp has invested in an online retailer, according to a story on Channel News Asia (a site that is also owned by MediaCorp). The media conglomerate hopes that Reebonz will help it tap into the Asia-Pacific region’s booming e-commerce market, which eMarketer says will make $1.3 trillion in 2013, leading the world in B2C online sales. “We see great alignment between what Reebonz does and what MediaCorp has–audiences, content targeted at the luxury market and our star power. We are confident that by collaborating closely with Reebonz, we’ll see even more breakthroughs from the retailer,” MediaCorp CEO Shaun Seow said. Reebonz was founded in 2009 and has raised a total o...

Full article: http://techcrunch.com/2013/05/19/singapores-mediacorp-inv...

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MediaCorp invests in luxury online retailer Reebonz

MediaCorp invests in luxury online retailer Ree...

channelnewsasia.com 20 May '13, 12am

SINGAPORE: MediaCorp has signed on as lead investor in the latest round of fund-raising by Singapore-based Reebonz, one of...

Singapore-based luxury shopping site Reebonz na...

thenextweb.com 20 May '13, 6am

Singapore-based luxury goods online retailer Reebonz has just landed a S$50 million (US$40 million) round of investment le...

Singapore-based luxury shopping site Reebonz na...

thenextweb.com 20 May '13, 6am

Singapore-based luxury goods online retailer Reebonz has just landed a S$50 million (US$40 million) round of investment le...

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