Ringier becomes active in the Philippines

Ringier and the Philippine media company Summit Media, the market leader in the magazine sector, are jointly founding Get Sold Corporation.

The 50:50 joint venture will be active in the online classifieds market in the Philippines and develop various online marketplaces, as Ringier wrote in a press release on Thursday. Initially, a real estate portal and a car portal are planned.
Specifically, Get Sold Corporation will launch MyProperty.ph, a real estate portal, in September. After China and Vietnam, Ringier is now active in its third Asian country with this commitment to the Philippine market.

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