Ringier AG acquires Myanmar´s No 1 online job platform: MyJobs.com.mm

In cooperation with its local partner Information Matrix Co. Ltd., Ringier AG has entered into an agreement to acquire the online job platform MyJobs.com.mm. Through this acquisition Ringier underlines its Marketplaces' strategy as a key strategic pillar of the Group and the declared goal to become the unprecedented leader in digital businesses in the country.

To continue expanding and further strengthening its solid digital operations in Myanmar, Ringier and its local partner Information Matrix Co. Ltd. have agreed to acquire Pyramid Solutions Co. Ltd., which operates Myanmar´s classified job online portal, MyJobs.com.mm

MyJobs.com.mm is the leading online destination to find a job in Myanmar with around 4´300 active listings. They also help to organize and execute the most popular job fairs in Yangon and Mandalay four times a year. Hundreds of large, small, international and local companies as well as non-governmental organizations have found some of their finest employees through MyJobs.com.mm.

«The acquisition of MyJobs.com.mm fits perfectly into our portfolio in Myanmar, which currently includes Duwun.com.mmMarry.com.mm and Kalay.com.mm. It also underlines our Group strategy to further grow in publishing, directories and classifieds in the region in the mid-term. 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 of Ringier AG.

Since 2012, MyJobs.com.mm has been the online job classified pioneer in Myanmar, one of the fastest growing economies worldwide. At that time, the internet penetration in Myanmar was less than one percent and most curriculum vitae still were collected manually and in paper format. Three years later, MyJobs.com.mm had its first one million followers on Facebook. In August 2018, close to 1.9 million people follow MyJobs.com.mm on Social Media.

«The people who work with MyJobs.com.mm serve the purpose of helping people and businesses in Myanmar to grow. They are helping hundreds of thousands of people every month to search for and find new jobs. In addition, the MyJobs.com.mm team helps to organize the biggest jobs fair in Yangon and Mandalay four times a year. Together with Ringier we will form an ideal constellation of know-how and potential in Myanmar. We are all eager to build something big with a high-quality and innovative character for Myanmar», said Hans van Beek, CEO of MyJobs.com.mm.

Florent De Rocca-Serra, General Manager of Ringier Asia added: «We will ensure that MyJobs.com.mm further consolidates and extends its leading position as the number 1 online job portal in Myanmar. We will fully leverage our local market knowledge and assets we have built locally over the last few years, together with our international expertise in Job classifieds to further add-value to the good work the MyJobs.com.mm team has done so far. I am excited to welcome the entire MyJobs.com.mm team as part of our activities and to further shape the digital landscape in Myanmar».

Ringier AG, Corporate Communications

About Ringier

Ringier is a diversified media company with about 6,900 employees across 18 countries. Founded in 1833, Ringier manages leading brands in print, TV, radio, online and mobile media and runs successful print, entertainment and internet businesses. Throughout its more than 180-year history, Ringier has always stood for innovation, individuality and independence, as well as freedom of expression and diversity of information. Ringier is a Swiss family-owned business with head offices in Zurich.