Ringier hands over its news platform Duwun and job platform MyJobs to local management

After seven years of business operations, Ringier has decided to fully divest all its assets in Myanmar and leave the country.

In October 2022, the Swiss media and technology company Ringier will withdraw from Myanmar and will transfer its shares in the companies operating the businesses of MyJobs and Duwun to the respective local management; the closing of the latter transaction being subject to regulatory approval. 

“With the talented local management of Duwun and MyJobs, we have found successors who have a strong interest in the success of the two companies that we have built up together with them over the last seven years. They are determined to continue the great work they have done over the past years and to take care of our long-term local partners and clients. A special thank you goes to Rianne Roggema and Harry Antarakis, the former CEOs of Duwun and MyJobs.  It is not an easy step to leave Myanmar, especially after these intense last  years. Both teams and the country will hold a special place in the Ringier Family`s heart”, says Ladina Heimgartner, Head Global Media Unit of Ringier AG.  

“We are committed to fulfilling our obligations to our employees and local partners in Myanmar until the transfer has been fully completed. We would like to take the opportunity to thank everyone being involved for the close and professional  collaboration during the last years. We wish the new owners all the best and much success for their entrepreneurial endeavors,” says  Axel Konjack, Head Global Marketplaces Unit of Ringier AG. 

“I have been with Duwun since its establishment in 2015, and it is a great opportunity to now take over the business with my close colleagues. Even though we are facing a challenging environment, we believe there is a great opportunity to inform and entertain the next generation of Myanmar as we have been doing for the last 7 years. I would like to thank Ringier for its involvement in building the most innovative and strong online media brand in Myanmar, and we are committed to continue to hold its reputation” says Kyaw Ko Ko, Editor in Chief of Duwun.

“Even though Myanmar is facing challenging times, I always believe you cannot succeed without taking risks. I am very much looking forward to taking over full entrepreneurial responsibility for Myjobs and bringing the company to the next level together with a great team.” Mya Thandar Oo, Chief Sales Officer of MyJobs says.

Ringier AG, Corporate Communications

About MyJobs

MyJobs Myanmar has been the pioneer of recruitment services in Myanmar since 2012 and is the number one recruitment platform. With offices in Yangon and Mandalay, MyJobs Myanmar offers Online Recruitment, Executive Search, Job Fair, Employer Branding and Assessment services for positions and vacancies in Myanmar. Since September 2018, MyJobs has been part of the Swiss based Ringier AG. There are around 3,500 real active jobs listed on the MyJobs.com.mm platform. MyJobs represents Myanmar in “The Network”, the global organization of leading online recruitment companies. Over 1.9 million people follow MyJobs on Facebook.

About Duwun

Duwun began in 2015 as the first digital media platform for Myanmar’s new generation. With backing from Ringier and local partner Information Matrix, Duwun has become the leading online source for news, entertainment and lifestyle for Millennials and Gen-Z audiences. In 2020, Duwun acquired local digital marketing agency, Irie Digital, becoming the only business in Myanmar able to provide both direct media solutions and digital marketing services.