doing business in myanmar – what you need to know as a singaporean
Australia based Frontier Digital Ventures (FDV), is a a that was founded in May 2014 and headquartered in Kuala Lumpur, Malaysia. It focuses on becoming the world leader in online classifieds businesses in frontier markets. They are experts in the online classifieds space with a particular focus on property and automotive verticals and general classifieds websites, and are proud of the amazing track record in building and supporting great companies they hold.
They love frontier markets and thrive on the excitement and challenge they present as well as the opportunity they offer to self-starting entrepreneurs to become effective game changers. They seek out entrepreneurs with integrity, unwavering self-belief in their online classifieds business and extraordinary passion to make it succeed. With the extensive support they offer, coupled with their own energy and work ethic, Frontier Digital Ventures is bringing outstanding companies of global significance to their full potential and setting a new global standard of excellence in the field.
The FDV Company is a listed company registered at Australia Stock Exchange. This company will invest millions of US dollars into a local real estate website; iMyanmarHouse.com.
The website is an online real estate service website, operated with 100 employees with over 1 million visitors every month. It hosts many housing expos partnering with various developers, whilst selling 200,000 ads on its website.
The website will not disclose the investment amount of FDV, and simply said agreeing to FDV’s investment is not only for finance but also for FDV’s expertise, experiences and knowledge as well as its reputation.
“FDV invests in real estate service websites in developing countries. So far FDV has made 15 investments around the world, providing finance and technology to make the business improve. One of the real estate services we invested, which is in Pakistan is now worth over $220 million. We are confident that iMyanmarHouse.com will grow rapidly in a few years under the leadership of U Nay Min Thu,’’ Mr Shuan Di Gregorio, Founder of Frontier Digital Ventures (FDV), said.
“We are proud to partner with a company listed at Australia Stock Exchange. It has a lot of experience. It managed to make their business iProperty successful within years and sold it at over $530 million,’’ U Nay Min Thu, Founder and Managing Director of iMyanmarHouse.com, said.
Source: Myanmar Business Today
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