KUALA LUMPUR – Catcha Group is pleased to announce the inclusion of four of its companies in a report published by Business Insider on ASEAN’s 8 Biggest Internet Companies, based on their market capitalization1, with the iProperty Group (ASX:IPP) holding top honours. The eight companies listed have a collective market capitalization of S$2.9 billion, with Catcha Group companies comprising S$1.3 billion of the total.
|
Rank |
Company |
Major Shareholder |
SGD millions |
|
1 |
iProperty Group Ltd |
Catcha Group |
739 |
|
2 |
My EG Services Bhd |
TS Wong |
667 |
|
3 |
JobStreet Corp Bhd |
Seek |
667 |
|
4 |
iCar Asia Ltd |
Catcha Group |
353 |
|
5 |
iBuy Group Ltd |
Catcha Group |
185 |
|
6 |
MigMe |
Big Build Enterprises |
105 |
|
7 |
Asiatravel.com Holding Ltd |
Beijing Toread Outdoor Products Co Ltd |
88 |
|
8 |
Rev Asia Berhad |
Catcha Group |
55 |
Leading the race, iProperty, is the owner and operator of Asia’s leading network of property websites in Singapore, Malaysia, Hong Kong, Macau and Indonesia, with investments in India and the Philippines. The company listed on the Australian
Securities Exchange (ASX) in 2007, and was subsequently added to the S&P/ASX 300 index in March 2014. News Corporation’s (NASDAQ:NWS) investment of S$125 million in iProperty in July 2014, not only makes the company the most highly valued publicly traded stock in the region, but further re-affirms the growth potential of the ASEAN market.
ASEAN has in recent years become a hub for digital adoption. Asia Briefing reported in E-Commerce Across Asia: Trends and Developments 2014, that e-commerce in the region, specifically in Singapore, Malaysia, Indonesia, and the Philippines have seen dramatic gains, with Singapore and Malaysia leading the pack, accounting for 50 percent of total online sales for ASEAN.
Catcha Group CEO and co-founder, Patrick Grove: “We are excited to be on the forefront of the digital movement in ASEAN. We recognized the immense potential of these emerging markets early on and are committed to furthering growth and development of the Internet businesses in the region.”
Catcha Group is a leading international investment firm focused on new media and e- commerce businesses in emerging markets. The Company’s holdings include four publicly listed entities and over 50 additional private investments in the digital space, with a portfolio of online assets worth well in excess of US$1 billion.
Catcha Group has successfully completed four separate IPOs to date: iProperty Group (ASX:IPP) owner and operator of Asia’s number one network of property websites; Rev Asia Berhad (ACE:0173), Malaysia’s leading online media and publishing company; iCar Asia (ASX:ICQ), which owns and operates ASEAN’s largest network of online automotive classified and content sites; and iBuy Group (ASX:IBY), owner and operator of Asia’s leading network of e-commerce websites.
Investors in Catcha Group companies include REA Group Limited, Carsales.com Ltd, Star Media Group (Malaysia), Intel Capital along with several other venture capital and private equity funds. The firm was established in 2004 and is located in Kuala Lumpur, Malaysia.
Patrick Grove is the co-founder and CEO of Catcha Group, an international investment firm focused on new media and e-commerce businesses in emerging markets. He is co-founder and Chairman of Catcha Group’s ASX-listed companies, including iProperty Group (ASX:IPP), iCar Asia (ASX:ICQ), and iBuy Group (ASX:IBY). He is additionally co-founder and a Director of Rev Asia Berhad (ACE:0173), one of Southeast Asia’s leading digital media groups.
Over the last decade, Patrick has since built several high profile businesses in Asia and has been independently and widely recognised with numerous international awards, including: Global Leader of Tomorrow by the World Economic Forum; New Asian Leader by the World Economic Forum; Young Entrepreneur of the Year by the Australian Chamber of Commerce, Singapore; Asia’s Best Young Entrepreneur by Bloomberg Business Week; and Australia Unlimited’s Global 50.
