Singapore, 26 February 2017 - Singapore Press Holdings (SPH) today signed a Joint Venture Agreement (JVA) with ZBJ Network, Inc., China's largest online creative services platform.
Under the JVA, both companies will develop the first of its kind B2B (Business to Business) bilingual online creative services platform targeted at Small and Medium Enterprises (SMEs) in Singapore, Malaysia and other parts of South East Asia.
The JVA was signed by Mr Anthony Tan, Deputy CEO of SPH and Mr Wang Nan, President of ZBJ Network, Inc. in Beijing, China. Mr Chan Chun Sing, Minister of Prime Minister’s Office, Singapore and Mr Zhang Guo Qing, Mayor of Chong Qing City, witnessed the signing ceremony which was held before the Singapore-China Joint Council for Bilateral Cooperation (JCBC) Meeting in Beijing.
ZBJ Network, lnc. operates zbj.com - an online marketplace providing creative services like logo design, translation, website design and development for businesses. Established in 2006, today it has over six million registered users and 13 million service providers, with a market share of over 80% and transacted value was 7.5 billion RMB.
For the collaboration, SPH will leverage its SME networks in Singapore and the Asia Pacific region, as well as provide sales and marketing expertise, advertising and publicity on its print and digital platforms, and competitive digital bundling. ZBJ Network, Inc. will provide operational expertise and training, and product and technology development.
Mr Tan said: "With this partnership, SPH will provide a one-stop holistic package for local SMEs which are searching for comparable creative services here and from China. Similarly, the businesses in China could also reach out to our service providers here. This is a significant move for both companies, which will in turn forge closer ties between China and Singapore."
Mr Wang said: “ZBJ aims to replicate our online services in the global market, providing professional corporate solutions to SMEs. Our users come from 25 countries and regions. In this partnership with SPH, ZBJ will leverage our extensive data, creative services, corporate clients and supply chain, to provide design, marketing and business development services to the businesses in Singapore and Malaysia.”
The name and contents of the new platform will be announced in late 2017.
SPH’s online classifieds include the leading online marketplace for jobs (STJobs, FastJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds,Trezo), sgCarMart and StreetSine.
SPH's regional joint venture online classified business has a number of leading online classified sites in the region.
Events and Exhibitions
Sphere Exhibits, Sphere Conferences, Exhibits Inc and Bizlink Exhibition Services organise innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region.
SPH has a 22 per cent stake in preschool and enrichment provider MindChamps.
For more information, please visit www.sph.com.sg.
As a leading service crowd-sourcing platform and representative of sharing economy business in China, since its founding in 2006, Zbj.com has focused on service transactions and been committed to making integrity services accessible to everyone and helping medium-sized, small and micro enterprises grow and develop.
Its portfolio of services covers six areas i.e. graphic design, software and website development , marketing , copywriting, animation design, video production, industrial design and architectural design, which can be further divided into six hundred segments. What it offers are one-stop full-life-cycle services for entrepreneurs.
So far, Zbj.com provides services to six million Chinese and foreign employers and 13 million service providers, with a market share of over 80% and transacted value was 7.5 billion RMB.
With the tremendous amount of transaction data accumulated over the past decade, Zbj.com has innovated a brand-new mode of business. Adopting the strategy of “data ocean plus platform services”, it has launched services such as Zbj Intellectual Property Rights (IPR), Zbj money, Zbj Projects, Zbj Printing, etc. In the meantime, Zbj.com has also established Zbj startup spaces for people to start their business all over China, actively promoting mass entrepreneurship and mass innovation in 100 cities and continously improving the biosystem of service.
In June 2015, Zbj.com secured a Round C investment of 2.6 billion RMB from Cybernaut and a Chongqing-based state-owned enterprise. Now its market value is estimated to be 11 billion RMB . In the past decade of operation, Zbj.com has upheld a development concept giving equal priority to commercial and social value and thus won continuous attention and support from governments at different levels and organisations. It has reaped a series of prizes and awards and grown into a reputed dotcom.