ASIA TELESHOPPING MARKET ANALYSIS

Market News

Asia Teleshopping Market: Key Developments

1. In April 2015, Naaptol Online Shopping, a company which own and operates TV shopping and ecommerce platform raised Rs 136 crore from Japanese conglomerate Mitsui & Co.
2. In February 2016, Zee Media Corp. Ltd announced that it is entering into television shopping business by acquiring a stake in two India Today Group companies which includes, Today Merchandise Pvt. Ltd (TMPL) and Today Retail Network Pvt. Ltd (TRNL). Zee Media Corp. Ltd had bought 80% stake in these companies.
3. In September 2017, Global Home Shopping (GHS), China\'s leading media group, has acquired 51% stake in the CitrussTV, Middle East\'s home shopping TV channel. With the help of this acquisition, company planned to offer a wide range of products at discounted rates to Chinese consumers as compared to shopping malls and stores.