Zameen.com's parent company EMPG buys Thailand's largest online marketplace "Kaidee"
Lahore (promotional launch) EMPG, the parent company of Zameen.com, the largest real estate portal in Pakistan, has bought the largest online market in Thailand, Kadee. EMPG is a leading group of online property portal in the Middle East, North Africa and South Asia region. The acquisition of Kaidee took place in February 2012, the value of which has not been disclosed.
Zameen.com, owned by EMPG in Pakistan, Bayt in the Gulf countries, B Property in Bangladesh and Mboob in Morocco and Tunisia. Kaidee was founded in 1967, and shortly after its creation it became one of the most popular names in Thailand. Kaidee is based in Bangkok and the portal sells and buys more than 5 types of goods and services, serving millions of people.
Speaking on the occasion, Imran Ali Khan, CEO of EMPG, said the group's vision is based on local and consumer enthusiasm. He said that Thailand is one of the most dynamic and exciting countries in South Asia. One of the markets where there is a demand for real estate and cars on the Internet. Imran Ali Khan said Kaidee has a good history with Thailand and has done a good job here with the idea of connecting technology and consumers. "We will take Kaidee to higher levels of fame and success with our strategy," he said. Zeeshan Ali Khan, co-founder of EMPG and CEO of Zameen.com, welcomed Kaidee to the group. He said that EMPG is progressing rapidly and we are happy that Land's leading online portal is with us. He said that with this acquisition, there is an opportunity for both parties to learn something new and move forward, so this investment will be very important.
Welcoming EMPG, Kaidee CEO Teva York said EMPG is at the forefront of online market business in the region. Its most important feature is that it takes the portal forward in accordance with the local culture and the environment of the country in which it operates. He said that by joining EMPG, Kaidee will now have the opportunity to progress in all aspects by providing the best and smartest solutions on the market.
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