MANILA, Philippines - ABS-CBN Corp., the country's leading information and entertainment multimedia conglomerate, is teaming up with South Korean conglomerate CJ Group for a new TV home shopping venture.
In a disclosure to the stock exchange, ABS-CBN said it is investing at least P200 million in a joint venture with CJ O Shopping, one of the world's largest home shopping companies.
"The joint venture, A CJ O Shopping Corp., combines the strength of the two industry giants to empower Filipinos with information about reliable and world-class products that they can obtain through time-saving purchasing process," ABS-CBN said.
The O Shopping channel has started broadcasting 24/7 shopping programs via SkyCable and Global Destiny on Channel 11, as well as programs through ABS-CBN’s Channel 2 and Studio 23 last October 15.
CJ O Shopping is the cable home shopping channel of South Korean conglomerate CJ Group. CJ O Shopping has entered several Asian markets, including China, India, Japan, Vietnam and Thailand.
May katapat na sa kabilang dako ng Pacific Ocean ang Home Shopping Network (HSN)!
ReplyDeleteYung kabila meron din, makiki-team up din sila sa leading sardines canning companies dito sa atin to ensure the continuing supply of sardines sa mga bobo at tangang supporters nila.
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