Naspers, Schibsted Media Group, Telenor Group and Singapore Press Holdings established a joint venture to develop online classifieds platforms in four key markets – Brazil, Indonesia, Thailand and Bangladesh. Financial terms were not disclosed. The establishment of the joint ventures will bring substantial benefits to consumers, as they will be able to buy and sell goods on better and more comprehensive market places. The businesses will also be able to share cost, expertise and people to more effectively build awareness of the benefits of a vibrant online classified offering to consumers. “Combining our expertise and sharing costs means we can build much better awareness among consumers of the huge benefits of online classifieds. We’ll also be able to expand the products and services we offer to exist and new buyers and sellers," Martin Scheepbouwer, Naspers CEO of Classifieds.