ASX-listed REA, Singapore's 99.co join forces ahead of rival PropertyGuru's IPO

ASX-listed REA, Singapore's 99.co join forces ahead of rival PropertyGuru's IPO

99.co founder and CEO Darius Cheung and Facebook co-founder Eduardo Saverin. Photo: Bloomberg

Australia-listed digital advertising firm REA Group and 99.co, a Singapore property portal backed by Facebook co-founder Eduardo Saverin, are establishing a joint venture that the duo claims will be the largest online property listing platform in Indonesia and a stronger top position contender in Singapore.