Jenny Chan 陳詠欣
Aug 9, 2013

XM Asia acquires Designercity in Hong Kong for its 'digital ethos'

HONG KONG - XM Asia Pacific is continuing its expansion in the region with the acquisition of a majority stake in local digital consultancy Designercity, for an undisclosed sum.

Hong Kong Tourism Board is one of Designercity's major clients.

The deal, XM’s third acquisition in 18 months, extends the company’s reach into North Asia. XM Asia, which already has offices in Singapore and Malaysia, bought Magnivate Group in Indonesia last year, and completed the acquisition of Thomas Idea in Thailand during March 2013.

Paul Soon, CEO of XM Asia Pacific, said the JWT-owned agency has solidified its position in Southeast Asia, and Designercity, being a powerhouse in Hong Kong, marks the start...

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