In July 2015, Saban Capital Group acquired a minority stake in Giosis Pte Ltd (Qoo10) in a $82 million investment round led by Singapore Press Holdings (SPH). Qoo10 is a leading horizontal e-commerce marketplace in Asia, with market presences in Singapore, Japan, Indonesia, Malaysia and Hong Kong. In 2014, Qoo10 generated Gross Merchandise Value (GMV) in excess of $400 million. Qoo10 was founded in 2010 by its CEO, Mr. Ku Young Bae, and eBay.