Rappler Holdings Corporation

Rappler Holdings Corporation owns 98.77 percent of rappler.com, records at the Securities and Exchange Commission show.

Its officers are the same as Rappler, Incorporated’s: Manuel Ayala as chairman, Maria Ressa as president, James Bitanga as treasurer, and Jose Maria Hofilena as secretary. In addition, Nico Nolledo and Glenda Gloria sit in the board.

Media group Dolphin Fire Group, Incorporated has the largest stake in Rappler Holdings at 31.21 percent. Ressa has 23.77 percent shares while Hatchd Group, Incorporated and Benjamin So have 17.86 percent shares each. The four combined own 91 percent of the company.

Dolphin Fire Group is 99.94 percent owned by investment house Menlo Capital Corporation. One of the shareholders of Menlo Capital Corporation is businessman Lucio Tan, Jr. with 49.99 percent shares, Bernard Rabanzo with 34.98 and Melanie Villanueva, with 9.96 percent. Spanish Javier Carlos Montes also owns 5.06 percent of Menlo.

Tan is the president and chief executive officer of Eton Properties, a real estate development company. He also has interests in airline, bank and wine distillery, among others, and is the son of Chinese-Filipino taipan Lucio Tan, Sr.

Rabanzo, meanwhile, is the president of mining company MRC Surigao Mines, and the compliance officer of property development firm MRC Allied.

Menlo Capital Corporation has 51 percent shares in MRC Allied, which is also in mining and power sector.

Shareholders of Hatchd Group, meanwhile, include Ayala and Nolledo.

Aside from these, Rappler issues Philippine Depository Receipts (PDRs) to get funds outside of the country. In 2015, it announced that philanthropic investment firm Omidyar Network and international investment firm North Base Media has poured in money for the digital media outlet.

Omidyar Network is founded by eBay founder Pierre Omidyar. According to its website, it invests in “entrepreneurs who share (their commitment to advance) social good.” The firm has investments in education, emerging technology, financial inclusion and property rights, as well as government and citizen engagement.

Meanwhile, North Base Media also invested in media and media technology across UK, Israel, USA, Bulgaria, Latin America, India, Hong Kong, Taiwan, Germany and Dubai.