Independent Chinese news portal
 
 Merdeka Review
 
 is facing closure at the end of this month as their funders, who have hitherto remained anonymous, have suddenly decided to pull out.


 In a statement today, the news portal appealed for public donations and investors to meet its RM60,000 monthly expenditure.


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 "You decide whether we can stay on by donating to us now!" read the urgent statement.


 The company said that although advertisement revenue had been rising over the past year, it is still insufficient to sustain the company.


 "With the funders' recent decision, we have no choice but to appeal to our readers and friends who love to see a better Malaysia by donating to
 
 Merdeka Review
 
 ," said the company.


 
 
 Victim of highly competitive environment
 
 




 
 Merdeka Review
 
 is the latest Malaysian online news organisation to become a casualty of an increasingly competitive industry, often offering unfavourable returns.


 In September last year, another prominent news portal
 
 The Nut Graph
 
 had to cease
 <a href="http://malaysiakini.com/news/138085" target="_blank">
 
 daily operations
 
 </a>
 and turn into a weekly, publishing only on Mondays.


 Established in August 2008 by veteran journalist Jacqueline Ann Surin and Cindy Tham,
 
 The Nut Graph
 
 exhausted its seed funding in March 2010.


 
 Merdeka Review
 
 was founded n August 2005 by former New Era College lecturer Chang Teck Peng. The portal later expanded by featuring a Malay supplement.


 Other than donating and investing in the company,
 
 Merdeka Review
 
 would also like to hear from its readers on whether they support its efforts to stay afloat.


 Those who wish to donate to the company can do so at the following bank accounts under the
 
 Merdeka Review Sdn Bhd
 
 name.


 
 Hong Leong
 
 : 04001025891


 
 EON Bank
 
 : 0595110002973


 
 Maybank
 
 : 514440123099

<img align="left" alt="NONE" height="64" src="http://mk-cdn.mkini.net/365/b4b81ce088d25e0511afa9a220d333db.gif" width="64"/>
Chinese news portal is facing closure at the end of this month and is in dire need for funds to stay afloat.

News portal Merdeka Review sends SOS for funds

~RM12

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