iCar Asia Ltd has appointed Harry Antarakis as chief marketing officer. He will be responsible for marketing strategy across all the group’s automotive websites in Malaysia, Thailand and Indonesia.
All eyes are on the entry of Car X Services Sdn Bhd’s MyMotor.my into the Malaysian online automotive classifieds space, currently dominated by ASX-listed iCar Ltd and Singapore’s 701Search Pte Ltd.
Malaysia’s automotive online classifieds market, currently dominated by established portals such as Carlist.my and oto.my, is expected to heat up with the entry of a new player, Car X Services Sdn Bhd, 80%-owned by e-government services giant MyEG. Goh Thean Eu has the story.
South Africa’s Naspers Ltd, Norway’s Schibsted Media Group and Telenor Group, and Singapore Press Holdings have agreed to establish joint ventures to develop their online classifieds platforms in four key markets: Brazil, Indonesia, Thailand and Bangladesh.
Telenor has taken a strategic step toward increasing its presence on mobile devices and in delivering consumer Internet services in South-East Asia, taking a 33.3% stake in 701Search for €180 million (US$245.8 million).