Ensogo, formerly known as iBuy, has moved to downsize its operations across the region with significant numbers of staff being laid off in multiple markets.
Automotive online classifieds company iCar Asia Ltd has agreed to buy One2Car, Thailand’s largest online classified site, for A$16.7 million, comprising A$13.4 million cash and A$3.3 million worth of new iCar shares.
Despite being ordered by the board to cut A$250,000 a month in opex and witnessing its share price take a dive over the last three months, the soon-to-be rebranded iBuy Group is in the best financial shape ever, claims its new CEO Krzysztof Marszalek.
A new exit opportunity opens for startups based in Malaysia, while the continued good progress made by iMoney inspires, writes DNA founder Karamjit Singh.
Singapore-headquartered Internet venture accelerator Fatfish Internet Group Limited has appointed former Accenture Asia managing partner and renowned tech investor Larry Gan as non-executive chairman.
Sydney- and Singapore-headquartered 8common Limited said that its initial public offering (IPO) has now closed well oversubscribed following strong support from Australian- and Asian-based investors.
One-time dotcom darling Nic Lim has waited 14 years to list and will finally get his day in mid-August on the Australian Stock Exchange.
iCar Asia said it has secured a RM42.2-million (US$13.5-million) strategic investment from Australia’s carsales.com Ltd for its local automotive classifieds site Carlist.my, calling it the largest online deal in Asean this year.