Malaysia’s digital used car ecosystem, myTukar and Genie Malaysia, have recorded strong sustainable growth.
Aco Tech announced a new strategic partnership with UOB Malaysia, Fasspay and Five Petroleum Malaysia, to deliver newgeneration user experience.
Carsome has formally announced the acquisition of digital automotive content businesses WapCar and AutoFun from Tang Internet Ltd.
Sime Darby Auto Connexion (SDAC), the sole distributor for Ford in Malaysia, has partnered with e-commerce platform SpareXHub to offer great savings from 64% on selected genuine Ford aged spare parts from now until March 31.
Carsome has officially launched Carsome Certified Lab which it claims is the largest car refurbishment facility in the region.
myTukar has partnered Daihatsu Malaysia to enhance the used car selling process.
In a clear demonstration of investor interest, Southeast Asian-based (SEA) e-commerce car platform Carsome has announced a US$290 million Series E raise at a post-money valuation of approximately US$1.7 billion.
Proton Holdings Berhad has selected Maxis as its partner to deploy a 5G use case comprising multiple converged solutions to power up its Tanjung Malim plant, with network installations beginning October.
Vishnu Nambiar will drive Carsome’s next stage of transformation through leading the technology team and spearheading the strategy on deploying technology to address the automotive industry’s needs.
Carsome marks its first investment in Southeast Asia in 2021 as it acquires a stake in PT Universal Collection (PT UC), a Jakarta-based offline car and motorcycle auction company.