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.
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Carlist.my has launched a Response Management System, describing it as the first such platform in the market.
iCar Asia Pte Ltd has announced the appointment of Tim Fleming as general manager of media.
iCar Asia, which runs a network of automotive portals across the Asean region, has announced the appointment of Joe Dische as chief financial officer (CFO), effective June 9.
iCar Asia Ltd has announced an additional investment of A$7.2 million (US$6.5 million) from ASX-listed carsales.com Ltd, which it would invest into product development and marketing activities of its market leading brand Carlist.my.
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.
ASX-listed iCar Asia Limited, which claims to own Asean’s No 1 network of automotive portals, announced it has entered into an agreement to acquire DQBP Sdn Bhd, owner and operator of LiveLifeDrive.com.