Eric Cheng

Malaysia's Carsome to buy iCar Asia in US$200mil deal that will create largest used car digital automotive marketplace in SEA
Malaysian-based Southeast Asian used-car e-commerce platform has cemented its position as a leading player in the region with its proposed US$200mil acquisition of iCar Asia, an ASX listed Southeast Asian focused car listing platform.
Carsome sets up centre of excellence, appoints data chief
Car e-commerce platform, Carsome, has set up a data center of excellence (CoE) to revolutionize the used car industry through digitalisation and empower decision-making in business.
Carsome steers into first motorsports sponsorship
As part of its brand-building commitment, Carsome is now a sponsor of the B-Quik Absolute Racing Team Car #1
Carsome raises US$30mil Series D round
One of largest all-equity rounds to date in SEA’s online automotive sector Eyeing US IPO by end 2023 as market interest for its segment is strong there
Carsome appoints Juliet Zhu as its first chief financial officer
Appointment will help the company strengthen its market position as SEA's leading used-car trading platform and ecosystem anchor.
Carsome Raises US$50m Series C via equity and debt investments
40,000 cars transacted annually on Carsome, 1% of SEA used car market Combination of equity and debt investments from new & existing investors
Funding Societies partners Carsome to reach underserved local used car dealers
Dealer financing tie up offers up to US$200 million in financing opportunities.
Carsome names Danny Chin as group chief marketing officer
Will lead all brand marketing, consumer marketing and trade marketing activities across the region.
Carsome expands across Malaysia
Used car trading platform opens inspection centres in Penang, Johor Bahru and Malacca.
The founder who moved from digital to Brick&Mortar
While the coworking trend is to be minimalist and targeting tech startups and freelancers, Tiah is betting on winning high-end customers through a combination of aesthetics and lavish design.
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