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.
Launches a Big Data platform that will share customer behaviour data with consumers such as car manufacturers, dealers, banks and insurance companies.
Frontier Digital Ventures, which operates online classified businesses in frontier markets, has announced the appointment of Jason Thoe as director of Growth & Operations, Auto Verticals.
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.
Expect Internet TV service iflix to raise well in excess of US$100 million as it presses on with delivering great entertainment value to its subscribers.
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.
Digital News Asia (DNA) continues a weekly series that profiles the top 50 influencers, movers and shakers who are helping shape Malaysia’s Digital Economy. These articles are from Digerati50, a special print publication released in January 2014. For information on customised reprints of Digerati50, email [email protected].
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.
Catcha Group’s Patrick Grove chats with DNA founder Karamjit Singh about what led to iBuy’s birth and his excitement over the e-commerce momentum in South-East Asia.