iCar Asia Limited raises US$13.3m with a further US$4.1m within 2 months to deepen its reach in its current markets of Malaysia, Indonesia and Thailand.
Carlist.my will now focus on satisfying buyers and consumers first, dealers second. Why the change? Why now? Goh Thean Eu finds out.
After making the tough decision to shut down several lines of business, Malaysia’s Rev Asia Holdings Sdn Bhd has embarked on a three-year roadmap that it says will transform it into one of the largest digital media companies in the region.
While the overall stock market picture in 2014 seemed gloomy, some companies managed to dodge the larger trend, in particular those tech companies owned by entrepreneurs who made into Digital News Asia’s inaugural Digerati50 list, writes Goh Thean Eu.
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.
Loss of A$6mil, says on track to breaking even Aims to be clear No 1 player in Thailand within 12mths
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 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.
Catcha subsidiary iCar is going to use the same business model as its property classifieds sister company iProperty: Acquire, consolidate and conquer.