Carsome
Features,News,Singapore,eCommerce,SEA
Softbank-backed Carro seeks valuation above $2B as it prepares for IPO- report
Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.
April 16, 2024
News,Malaysia,Electric Vehicles & Mobility
Malaysia’s Carsome appoints Eric Chan as Group President and COO
Carsome Group Inc., an integrated car e-commerce platform in Southeast Asia, has on Thursday revealed strategic leadership transitions designed to fortify further the company’s commitment to growth and operational efficiency.
March 14, 2024
News,Malaysia,Electric Vehicles & Mobility
Chery Malaysia partners Carsome for vehicle trade-ins and training
Chery Malaysia has signed two memorandum of understanding (MoU) with Carsome and Carsome Academy. The primary focus of these partnerships is to improve vehicle trade-ins and enhance soft skills within the brand's network of representatives.
January 23, 2024
Vietnam,News,SEA,Indonesia,Singapore,Malaysia
TNGlobal’s Top 10 most-read news articles in 2023
The global wave of layoffs hitting US tech companies like Meta, Amazon, and Twitter has also come to Southeast Asia amid a slowdown in fundraising activities for tech startups. Tech companies including venture capital-backed startups in Southeast Asia have also announced layoffs and austerity measures to cope with the uncertain macroeconomic situation.
December 20, 2023
News,Malaysia,Thailand,Features,SEA,Indonesia
Malaysia’s unicorn Carsome cutting “hundreds of jobs” to reach profit – report
Carsome “makes adjustments to its workforce where necessary,” the company said in an emailed response to Bloomberg's questions, declining to comment on specific numbers. “We remain committed to investing in all of our current markets and plan to accelerate profitable growth in 2024.”
November 17, 2023
Carsome appoints Miguel Fernandez as CFO
Southeast Asia’s largest integrated car e-Commerce platform Carsome Group Inc. has on Wednesday announced the appointment of Miguel Fernandez as its Group Chief Financial Officer, effective from November 1, 2023.
November 8, 2023
Malaysia’s unicorn Carsome open to new funding, open to dual-listing – report
Carsome is ready for an initial public offering (IPO) but is in no rush to list.
September 13, 2023
News,Malaysia,SEA,Transportation
Carsome appoints former PwC Singapore chairman as first independent director
Southeast Asia’s largest integrated car eCommerce platform Carsome Group Inc. has on Monday announced the appointment of Yeoh Oon Jin to its board as its first Independent Director, effective from June 30, 2023.
July 10, 2023
Carsome partners PolicyStreet to introduce personal accident coverage in Malaysia
Malaysia-based user car platform Carsome has partnered InsurTech firm PolicyStreet to introduce Carsome Care+, a car personal accident coverage that also covers car loan payments in the event of unemployment.
July 7, 2023
News,Malaysia,Electric Vehicles & Mobility
Malaysia’s Proton forms partnerships with E-bidding firms myTukar, MUV and Carsome
Malaysian national carmaker Proton has formalized strategic partnerships with three E-Bidding Companies (EBC), namely myTukar, MUV and Carsome, to refine the disposal process of trade-in cars for customers.
July 7, 2023
FPT, NVIDIA team up for $200M AI factory in Vietnam
April 24, 2024
FPT, NVIDIA team up for $200M AI factory in Vietnam
April 24, 2024