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.

Carsome completes latest financing round, bringing liquidity position to $200M

Malaysia-based integrated car e-commerce platform Carsome Group Inc, has on Monday announced the closing of its latest fundraising round, which brings the group’s liquidity position to approximately $200 million.

Carsome refutes funding bid from government; says its liquidity position remains robust at over $150M

Malaysia-based integrated car e-commerce platform Carsome has denied the report that it has petitioned to the Ministry of Finance in Malaysia for funding as its liquidity position remains strong at $150 million.

KAF-Carsome consortium targets to launch digital bank as early as year-end

Carsome, together with FinTech firm Jirnexu and digital remittance platform MoneyMatch, forms part of the consortium led by KAF Investment Bank which will be licensed under the Islamic Financial Services Act (IFSA) 2014.

Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Cheng

“We've been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Officer Eric Cheng said .

Malaysia’s Carsome bolsters Indonesian operations via Electrum partnership and Nusantara expansion

Malaysia-based integrated car e-commerce platform Carsome is bolstering its Indonesian operations via partnership with Indonesian electric vehicle (EV) firm Electrum and has committed to investing in expanding its business in the nation’s planned Nusantara capital. 

TechNode Global’s Top 10 feature articles in 2022

We have written some analysis and feature articles in 2022, covering various sectors, including FinTech, DroneTech, Web3, and electric vehicles, among others. Here are the most popular ones:

Carsome Mobility Lab unveils five up-and-rising stars

Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day. The five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and…

Malaysia’s Carsome banks on digital banking to complement existing car business

In the interview, Kee also shared the opportunities Carsome sees in building a digital bank in Malaysia and the competitive edge it has against others. He, however, declined to comment on the launching timeline of the digital bank.

Malaysia’s Carsome announces ‘group-wide accelerated profitability plan’ including job cuts

As part of the "employee base optimization", Carsome said it will focus on improving productivity across the business, aligning resources with contributions to the bottom line, and enforcing stricter performance management. This strategy will impact a certain number of employees, who will receive their full severance package and extended health benefits…