Damon Rielly
Automotive online classifieds market heats up with MyEG entry
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.
iCar net loss widens, remains optimistic on long-term goals
Loss of A$6mil, says on track to breaking even
Aims to be clear No 1 player in Thailand within 12mths
Carlist.my launches inventory and response management system
Carlist.my has launched a Response Management System, describing it as the first such platform in the market.
Tim Fleming joins iCar Asia as general manager of media
iCar Asia Pte Ltd has announced the appointment of Tim Fleming as general manager of media.
Joe Dische appointed iCar Asia CFO
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.
iCar raises additional A$7.2mil, to be used to fund Carlist.my
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.
Carlist.my secures US$13.5mil investment from Australia’s carsales.com
iCar Asia said it has secured a RM42.2-million (US$13.5-million) strategic investment from Australia’s carsales.com Ltd for its local automotive classifieds site Carlist.my, calling it the largest online deal in Asean this year.
iCar Asia acquires another auto website
ASX-listed iCar Asia Limited, which claims to own Asean’s No 1 network of automotive portals, announced it has entered into an agreement to acquire DQBP Sdn Bhd, owner and operator of LiveLifeDrive.com.
