Hamish Stone
iCar Asia receives acquisition offer from China’s Autohome
iCar, the owner of a network of automotive portals, announces it has received a non-binding proposal from Autohome, as well as the first drawdown of its loan facility agreement with Catcha Group
iCar Asia sees cash receipts rise 39% to US$2.9mil in 4Q19
Net operating cash flow improves by 37% for full year 2019 and by 25% year-on-year for 4Q.
iCar Asia to acquire Carmudi Indonesia for US$3mil
iCar Asia strenthens its market position in Indonesia with proposed acquisition of Carmudi Indonesia by Oct 2019 for US$3 million.
iCar Asia’s quarterly net operating cash outflow at 5-year low
Strong cash receipts from customers for 2Q19 of US$2.62 million.
Carlist.my to launch WeChat mini programme
The mini programme for WeChat will be live towards the end of May 2019.
iCar Asia taps into growing New Car market
Launches launched a Lead Market Place in Thailand, Indonesia and Malaysia.
iCar Asia’s 1Q19 cash receipts grows 25%
Malaysia and Thailand record quarterly positive Ebitda and net cashflow for 1Q19.
iCar Asia sees FY18 revenue rise 27% to US$11.6mil
In 2018, two out of three countries that iCar operated in turned profitable.
iCar Asia’s 3Q18 revenue grows 51%
Malaysia and Thailand expected to be the key drivers of pushing the Group to breakeven by December 2019.
iCar Asia sees record revenue in first half of 2018
Revenue rises 12% from 1H17 to US$3,668,020.
