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Carsome Group (Carsome) is a Malaysia online used car trading platform that operates in Malaysia, Indonesia, Thailand, and Singapore.It was founded in 2015 with the aim of digitize the traditional used car buying and selling process by leveraging technology and providing a convenient and transparent experience for both buyers and sellers. [1]
[5] [6] In August 2019, Carro raised $30 million in a round of series B funding and used the funds to acquire the Indonesian e-commerce site Jualo.com. [6] In September, Carro announced the inception of its operations in Malaysia through a $30 million investment into the car-bidding online platform Carro Malaysia (formerly myTukar). [7] [8]
12 Malaysia. 13 North Korea. 14 Pakistan. 15 Philippines. 16 South Korea. 17 Sri Lanka. 18 Syria. 19 Taiwan. 20 Thailand. 21 Turkey. 22 United Arab Emirates. 23 ...
Malaysia's car industry is dominated by two local manufacturers which are heavily supported by the government through National Car Policy e.g. trade barriers. These local manufacturers are Proton and Perodua. [2] These excise duties imposed on foreign manufactured cars have made them very expensive for consumers in Malaysia.
The automobile manufacturer is popular in Malaysia, with the Perodua Myvi having sold 80,327 units in 2006, outselling its rival's best-selling car, then the Proton Wira, which sold only 28,886 units in Malaysia. In the period 2006–2010 Perodua was the best-selling car company in Malaysia.
Volvo Car Manufacturing Malaysia (VCMM) operates an assembly plant in Shah Alam with an annual capacity of 10,000 units. VCMM assembles Volvo passenger cars for both domestic and export markets. Volvo Car Manufacturing Malaysia is a wholly owned subsidiary of Sweden-based Volvo Car Corporation. The 50-year-old VCMM plant is the oldest ...
Malaysia's first tech unicorn startup, automotive e-commerce platform Carsome, raised $290 million in a Series E funding round to expand its product, technology and infrastructure in Malaysia, Indonesia and Thailand. This latest funding round values the used-car online marketplace at $1.7 billion. [124]
The Bufori Motor Car Company Pty. Ltd. is a proprietary company limited by shares and registered in Australia, as is the Bufori Motor Car Company (M) Sdn. Bhd. in Malaysia. Originally, all of the manufacturing and sales operations were conducted in Australia , but in 1998 full production moved to new facilities in Kepong , a suburb of Kuala ...