Page 5 - Catcha Group News Today

(Bloomberg) -- Akulaku Inc., an Indonesian online lender backed by Jack Ma’s Ant Group Co., is considering a U.S. listing via a merger with a blank-check company that could value the combined entity at about $2 billion, according to people with knowledge of the matter.

(Bloomberg) -- Carsome Sdn., an online used-car marketplace in Southeast Asia, is seeking to raise about $200 million in a funding round ahead of a potential listing in the U.S. next year, according to people with knowledge of the matter.

KUALA LUMPUR: Carsome Sdn Bhd, an online used-car marketplace in South-East Asia, is seeking to raise about US$200mil (RM829.9mil) in a funding round ahead of a potential listing in the US next year, according to sources.

Fintech unicorns are sprouting in an unlikely (or likely) place - the humble Southeast Asian region. But why exactly?

RAJA’S RULE Decolonisation and revolution long ago removed royal families from power in most of Asia, leaving Japan’s emperors as the last hereditary monarchs of much significance to periodically exert some subtle influence. But the past year has seen the region’s most abundant class of royals – the rajas and sultans of the old Malay dynasties – exert unexpected power over the country’s fragmenting political parties. Nine of the Malaysian states are constitutionally headed by tradit...

Malaysian digital media group REV Asia renames to Catcha Digital Details 29 July 2021 REV Asia has changed its name and logo to Catcha Digital. According to the company, this switch marks a new beginning and direction for Catcha Digital and embodies Catcha Group’s active participation within the company’s day-to-day operations. It is also in line with the Group’s goals to become a major player across all segments of digital businesses. Catcha Dig...

BOCOM International, a unit of Hong Kong-listed Bank of Communications, and venture capital firm Cyberport Macro Fund (CMF). Tongcheng Life, a Chinese online community group-buying platform backed by Bertelsmann Asia Investments, has filed for bankruptcy just three years after its inception in August 2018. The startup, which secured an investment of $200 million last June, failed to stay afloat in an increasingly competitive market fuelled by heavy subsidies. All the deals announced in the re...

Malaysia’s Carsome buys iCar Asia in $200m deal Save Share Patrick Grove’s Catcha Group will sell its ASX-listed iCar Asia to Malaysian used car platform Carsome in a deal worth $200 million, topping last year’s approach by Chinese company Autohome. Carsome will initially acquire a 19.9 per cent stake in iCar Asia, an online car classifieds business, and has made a proposal with Catcha Grove to acquire the rest of the company at about 55¢ a share. Patrick Grove’s Catcha G...

Carsome’s co-founder and group CEO Eric Cheng: “This is the first step toward consolidation to form the largest digital automotive group in terms of revenue, user base, largest live listing, and the best end-to-end fulfilment capability in the region.” KUALA LUMPUR (July 13): Carsome Group announced today that it is acquiring 19.9% of Australia-listed iCar Asia Ltd from Catcha Group. It added that Carsome and Catcha Group have made a joint proposal to the independent directors of iCar Asi...

Carsome Group will acquire iCar Asia in a deal worth $200M Southeast Asia’s car marketplace wars are going into high drive. Today Carsome Group, one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. Carsome has agreed to acquire 19.9% of iCar Asia from Malaysia internet conglomerate Catcha Group. In exchange, Catcha Group will become a shareholder in Carsome Group. Carsome and Catcha Grou...