Press Release

Carsome Introduces RM55.5 Million Dealer Alliance Support Program to Boost Used Car Industry

Kuala Lumpur, 13 May 2020 – Southeast Asia’s leading online used car selling service, Carsome recently launched the Carsome Dealer Alliance Support Program to create sales and growth opportunities for used car dealers through bonus rewards and credit lines. The Carsome Dealer Alliance Support Program, worth up to RM55.5 million, facilitates sustainable development for Carsome’s …

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Carsome’s Leadership Team Sets Up COVID-19 Support Fund For Its Employees Across Southeast Asia

Malaysia, 13 April 2020 – Southeast Asia’s leading used-car selling service, Carsome has announced that they have set up a COVID-19 Support Fund for all of their employees in Malaysia, Indonesia, Thailand and Singapore. The US$50,000 fund is sponsored by Carsome with contributions by its management team from their respective salaries. It will cover Carsome’s …

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Carsome Strengthens Senior Leadership – Appoints Juliet Zhu, as Chief Financial Officer

Carsome, Southeast Asia’s leading used-car trading platform has appointed Juliet Zhu as its Chief Financial Officer (CFO) from 1 January 2020. Juliet brings extensive experience having worked in Long-Short Hedge Fund focusing on the Technology sector as well as in Director and Board Member roles in various Venture Capital (VC) funds and companies. This includes …

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Carsome Raises US$50 Million Series C Funding In Equity & Debt From Strategic Global Investors and Banks to Expand Leadership in Southeast Asia

Kuala Lumpur, Malaysia – 11 December 2019 – Carsome, Southeast Asia’s leading used car trading platform, today announced it had completed the equity closing for the US$50 million Series C.  The current financing round welcomed new investors including MUFG Innovation Partners (MUIP), corporate venture capital arm and a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, …

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