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Global Economy
Briefs: US stocks suffer worst rout in almost 2 years; China stops reporting bond trades by foreigners
Check out this week's top news.
May 19, 2022
SPACs
Carousell, L Catterton spac merger talks end amid rout
The companies were in talks to merge in a transaction that could have valued the combined entity at as much as US$1.5 billion
May 18, 2022
Company in the news
Former Carousell, Airbnb, Fave execs launch e-commerce aggregator Rainforest with US$36 mil seed round
Operational since January, Rainforest has acquired three brands to date in the home and personal care categories.
May 06, 2021
Startups, Entrepreneurs, Digital economy
Carousell reaches US$900 million in valuation following Naver funding
Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities are the other investors in the US$80 million deal.
September 15, 2020
Feature
Carousell Unclassified
Why throw your unwanted things away, when you can Carousell it?
July 17, 2020
Company in the news
Sea rolls with Garena’s gaming business but e-commerce unit Shopee remains in the red
(Sept 16): When Shopee was launched four years ago, the event was held at a second-floor café with about 30 people attending. On Sept 3, the e-commerce subsidiary of New York-listed, Singa pore-based Sea officially opened for business in its own brand-ne
September 13, 2019
Startups, Entrepreneurs, Digital economy
Carousell expands executive team to strengthen South-east Asia operations
SINGAPORE (Dec 3): Carousell, the Singapore-based classifieds marketplace, announced that it has appointed Su Lin Tan (image) as vice president of operations, while Colin Bryar has taken on an advisory role.
January 03, 2019
Fintech
Speedy car loan approval with UOB's digital financing solution
SINGAPORE (July 30): United Overseas Bank (UOB) on Monday launched a fully-digital car financing solution at the showrooms of seven dealerships in Singapore as well as via Carousell, the mobile and online classifieds marketplace with over 10,000 new and p
July 30, 2018
Startups, Entrepreneurs, Digital economy
Why a 26-year-old turned down US$100 mil offer for his startup
(June 5): A few years ago, Quek Siu Rui huddled with the board of his Singapore startup to consider whether to sell. Quek was only 26 and the US$100 million ($134 million) offer would have made him wealthy beyond his dreams. But he said no: He wanted to k
June 05, 2018
Startups, Entrepreneurs, Digital economy
Singapore's Golden Gate is said raising US$100 mil VC fund
SINGAPORE (Mar 12): Singapore’s Golden Gate Ventures is raising a US$100 million ($131.5 million) third fund to continue investing in Southeast Asia’s burgeoning market for e-commerce, payments and mobile apps, according to a person familiar with the
March 12, 2018