Online used car sales fuel Asia fundraising burst

“The pandemic has definitely accelerated our business. We expect to be profitable across the group next year,” said Eric Cheng, Carsome chief executive. “Then we want to list on a major exchange like the Nasdaq.”

Vynn’s portfolio company, Carsome, saw huge growth as consumers are now making bigger-ticket purchases online, as picked up by Financial Times. As such, we are delighted to share that the company has secured new investment monies in a new funding round led by Asia Partners

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