Asia

Carsome’s new headquarters creates deal with co-working company Colony

27 February 2019

"By moving our headquarters to Colony, we are committed to provide an elevated working experience to the team and gaining a solid foothold in Southeast Asia," said the CEO & Co-Founder of Carsome.

HAYR prepares to launch India’s first free-float autonomous car share service

26 February 2019

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Harjeet Singh, Founder, HAYR Technology claims, “We are coming with much-awaited technology in the mobility sector. After this, India will be one of the few countries who will enjoy free float self-driven car share service.”

PSA Groupe invests in Chinese used vehicle platform, FengChe

25 February 2019

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The company's platform provides complete ERP for B2B transactions, used vehicle markets, and auto dealers. More recently the company also updated their platform to include an appraisal tool for inventory monitoring and even car financing options.

CarFirst starts Merchant Program to help car industry newcomers

25 February 2019

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CarFirst’s Merchant Program is open to any individual with the passion and skills for car trading, and the ambition to grow their business fast.

Chinese used car platform Renrenche denies bankruptcy rumors

25 February 2019

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Renreche immediately dismissed the rumors in a Weibo announcement (in Chinese), saying all its businesses are running normally and that it has reported to police with the relevant evidence.

Cango Inc. announced resignations from their Board of Directors

22 February 2019

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Cango Inc., a leading automotive transaction service platform in China, today announced that Mr. Zuyu Tan and Mr. Weibiao Zhan have tendered their resignations as directors of the Company's board of directors

Flipkart Co-Founder makes investment in Ola Cabs

21 February 2019

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This investment is both Sachin’s personal capacity as an investor and it is a part of Ola’s larger Series J funding round.

RASAI brings car-sharing tool to ease Pakistan’s traffic

21 February 2019

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RASAI aims to fill spare seats and empty trunks and create a more efficient travel system that offers low-income travelers more opportunities while also tackling pollution.

Ola negotiating to buy a 26% stake in carpooling app sRide

20 February 2019

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The negotiations, which are currently believed to be at the diligence stage, could see the SoftBank-backed Ola pick up a stake of 26% and upwards in the three-year-old sRide.

JD Auto and car maker Chery partner up to spread their platforms

20 February 2019

Michael Hunt

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JD and Chery will help to improve marketing efforts to these cities by bringing online platforms and regular on-the-ground retail sales to bring carmakers and dealers to these customers.