The trading house will buy into Shanghai-based Singulato Motors, which is valued at an estimated $900 million. It has also taken a stake in Shenzhen-based DST, which lends out electric trucks and vans.
Post acquisition, CarDekho plans to come up with the best in class video contentas a visual treat and decision enabler for all stakeholders. PowerDrift believes that acquisition enables them to create more exciting content and also offers great value to their viewers.
Touted to be Malaysia’s most trusted car bidding platform, CarlistBid.my utilizes iCar Asia’s existing database of sellers and buyers, the largest network in the country, with over three million ready sellers and more than three thousand dealers.