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Updated: May 18, 2020

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Southeast AsiaShiseido and Shopee partner to boost J beauty in Southeast AsiaUniqlo Vietnam to open second store in Ho Chi Minh CityFake luxury goods seized in famous Vietnam marketsGiordano to focus on global expansion as sales fall in greater ChinaClassifieds service Carousell has signed an agreement with telecommunications firm Telenor Group in part to merge with 701Search, which owns online marketplaces Mudah in Malaysia, Cho Tot in Vietnam, and OneKyat in Myanmar.Following the equity and cash agreement, Carousell will be valued at more than US$850 million with Telenor Group becoming the single largest minority shareholder in Carousell, owning 32 per cent of the combined company.”This has been DARK SOULS ARTORIAS 3 Cover iPhone 7 cover a significant year for Carousell, with the company achieving unprecedented results in market expansion and revenue growth,” said Carousell CFO Rakesh Malani. custodia samsung “We are driving rapid consolidation in the region with the OLX Philippines merger earlier in the year, and 701Search today. custodia iphone This transaction further cements Carousell as the leading online classifieds marketplace platform in Southeast Asia. iphone hoesje With annualised revenues of over $40 million, a business of over 80 per cent gross margin and two profitable markets, we are very well positioned to advance our combined business to the next level.”Following the merger, 701Search’s regional hub team that operates in Singapore will be fully integrated into Carousell, while Mudah, Cho Tot and OneKyat will retain their individual names and platforms, continuing operations in Malaysia, Vietnam and Myanmar respectively. custodia cover iphone The businesses will report to Carousell CEO Quek Siu Rui.”Our mission has remained the same since day one. custodia cover iphone We want to inspire cover samsung galaxy tab 4 sm t335 every person in the world to start selling and buying,” shared Carousell co founder and CEO Quek Siu Rui. custodia cover samsung “Merging with 701Search will allow us to further this mission on an even greater scale and fortify our leadership in Southeast Asia THIS IS DEADPOOL Cover iPhone 7 as Mudah, Cho Tot cover samsung j6 blu and OneKyat are already leaders in their markets.