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Malaysia's Car Selling Platform Carsome Expands Singapore Presence with CarTimes Acquisition

After taking its place as Malaysia’s preferred all-around used car platform and being honoured with the title as the country’s first tech unicorn, Carsome is now looking to reinforce its presence in Singapore with the acquisition of CarTimes.

While it has been operating in the city-state for a while now, its latest move – acquiring CarTimes Automobile Pte Ltd (CarTimes) – cements its position as a market leader.

CarTimes, established more than 20 years ago, had grown into a full suite of auto solutions that cover every facet of the industry – from new and used car retail; to rental and financing; insurance; and even maintenance. All these offerings will now be part of the Carsome platform as part of its 51% stake purchase into CarTimes.