JAKARTA -- Kuala Lumpur-headquartered iCar Asia said that it had entered into a binding agreement to acquire Carmudi's business unit in Indonesia, in a move to tap into growth in Southeast Asia's online used car sales market.
Startups
Malaysia's iCar Asia to acquire Indonesian car marketplace Carmudi
$3m deal comes as Southeast Asia's used car business set for growth
Second hand cars for sale in Indonesia, where the market in used vehicles is set for strong growth.
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