Online marketplace Carousell has signed a deal with Telenor Group to merge with 701Search, which owns online marketplaces including Mudah in Malaysia, Cho Tot in Vietnam and OneKyat in Myanmar.
The deal is part of a strategy by Carousell to become the biggest online marketplace in Southeast Asia. The company previously merged with OLX in the Philippines.
The online marketplaces had already been working together but via publisher ad data cooperative SMX, sharing data pools, to create a bigger scale for advertisers in Southeast Asia.
As part of the new deal, Telenor becomes the single Read full story ›
Source: The Drum
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