Carsome Group to acquire a 51% stake in CarTimes.

Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, agreed to acquire a 51% stake in CarTimes, a Singapore-based automotive platform. Financial terms were not disclosed. "We are thrilled to announce the partnership with CarTimes, the team of which has over twenty years of experience in the auto industry. This partnership will enable us to deepen our footprint in the Singapore auto market, and augment our ability in bringing trust, choice and transparency to customers together," Eric Cheng, Carsome Co-founder and Group CEO.