How 3 college friends built a $1 billion business selling used cars

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

How 3 college friends built a $1 billion business selling used cars (via CNBCMakeIt)

— a play on the words "car hero" — is a Southeast Asian online auto marketplace designed to simplify car deals using artificial intelligence technology.

The 36-year-old's entrepreneurial story started when he was 13. As a teenager growing up in Singapore, the computer whizz would earn extra cash by building and selling websites. "I wouldn't say that I tricked my co-founders into founding the company together, but I think I sold the opportunity that this could be much more interesting than whatever they were doing," said Tan.The trio was onto something. In a region with a vast and growing, digital-savvy middle class, price-sensitive consumers were increasingly opting for second hand models.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt If this company is worth $1B then how much is $LOTZ worth then with all of their locations?

MakeIt thanks

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines