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The next two quarters will be focused on integrating the Philippines venture into the fold. It is Carousell’s seventh market alongside Singapore, Hong Kong, Taiwan, Indonesia, Malaysia and Australia. Carousell will also focus on priming Hong Kong and Singapore towards greater monetisation and profitability over the next two quarters. “Singapore and Hong Kong are near-term monetisation opportunities (for Carousell), and these markets alone will be the ones that can offer long-term viability for long term markets…We truly believe that they can be immensely profitable in the next 2 to 3 years. That will help us play in the rest of Southeast Asia.” Carousell will also roll out its car marketplace service in Hong Kong over the next two quarters – a service that is currently only available in its home market, Singapore. Quek did not disclose how much operational runway Carousell has with the new funding, but said that it is “well capitalised for the next few years”.

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Autor (Datum des Eintrages): FlankerStan  (21.05.19 18:43:06)
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