Venture capital

Japanese investors back Southeast Asia's second-hand car market

The trade war with the US has put Japanese investors off China. Southeast Asia remains top of their list in the hunt for better returns.

Carsome, a second-hand car trading platform, said that it had completed its Series C fundraising on Thursday, adding to the exposure of Japanese conglomerates in Southeast Asia's internet economy

The fundraising round totalled around $50 million Japan’s MUFG Innovation Partners and Daiwa PI Partners participated in the investment Endeavor Catalyst, Ondine Capital and existing investors Gobi Partners, Convergence Ventures joined the round as well

The interest of Japanese investors has shifted from China to Southeast Asia In 2017 and 2018, Thailand and Indonesia saw a significant increase in Japanese investments in the automotive sector They are also the largest investors in infrastructure in Southeast Asia, according to...

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