Quek Siu Rui, founder and chief executive officer of Carousell, which operates in seven markets including Singapore, Hong Kong and Australia, and is one of the region's most popular virtual flea markets. Photo: Bloomberg
Quek Siu Rui, founder and chief executive officer of Carousell, which operates in seven markets including Singapore, Hong Kong and Australia, and is one of the region's most popular virtual flea markets. Photo: Bloomberg
Start-ups
Asia /  Southeast Asia

A 26-year-old Singaporean geek turned down US$100m for his app. It was a great call

Quek Siu Rui’s app for selling used goods, Carousell, is now valued at US$500m, but he says the firm is ‘less than one per cent done’

Bloomberg
Bloomberg

Updated: 10:01pm, 5 Jun, 2018

Why you can trust SCMP
Quek Siu Rui, founder and chief executive officer of Carousell, which operates in seven markets including Singapore, Hong Kong and Australia, and is one of the region's most popular virtual flea markets. Photo: Bloomberg
Quek Siu Rui, founder and chief executive officer of Carousell, which operates in seven markets including Singapore, Hong Kong and Australia, and is one of the region's most popular virtual flea markets. Photo: Bloomberg
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