Carousell co-founder and CEO Quek Siu Rui. Photo: Handout
Singapore’s Carousell snaps up rival 701Search as it seeks dominance in Southeast Asia
- Mobile classifieds company Carousell will be valued at over US$850 million after merging with rival 701Search
- Telenor Group, which owned 701Search, will be the largest minority shareholder with 32 per cent of the merged entity
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Singapore
Carousell co-founder and CEO Quek Siu Rui. Photo: Handout