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Scorpio Electric secured US$6.75 million* investment at US$150 million valuation as the brand works towards the production of their first international product The Scorpio Electric X1 will commence production and global deliveries in second half of 2023 SINGAPORE – Media OutReach – 13 January 2023 – Scorpio Electric Pte. Ltd. (the “Scorpio Electric“) has successfully raised US$6.75 million to further develop and test its first electric motorcycle, […]

Arabian Post Staff CARS24, India’s e-commerce platform for pre-owned vehicles, announced the closing of a $400 million round of funding, including a $300 million Series G equity round alongside $100 million debt from diversified financial institutions. This is CARS24’s third round of fund raising in over a year and values the used cars e-commerce player at $3.3 billion, about double the valuation from its previous round in […]

Bags are the top accessories you need all year round. A bag is something you can’t leave home without; after all, it is that one accessory where you can put your wallet, phone, and other items you need for a day at the office, a date, or a night out with your friends. The right bag can also complement and even elevate your outfit, making it one […]

CARS24, one of the fastest-growing e-commerce platforms for pre-owned cars, has embarked upon a digital campaign by unveiling its brand story on Burj Khalifa, the world’s tallest tower. The company aims to make a paradigm shift in the UAE by taking a consumer’s car buying experience completely online. CARS24 has already sold close to 400,000 cars in other international markets. “With this campaign on the majestic architectural […]

Arabian Post Staff CARS24, one of the world’s fastest-growing e-commerce platforms for pre-owned vehicles, has  entered the UAE. The company has invested heavily on its technology framework and has become one of the first companies in the UAE to provide a seamless car buying experience entirely online. A customer can browse through thousands of cars, identify and book their favourite car, complete the full payment and documentation […]

Online sales of the luxury watch remain low at only 25% of the total sales for pre-owned luxury watch Offers authenticity guarantees and certifications by professional and experienced watch appraisers The venture into the e-Commerce platform would require a total investment of RM250 million, and the response from potential investors has been overwhelming KUALA LUMPUR, MALAYSIA – Media OutReach – 13 July 2021 – Bursa Malaysia Main […]

HONG KONG SAR – Media OutReach – 13 July 2021 – According to a new report published by Carousell Media Group (CMG) and IAB Southeast Asia and India (IAB SEA+India), income levels and purchasing patterns in Hong Kong signalled towards a growing aspirational consumer class. 64% of Hong Kongers noted that their household income was in the top 50% income tier. The report on the Millennial Motivations […]

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By Nick Carey | ORWELL, Ohio ORWELL, Ohio Three years ago if a customer walked onto Dan Reel’s used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. The supply of lightly-used cars and trucks was tight because automakers had drastically cut back on bargain leases during and after the Great Recession. Recently, though, a computer search for available used vehicles within […]

The most expensive Hermes Birkin bag made, which costs AED500,000 ($136,135), is now on sale in Dubai. Online boutique for pre-owned luxury designer goods TheLuxuryCloset.com is carrying the Hermes Red Porosus Crocodile, which is designed with 18K white gold and diamonds. The Birkin 35 bag, part of the most exclusive and expensive bag collections in the world, was custom made. Birkin handbags are usually sold to top […]

Iconic French brand Hermes will launch a pop up concept ‘HermèsMatic’ in Dubai from April 13 to April 22 at the Place des Lumieres in City Walk 2. The concept, which focuses on the brand’s signature printed scarves, also appears in different locations around the world. This time, it revolves around a “retro laundrette” theme, which connects to Hermes’ aim at reviving its signature scarves. In line […]

Analysts and traders alike were looking forward to today’s “black box” earnings from Tesla as it would be the first consolidated report that combined Tesla Motors operations with those from cash-bleeding monstrocity SolarCity following the pair’s merger, to wit: “with the acquisition of SolarCity, we have created the world’s only integrated sustainable energy company, from generation to storage to transportation.“ And, as usual, Elon Musk managed to […]

Theluxurycloset.com which buys, sells and consigns personal pre-owned luxury goods at discounted prices has launched an app to complement its existing e-commerce platform. The decision to create an app was taken after research carried out by the brand showed that over 70 percent of customers in the region shop from their mobile phones. Free to download on the App Store, the app has an upgraded Sell With […]

The global recall of the Samsung Galaxy Note 7 has cost billions of dollars to the company. It seems that Samsung is trying to recoup some of its lost revenue by selling three-year-old refurbished phones. Some may find this Black Friday 2016 deal great while some may tag this as the worst tech deal of the year. Galaxy Note 3 Specs Samsung unveiled the Galaxy Note 3 in […]

As of next week, AT&T customers who want new cellphones will have to update their devices by paying the full retail prices upfront or through monthly installment plans. That’s because the carrier is doing away with its previous program that offered new phones to customers who signed two-year contracts for AT&T service. First reported by Engadget yesterday, the change was confirmed today by an AT&T spokesperson who […]

As of next week, AT&T customers who want new cellphones will have to update their devices by paying the full retail prices upfront or through monthly installment plans. That’s because the carrier is doing away with its previous program that offered new phones to customers who signed two-year contracts for AT&T service. First reported by Engadget yesterday, the change was confirmed today by an AT&T spokesperson who […]

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