[Updated] Used car marketplace Carsome's net losses surge 7x, revenue doubles in FY21

[Updated] Used car marketplace Carsome's net losses surge 7x, revenue doubles in FY21

Eric Cheng, Carsome co-founder and group CEO.

Editor’s note: This story was updated to incorporate comments from a company spokesperson.

Southeast Asian car marketplace Carsome doubled its revenue for the financial year ended Dec 31, 2021, as the COVID-19 pandemic continued to fuel sales of used cars in the region.

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