WNA Globe

World News by Wild Rose

#Carousell ร—

Singaporeโ€™s Carousell hits profitability milestone, banks on AI as โ€˜force multiplierโ€™

At Carousellโ€™s Singapore office, a red tunnel greets employees with the companyโ€™s mission to โ€œmake second-hand the first choiceโ€ โ€“ a slogan its leaders say is moving closer to reality as the platform for buying and selling used goods recorded its first positive adjusted operating profit. The Singapore-headquartered company, last valued at US$1.1 billion in 2021, said on Tuesday it had achieved positive Ebitda โ€“ earnings before interest, taxes, depreciation and amortisation โ€“ for the first time,...