How Carro co-founder Aaron Tan raised US$78M by thinking beyond the classifieds model

Aaron also originally envisioned Carro as an automotive marketplace that would replace dealers, but found out that that was the wrong approach 

Today's top tech news, June 12: Carousell in talks with Naspers to raise funding

Also, Temasek Holdings leads a US$60M Series B round in a US cybersecurity startup, binding rules on crypto exchanges may be introduced soon, and more 

Today's top tech news, May 15: Carousell to launch digital wallet

Also, KNOLSKAPE opens new office, Thailand to issue cryptocurrency rules, and Baania secures investments. 

Today's top tech news, May 14: Funding galore and The Great Room opens new co-working space

In other news, Didi can test driverless vehicles in California and Trump tweets ZTE reversal 

Carousell confirms US$85M Series C and plans to double-down on artificial intelligence

Carousell will use money will be used to further enhance its AI capabilities as well as grow its listing categories 

Stocky enables you to sell unsold inventory through its hyperlocal retailer-to-retailer marketplace

Stocky is a platform for micro-retailers to connect with other like-minded retailers and wholesalers from their category to trade new merchandise and sell off their slow-moving stock 

Nick Nash expected to start Series B fund upon leaving Sea Group

The fund is said to write cheques in the US$20 to US$100 million range and invest in 10-12 companies over its lifetime 

Alibaba installs new Lazada CEO after US$2 billion investment

Max Bittner will be replaced by Alibaba executive Lucy Peng, who is one of the founding members of the e-commerce giant 

With some watering, social media commerce is about to bloom

A push into legitimising car sales on Facebook reveals a growing e-commerce business opportunity for the social media industry