Eric Cheng drove Carsome to become Malaysia’s first tech unicorn during the funding boom in 2021. Now, amid higher interest rates and worries about an impending recession, the cofounder and CEO of Carsome is shifting gears to focus on profitability in an effort to adjust to the lower-risk environment after more than eight years of breakneck growth.
Carsome is expected to break even by the end of the year and reach full-year profit in 2024, Cheng said in an interview on the…
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