Carro is Singapore’s latest unicorn following latest funding round

On Tuesday, Southeast Asian online automotive marketplace Carro said, it has raised $360 million in its latest funding round that was led by SoftBank Vision Fund 2, becoming the region’s latest unicorn. “The valuation for the company is well over a billion dollars,” said Carro, Aaron Tan, the CEO and founder of Singapore-headquartered Carro. Carro…

Logitech reports 13.6% rise in sales during fourth quarter with work from home boosting demand

On Tuesday, Logitech International reported a rise of 13.6% in fourth-quarter sales. The development comes at a time when more people are working from home due to the coronavirus crisis. Logitech has rpeorted a fourth-quarter sales of $709.2 million, up from $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in…

Apple suppler LG Display expects improved profit outlook on increased OLED demand

On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…