Ann: Acquisition of Carmudi Indonesia, page-2

In principle this looks good.
'The combined Indonesian business is expected to more than double iCar Asia Indonesian businesses’ revenues and increase growth rates, with synergies expected to result in the combined businesses breaking even in 2020. The Group is still on track for EBITDA break even by the end of 2019.'
Building market share in Indonesia - huge and rapidly growing middle/affluent class & corresponding growing vehicle demand.