VCI Global Limited has signed a definitive agreement, valued at approximately US$1.8 million, to acquire Datanex Asia Sdn Bhd, operating as Lux-Motion. Lux-Motion is a high-growth Malaysian luxury supercar e-commerce platform.
This acquisition marks a significant expansion for VCI Global into AI-driven automotive financing and blockchain-powered digital lending. Lux-Motion's proprietary LuxScore system leverages data for financial assessments and personalized supercar recommendations, integrating AI-driven risk evaluation with blockchain-backed transaction security.
The global automotive e-commerce market is projected to reach approximately US$343.13 billion by 2032. The acquisition accelerates VCI Global’s expansion into high-value digital lending, enhancing its potential for strategic mergers, acquisitions, and partnerships.
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