Tech in Asia » Thailand

Thailand has approved investments for two significant data center projects.

https://www.techinasia.com/news/thailand-approves-17b-data-centers-chonburi

These partnerships aim to deliver advanced trading tools and improved market data for Thai investors.

https://www.techinasia.com/news/webull-enters-thai-market

The automated system will be available to international travelers starting December 1.

https://www.techinasia.com/news/thai-airports-launch-biometric-ids-faster-checkins

This partnership allows content creators in Thailand to tag Shopee products in their videos.

https://www.techinasia.com/news/youtube-shopee-team-boost-thai-ecommerce-shopping

Equinix plans to establish two IBX data centers near Bangkok's main interconnection ecosystem.

https://www.techinasia.com/news/equinix-invest-500m-thailand

The Singapore-based multicurrency card operator more than doubled revenue to US$30 million for FY 2024.

https://www.techinasia.com/youtrips-revenue-doubles-travel-surge-b2b-focus

Edgnex plans initial data center capacity of 5 megawatts, expandable to 20 megawatts.

https://www.techinasia.com/news/dubais-damac-group-invest-1b-thailand-data-centers

The taskforce comprised stakeholders such as Grab, Agoda, Expedia Group, IHG Hotels & Resorts, and others.

https://www.techinasia.com/news/grab-forms-taskforce-support-thai-tourism

The Thailand-based firm “outpaced market growth in the food delivery sector” last year, its CFO says.

https://www.techinasia.com/line-man-wongnai-serves-20-revenue-boost-2023-losses-trim

A license would enable Sea to offer diverse financial services, including deposits, lending, and asset management.

https://www.techinasia.com/news/sea-seeks-digital-bank-license-thailand

The country aims to spur competition, but its licensing process - with high capital requirements - shut out small firms.

https://www.techinasia.com/thailands-virtual-banking-push-consolidate-power-bigwigs

This investment is projected to add approximately US$4 billion to Thailand's GDP by 2029

https://www.techinasia.com/news/google-invests-1b-build-data-centers-thailand

Despite the economic slowdown, Southeast Asia's insurtech secured US$530.7 million in 2023, a five-year high.

https://www.techinasia.com/visual-story/whos-seas-insurtech-sector

In The Top Up this week, we uncover the story behind MoneyHero’s US$8 million bid for rival MoneySmart.

https://www.techinasia.com/drove-moneyheros-aggressive-bid

The Bank of Thailand (BOT) has received five applications for virtual banking licenses ahead of its September 19 deadline.

https://www.techinasia.com/news/firms-compete-thailands-limited-virtual-bank-licenses

Both established names and new players are looking into M&As, partnerships, and AI integrations to boost market share.

https://www.techinasia.com/visual-story/key-ridehailing-players-sea-booking

The country has taken a backseat in conversations around tech and startups in Southeast Asia, but that’s changing.

https://www.techinasia.com/tuktuks-tech-thailands-thriving-startup-scene

Founded by the scion of Thailand’s richest family, Amity is set to pursue an M&A-led expansion and aims to go public by 2025.

https://www.techinasia.com/ipo-bound-thai-startup-amity-builds-budget-chatgpt-firms

Line Man Wongnai CEO Yod Chinsupakul believes that only two or three food delivery platforms are likely to survive.

https://www.techinasia.com/thailands-food-delivery-sector-nears-consolidation

In The Checkout this week, we discuss the IPO plans of Malaysia's Zus Coffee and analyze Temu’s expansion into Thailand.

https://www.techinasia.com/profitable-zus-coffee-stirs-malaysias-caf-chain-scene

Tech majors like AWS and Nvidia have committed billions of dollars to the region in the last 18 months, but which sectors will benefit the most?

https://www.techinasia.com/visual-story/charting-big-techs-billiondollar-spending-spree-southeast-asia

The comments come following a Bangkok Post report on Alibaba's alleged talks with Charoen Pokphand and Central Group.

https://www.techinasia.com/lazada-squashes-rumors-of-thailand-exit

Around US$45 million to US$63 million worth of goods imported from China circulate on platforms like Shopee, Lazada, and Tiki in a single day.

https://www.techinasia.com/vietnam-mulls-vat-imported-goods-sold-ecommerce-sites

This week’s On the Rise maps out Asia’s EV players, spotlights the rising competition in SEA’s EV market, and analyzes Apple’s latest AI launch.

https://www.techinasia.com/players-filling-gaps-asias-ev-ecosystem

Nickel riches or automotive know-how? Indonesia and Thailand compete to attract foreign manufacturers of electric vehicles.

https://www.techinasia.com/indonesia-seeks-to-surpass-thailand-as-electric-detroit-of-sea

Berlin-based startups secured US$11.4 billion in 2021, with three of Germany's top five funding rounds taking place in the city.

https://www.techinasia.com/thai-startups-poised-european-expansion-govts-alliance-berlin

The music publishing unit of media and entertainment conglomerate GMM Grammy, will be valued at around US$700 million after the deal.

https://www.techinasia.com/tencent-secures-10-gmm-music-strategic-partnership

The company achieved EBITDA breakeven across all four quarters of 2023, said CEO and co-founder Paul Srivorakul.

https://www.techinasia.com/thailandbased-acommerce-cuts-net-loss-posts-200m-revenue-2023

Opening Bell 🔔 is Tech in Asia’s free newsletter that brings you the biggest news and latest trends around Asia’s publicly listed tech companies.

https://www.techinasia.com/recipe-zomatos-comeback

The Thai food delivery firm may list in Thailand, the US, or both, its CEO and co-founder Yod Chinsupakul told TechCrunch.

https://www.techinasia.com/line-man-wongnai-sets-the-stage-for-2025-ipo

The Thai foodtech firm's fund will provide startups with financial backing and access to the company’s network.

https://www.techinasia.com/startups-gain-financial-support-betagros-sustainability-fund

Chery is the eighth Chinese car company to establish a base in the Southeast Asian country, Reuters reported.

https://www.techinasia.com/chery-sets-output-50k-hybrid-electric-cars-upcoming-thai-plant

Opening Bell 🔔 is Tech in Asia’s free newsletter that brings you the biggest news and latest trends around Asia’s publicly listed tech companies.

https://www.techinasia.com/reverse-flip-phenomenon-indian-startups-embracing

HD aims to launch the chatbot on its marketplace first, and later on offer it to third parties like hospitals and clinics, TechCrunch reported.

https://www.techinasia.com/thaibased-hd-secures-56m-funding-healthcare-chatbots

This follows the Vietnamese EV maker's expansion into Indonesia in February 2024, where it partnered with five local dealers.

https://www.techinasia.com/vinfast-charges-into-thailand-with-15-dealer-partnerships

The South Korean startup, whose partners include Kakao, Naver, and Google, logged US$230 million in GMV for 2023.

https://www.techinasia.com/traveltech-firm-onda-eyes-15m-raise-restarted-sea-mena-expansion-plans