Thailand

Binance Thailand digital asset exchange opens for trading

Gulf Binance Co., Ltd. (Gulf Binance), the joint venture between Binance’s subsidiary and Gulf Innova Co. Ltd., is launching full operations of its digital asset exchange and brokerage platform in Thailand, Binance TH by Gulf Binance (Binance TH), making it accessible to the general public. 

Thailand-based insurtech Roojai acquires Indonesian online insurance aggregator Lifepal

Thailand-based insurtech Roojai Group announced last Friday that it has acquired Lifepal, an online insurance broker in Indonesia with over 2 million unique visitors per month.

[Year in review] Southeast Asia’s Top 10 tech news in 2023

As we usher into 2024, with the hope for a better year, here are some of the top tech news in 2023.

Thailand’s Kasikornbank paves way for firms to tap tokens for funding – report

“We’re advising some clients to issue tokens for fundraising,” Kasikornbank’s co-president Pipit Aneaknithi said in an interview with Bloomberg on Monday.

Animoca Brands and T&B Media Global partner to expand ecosystem capabilities in Web3 space

Hong Kong-based gaming company Animoca Brands and Thailand-based Intellectual Property (IP) company for entertainment technologies T&B Media Global (T&B) have announced a partnership to expand ecosystem capabilities in Web3 space.

Turn Capital acquires Flash Coffee in Thailand

Thailand tech-enabled coffee chain Flash Coffee announced Tuesday that Turn Capital has acquired its Thailand business/franchise to fuel further growth within the country. Leveraging Flash Coffee’s brand, product innovation, and proprietary technology, Turn Capital will continue to expand the chain’s presence across Thailand, with a plan to open more than…

Malaysia’s unicorn Carsome cutting “hundreds of jobs” to reach profit – report

Carsome “makes adjustments to its workforce where necessary,” the company said in an emailed response to Bloomberg's questions, declining to comment on specific numbers. “We remain committed to investing in all of our current markets and plan to accelerate profitable growth in 2024.”

Deloitte: Southeast Asia raises about $5.5 billion year to date, the lowest in eight years

Southeast Asia has raised approximately $5.5 billion via initial public offering (IPO) in the first 10.5 months of 2023, the lowest in eight years, Deloitte said Thursday. The total IPO raised down from $7.6 billion in 2022. Meanwhile, the IPO amount for the first 10.5 months of 2023 stands at 153, also down from 163 in the full year of 2022.

Thailand’s RISE and Israel’s OurCrowd launch $50M deep tech fund

OurCrowd, an Israel-based digital investment platform, and RISE, a Thailand-based corporate innovation powerhouse, have on Tuesday announced the launch of the $50 million Rise OurCrowd Exponential (ROCX) Fund. The fund will invest in early-stage deep technologies in cybersecurity, artificial intellingece (AI), HealthTech, semiconductors, quantum computing,…

Thailand’s SCG’s IoT unit, powered by Tuya Smart, eyes China market

The Tuya Innovation Roundtable (Asia Pacific) on Oct 18 in Bangkok also includes presentations by all three companies, a panel discussion and interview sessions. Media representatives were also given the opportunity to experience “mind” smart home solutions and some other IoT products and services developed by SCG.