Thailand

Alipay+, the cross-border mobile payment and digitalization technology solutions operated by Ant International, and the Tourism Authority of Thailand (TAT), have announced an expansion of their partnership with a series of new developments aimed at attracting more tourists to Thailand and enhancing their travel experience amidst strong travel demand.

American technology firm Microsoft said Wednesday it will open a new data center region in Thailand. The data center region will expand the availability of Microsoft’s hyperscale cloud services, facilitating enterprise-grade reliability, performance, and compliance with data residency and privacy standards.

The International Finance Corporation (IFC) has partnered South Korean credit card-issuing company KB Kookmin Card Co. (KBC) to launch $150 million financing package in Indonesia, Thailand.

T2P Co., Ltd., a payment solution firm in Thailand, has on Thursday announced its strategic partnership with Wise Platform, Wise’s infrastructure solution for banks, fintechs and enterprises.

Chery aims to use Thailand as a production base to meet the domestic demand for right-hand drive EVs, as well as export the vehicles to Asean countries, Australia and the Middle East, the report added.

9Basil Group, a Thailand-based alternative investments firm, has on Thursday announced its acquisition of AlteriQ Global (AlteriQ), a boutique Asia-Pacific private credit platform based in Singapore.

WYZauto, a Thailand-based a online tyre marketplace for vehicle maintenance businesses, has secured $2.25 million in funding led by Vynn Capital, a Malaysia-based venture capital firm specialising in mobility and supply chain sectors.

HD, a Thailand-based healthcare and surgery marketplace, has announced the completion of a $5.6 million Series A funding round. This significant round was led by SBI Ven Capital, a subsidiary of the renowned Japanese Internet-based financial giant, SBI Group, through its joint fund with Kyobo Securities from South Korea and NTU Singapore’s NTUitive.

Bitkub plans to go public on the Stock Exchange of Thailand in a bid to boost the company’s profile and raise money.

Vietnamese car maker VinFast Auto has signed letters of intent (LOI) with 15 initial dealers in Thailand. VinFast said in a statement on Wednesday that this marks an important milestone of VinFast’s distribution network expansion, enhancing the company's presence and affirming its position in the region's leading automotive market.