Thailand

Singapore's Singtel has sold 2.8 percent of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion ($775 million), generating cumulative equity gains of approximately $109 million.

Finland's tech giant Nokia was selected by Thailand's telecommunications giant Symphony Communication to upgrade the Malaysia-Cambodia-Thailand subsea cable system, replacing legacy equipment with Nokia's Submarine Line Terminal Equipment.

Onibi, an independent game studio developing AI-powered open-world multiplayer RPG Tomo: Endless Blue, has closed a strategic funding round led by Thailand-based SeaX Ventures and France-based Pix Capital.

Vietnam's FPT Corporation and Thailand's SCG will jointly develop artificial intelligence (AI) and digital transformation initiatives across SCG's business ecosystems, covering AI-driven operations, intelligent enterprise platforms, and ERP transformation.

Melazyme, a precision fermentation startup focused on functional biomolecules, has raised $2 million in a seed funding round led by SeaX Ventures, with participation from Stellaris Venture Partners and Plug and Play Ventures.

Cyberport, a digital tech hub and AI accelerator of Hong Kong, and Thailand's National Science and Technology Development Agency (NSTDA), also the management of Thailand Science Park, will enhance collaboration in innovation and technology between Hong Kong and Thailand.

Regional software consulting firm Nimble has announced its first strategic investment in Relationship Republic, a Thailand-based loyalty and customer relationship management (CRM) solutions provider.

Microsoft announced a plan to invest more than $1 billion in cloud and artificial intelligence (AI) infrastructure in Thailand between 2026 and 2028, following a meeting in Bangkok between Vice Chair and President Brad Smith and Prime Minister Anutin Charnvirakul.

Nightify, a Thailand-based platform focused on discovering, booking, and managing nightlife experiences, has raised a total of US$500,000 in seed funding, in a round led by A2D Ventures and other angel investors across the hospitality, retail, and consumer sectors.

Furukawa Electric is set to invest at least JPY55 billion ($345 million) in expanding data center cooling production in the Philippines, Thailand, and China, the Japanese firm said in a release on Monday.