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Alibaba ($BABA) is strengthening its presence in Thailand’s digital economy, signaling growth opportunities in Southeast Asia. However, its $433.5M Ant Group deal remains unresolved, leaving questions about regulatory approval and future strategies. The move reflects Alibaba’s dual pursuit of regional expansion and global fintech stability.
A small Chinese startup, U Power, is aiming to revolutionize the global EV taxi market with its battery-swapping technology. Starting in Hong Kong, the company plans to expand worldwide, promising faster charging times and lower operational costs, potentially transforming urban transportation and accelerating EV adoption globally.
Bangkok-based Spacely AI has secured $1 million in seed funding, led by PropTech Farm Fund III. The startup leverages artificial intelligence to transform property management and real estate solutions. The funding will accelerate product development, expand market reach, and strengthen Spacely AI’s role in driving innovation within Thailand’s proptech sector.
Thailand’s Securities and Exchange Commission (SEC) is inviting public input on a proposed crypto regulatory sandbox aimed at boosting the tourism industry. The initiative explores how blockchain and digital assets can enhance travel services, payments, and experiences, positioning Thailand as a forward-thinking destination in the global digital economy.
Thailand’s SCB 10X is positioning itself as a strategic “bridge” for AI startups seeking to enter Asian markets. Kaweewut Temphuwapat, head of ventures, shared the firm’s vision to support innovative startups through capital, connections, and co-creation. Backed by Siam Commercial Bank, SCB 10X is actively investing in AI, blockchain, and…
