Thailand’s technology news headlines in 2023’s first quarter covered issues and subjects including the country’s receipt of nuclear fusion technology from China in January, coverage in February of Thailand’s startup funding shortfall, and the entry of China’s Hozon to Thailand for electric vehicles manufacturing.
Hit the Thailand technology news headlines listed below to read the articles behind each one – online, in full and at no cost.
January 2023 | February 2023 | March 2023
We also deliver a weekly email newsletter, capturing the week’s tech news headlines from across Asia Pac and the Indo-Pacific.
ASPI: The case for an Indo-Pacific hybrid threats center
tech news: March 2023
- Thailand: DTAC, subsidiary of Norway’s Telenor Asia telecoms major, completes merger with True Corporation, the largest telecom merger in Southeast Asia
- Thailand: Bitkub crypto exchange to invest in newly-established ThaiGPT, stepping into artificial intelligence R&D to explore business use-cases
- Thailand: SEC seeks public feedback on potential crypto lending and staking ban, with securities regulator believing crypto firms should not be able to deploy user deposits and provide lending services
“The proposed regulation aims to provide greater protection to investors, reduce associated risks, and prevent a misunderstanding that deposit taking and lending services are under the same supervision as regulated digital asset businesses.”
- China’s Hozon electric vehicle maker breaks ground at its first overseas car plant in Thailand, seeing SEA opportunities while dealing with increased competition and weakening demand in China
- Thailand: An overview of True Digital Park’s Startup Booster Program, an incubator offering mentoring, connections and a 1-year smart visa type S for entrepreneurs to stay and work in Thailand
Thailand Accelerator, from TechSauce Media
tech news: February 2023
- Thailand: Eazy Digital gains $850K with SaaS digital platforms for insurance firms, spanning agent management, operations, referrals and engagement and focusing on insurance SMEs
- Thailand: “…early-stage startups typically need a minimum of $500,000 to operate within 1-2 years, while these [government] programmes normally provide around $20,000 to $150,000.”
- Thailand: Bank of Ayudhya’s Krungsri Finnovate corporate VC arm partners Tarad e-commerce major for 1-billion-baht fund for pre-Series A startups
- Download: ‘Future of the Thai startup and venture capital ecosystem’ from Deloitte
Thailand: “…fintech was the top startup category in Thailand in 2022…followed by e-commerce and business solutions…fintech sector accounts for 60% of total capital funding since 2020.”
- Thailand: Stripe payments infra giant partners Krungsri Finnovate, corporate VC of Bank of Ayudhya, and 500 Startups’ Thailand arm to help startups scale locally and globally
- China’s JD e-commerce major to end services in Thailand and Indonesia, with online shopping sites in both countries to stop taking orders from mid-February
Gemini: 2022 Global state of crypto report
tech news: January 2023
“Police…raided facilities in [Thailand’s] Sa Kaeo province and found numerous cross-border high-speed internet cables used to support call scammers in Cambodia…”
- Thailand: An intro to HD, sharing economy startup connecting surgeons in private practice with patients and vacant surgery rooms at hospitals
- Thailand Institute of Nuclear Technology to commence operation of Thailand Tokamak-1 in March, the country’s first experimental fusion energy machine, provided by China
- France’s Algama backed by Thai Union Ventures, investment arm of Thai seafood major, with sustainable algae-based alternatives for animal products including eggs, salmon and tuna
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