The Thailand technology snapshot for Q3 of 2024, covering July, August & September, provides a quick overview of a range of tech developments. These included, for instance: Thailand Post’s bid to be a virtual bank; Thailand’s SEC rolls out a cryptocurrency sandbox, to enable controlled, real-world trials; the opening of a large-scale BYD EV manufacturing facility in Thailand; and many more.
September 2024 | August 2024 | July 2024
thoughtworks: Technology Radar – today’s technology landscape
Thailand Tech News: September
- ‘Will Temu find success in Southeast Asia? A preliminary pricing study from Thailand‘ from Cube Asia / full item
- Hong Kong’s WeLab and Thailand’s Lighthub Asset, a 46M-customer fintech, partner to apply for a virtual bank license in Thailand / full item
- Thailand’s Krungsri and Japan’s MUFG ink MoU with banks from Vietnam, Indonesia and The Philippines to coordinate market entry for Thai firms across ASEAN / full item
- Thailand: Trade Policy & Strategy Office under Ministry of Commerce unveils roadmap to establish the country as global hub for plant-based foods / full item
- Vietnam: Techsauce Global Summit 2024 Ho Chi Minh ran October 10th, building on the success of the recent home-country edition of Techsauce in Thailand / full item
Galaxy: The Digital Asset Investable Universe
August 2024: Thai tech news
- Thailand Post approved to participate in virtual banking, potentially as neutral agent to complement commercial firms receiving licenses / full item
- Thailand: Five consortiums are so far under consideration for 3 virtual banking licenses to be issued by Bank of Thailand / full item
- Thailand: “Around 80% of startup funding comes from local corporations and their CVCs, and that number hasn’t changed much over the years. Large corporates dominate every aspect…” / full item
- Thailand: Securities & Exchange Commission rolls out crypto regulatory sandbox to allow testing of crypto services in a real-life context / full item
- “…one can well imagine secondary markets where people who do not want to spend the [CBDC] before the expiry date can trade it, probably at a discount, for money with a longer shelf life” / full item
- Board of Investment of Thailand launches Matching Fund to match funding provided by venture capital funds at up to 50M baht per firm / full item
- StartUP@Taipei unveils the AI-focused tech startups selected to attend TechSauce Global Summit 2024 in Thailand / full item
- “Tesla is… only discussing charging stations, with the factory plans suspended not just in Thailand but worldwide… not proceeding in Malaysia, Indonesia, or anywhere else except for China, America and Germany” / full item
- Thailand’s TechSauce Global Summit preps for Indonesia edition, set to run in Bali in September / full item
- Singapore’s Beep raises $3.3M to expand Voltality, integrated charge stations, payment services and vehicles stack, in Thailand and Malaysia / full item
- ‘HP has set an internal goal of making up to 70% of its notebooks outside China, and is looking at Singapore and Thailand as potential production destinations’ / full item
Lowy Institute Asia Power Index 2024 – Key findings
July 2024: Thai tech Snapshot
- Thailand: China’s BYD EV giant to open first SEA factory in Thailand’s Rayong province, a $486M facility producing 150,000 vehicles per year / full item
- An overview of the recent Krungsri-organised Japan-ASEAN Startup Business Matching Fair 2024 which showcased more than 60 startups from 6 countries, and the new ASEAN LINK business growth service / full item
- Malaysia: Digital Penang unveils Market Access Thailand program, aiming to intro Penang startups to the Thai market / full item
GITEX Asia Tech Conference & Expo: April 2025 in Singapore
Weekly newsletters
For a one-shot round-up of each week’s technology news headlines, gathered across Southeast Asia and the Indo-Pacific, you should read Asia’s Tech News, Weekly, the Startup News Asia newsletter, on LinkedIn and via Substack.
