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we have Facebook wading into another thorny moderation situation, this time in Thailand. According to a report from The Guardian , the company has removed a Facebook group with more than 1 million members after it was threatened by the Thai government for violating local laws around defaming the ruling monarch.
Chinas Zeekr and Xpeng Motors will begin delivering their electric vehicles to Thailand later this year while eyeing expansion to other Southeast Asian countries, as they seek further overseas growth amid slowing opportunities at home. Rivals such as SAIC, Great Wall Motor, and Hozon Auto are also making their EVs locally.
Ascend Money , the Thailand-based fintech startup behind TrueMoney, an e-wallet service, announced today it has raised a $150 million Series C round at a valuation of $1.5 About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
Changan Auto has completed the registration of its subsidiary in Thailand, as required by the countrys Department of Business Development. The Chinese automaker announced on Thursday that it is intensifying its recruitment efforts to establish local sales and service networks. million cars in the overseas markets by 2030.
Chinas Chery Automobile, which has a manufacturing partnership with luxury carmaker Jaguar Land Rover (JLR), will enter Thailand with an all-electric model in the first half of 2024, Vice President Xu Qingsong said at the China-ASEAN Expo in the southern city of Nanning on Monday. Caixin, in Chinese ]
Chinas Changan Automobile on Tuesday signed an agreement with Thailands Board of Investment in Beijing to build a $241.7 Aion , the EV unit of state-owned automaker GAC, began exporting cars to Thailand in August, SCMP reported, after reaching a partnership with local dealership Gold Integrate in June.
For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player? Hire the right people – local and entrepreneurial. A company cannot hire out of a hub city like Singapore and expect those individuals to cover Indonesia, India, Thailand, and the Philippines.
Chinese electric vehicle battery maker Gotion High Tech said on Thursday that the first locally-made battery pack has rolled off assembly lines in the facility it partners on with state-owned energy giant PTT in Thailands Rayong province. Gotion announcement, in Chinese ]
TikTok is exploring the local life services sector in Southeast Asia as it tries to replicate sister app Douyins path in China. According to a recent job posting on the companys official careers website, its venture into services aims to make the daily life experience richer, more unique and more innovative. 36Kr, in Chinese ]
The company hasn’t announced pricing or widespread availability, but says the PuriCare will launch in Thailand next month “with other markets to follow once approved by local regulators.” LG has announced an updated version of its high-tech, air-purifying face mask, the terribly-named LG PuriCare Wearable Air Purifier.
I was invited to present a key note at the Mekong ICT Camp in Thailand about nonprofits, social media, and measurement. ” Unfortunately, I could make it to Thailand, so I presented and lead a discussion remotely using Google Hangouts from California. The theme for the training was “ Data, Data.”
“Konvy had the advantage of starting in Thailand when there were no really significant e-commerce players there at the time,” Huang told TechCrunch. We’ve since leveraged our first mover advantage in Thailand to become a leading e-commerce player in the market.”. This has spawned as well a thriving local industry.
The initial group of participating wallets includes Bank of China Hong Kongs BoC Pay, Octopus, PayMe by HSBC, and Tap & Go in Hong Kong; Bangkok Bank Mobile Banking and K PLUS in Thailand; NAVER Pay in South Korea; and ICBC Mobile Banking (ICBC Pay) in Malaysia.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. It’s about having a product that’s hyper-localized for each culture, each region and country as well.
Our local version of accelerated climate change. And it’s specifically designed to be used by local people who of course, have local knowledge. Until they were gone. Suddenly the world seemed a little harsher. No more trees. No more shade. No more leafy beauty. Our hot summer (and autumn!) days became a little hotter.
Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. It currently employs more than 61,000 staff. “We strongly believe in the potential of e-commerce in Southeast Asia, in particular the power of technology-enabled logistics to fuel e-commerce growth.
SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). The company plans to expand further in major cities and tourist destinations, including Mexico, Spain, Thailand, Dominican Republic, the U.S.
The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria. Uganda was the first African country the pair decided to test out their two-wheel ride-hailing ambitions and it was the second market globally after Thailand for Uber.
It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines. But in each country we launch in, that will look very different, so we will look at local payment methods in every country.
Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore. After that, it plans to localize Employment Hero for Indonesia, Thailand, the Philippines, Hong Kong and Vietnam.
Prime Minister of Thailand Srettha Thavisin has urged authorities to investigate Temu, amid worries the e-commerce platform may hurt the countrys small- and medium-sized enterprises following its recent launch in the country, Thai media outlets have reported. The Nation ]
Igloo currently works with 20 global, regional and local insurers across Southeast Asia. An example of Igloo’s insurance policies include ones for gig economy riders that it sells through its partnership with Foodpanda in Thailand, Singapore and the Philippines, and Lozi and Ahamove Vietnam.
Glorang will use the Series A to expand its service to Japan and Malaysia by the fourth quarter of this year and Taiwan, Thailand and Vietnam in the following years, Hwang said. It also plans to increase its headcount. . The company claims Gguge has more than 100,000 users in South Korea. .
Founded in 2019, Komunidad has clients in the Philippines, India, Cambodia and Vietnam, and serves multiple sectors, including utilities, agriculture, mining, education, local governments and business outsourcing centers. It’s also been used by local governments to decide school cancellations. and raises $77M.
More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. One of Dat Bike’s advantages is that its bikes are developed in house, with locally-sourced parts. In 2018, he moved back to Vietnam and launched Dat Bike.
With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. Lai said its localization effort isn’t just focused on supporting multiple languages. The platform brings both emerging and traditional brands to the world of local retail in Asia.
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
This marks Netas debut in Indonesia, having previously expanded to Thailand, Malaysia, and other ASEAN countries. Additionally, Neta has signed an agreement with Indonesias PT Handal Indonesia Motor to start localized assembly and production in the country from the second quarter of 2024, according to the firms statement.
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. Localized versions of Employment Hero include pre-built employment contracts and policies that comply with local laws.
The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.
million, and will be used to expand the number of categories in its app, adding night clubs, karaoke bars and catering, for example, and enter new countries, including Thailand, Singapore and Japan. Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to do.
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. .
The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. It will also enable Jenfi to refine its credit underwriting and risk assessment capabilities, including its proprietary risk assessment engine.
Luckin Coffee lost a lawsuit alleging trademark infringement in Thailand on Dec. 1, according to multiple Thai media reports, after the Chinese coffee chain sued local company 50R Group over its registration of Luckins trademark in the southeast Asia country and opened a number of stores over the past two years.
Its customers are spread across Singapore, the Philippines, Thailand, Hong Kong and Australia, and typically ship about 25 to 5,000 orders a day. So far, Locad has provided order fulfillment for 200 brands, including Havaians, Levi’s Reckitt Benckisder and Emma Sleep. 4 ways to use e-commerce data to optimize LTV pre- and post-holiday.
Presently , Wapi Pay works with local banks and platforms in China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. The company claims to be growing at 396% year-on-year since 2019 and has hopes to continue in that fashion.
When you teach internationally, it is important to localize your content and Tharum was able to provide many local and regional examples and tips. The Resource Alliance has been presenting the NGO Awards in Thailand, India and Vietnam for 10 years, but 2017 marked a substantial change in the award program’s focus and delivery.
While Indonesia isn’t the most crypto active in the region — total crypto value received was less than half of Thailand’s from July 2021 to June 2022, according to Chainalysis — the country is thought to hold huge potential for web3 adoption, thanks to a young and sizable (270 million) population as well as a vibrant Web 2.0
Chinese auto tech unicorn Horizon Robotics has recently partnered with Hong Kong Science and Technology Parks Corporation (HKSTP) with plans to expand its local research team and invest a total of HK$ 3 billion in the territory by 2028, according to an announcement published in December. Details: In addition to providing a $25.6
Indonesia’s mortgage penetration rate is also just 3% of the local GDP, one of the lowest in Southeast Asia. IDEAL also plans to expand to other major lending products, with a long-term vision of entering more Southeast Asian markets like Thailand, the Philippines and Vietnam.
Many local entrepreneurs complain about the local talent here in Singapore , but honestly what did they expect? Ultimately, we were able to land three top developers — one from Thailand, one from Russia, and the overall hackathon winner from Korea. Cast a wide net.
Xfers says it has access to more than 10 million underbanked consumers in Indonesia through its work with agent banking services, and also plans to expand into Thailand, the Philippines, Malaysia and Vietnam. ” Singapore-based Xfers Lands $2.5M To Simplify Bank Transfers For Online Sellers.
Xendit recently expanded into the Philippines and also is considering other countries in Southeast Asia, such as Thailand, Vietnam, Malaysia and Singapore, according to Wijaya. ” It is also eyeing other markets. Xendit is also similar in scope to San Francisco-based Finix , which aims to make every software company a payments company.
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