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Facebook blocks access to group criticizing Thailand king after government threat

The Verge

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.

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​​Xpeng, Zeekr, and more enter Thailand, eye expansion across Southeast Asia

TechNode

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.

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Thailand’s fintech startup Ascend Money lands $150M at a $1.5B valuation

TechCrunch

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.

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China’s Changan sets up subsidiary in Thailand, expands sales network

TechNode

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.

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China’s Chery Auto to enter Thailand in first half of 2024: executive

TechNode

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 ]

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Changan to construct $242 m plant in Thailand as Chinese EV brands rush to SEA

TechNode

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.

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Expanding your startup into Asia? Here’s how to build out your operations in the region

The Next Web

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.

Asia 129