Thailand

Musk’s mini sub “not practical” for Thai cave boys rescue

Billionaire SpaceX founder Elon Musk tweeted at the weekend to say he was working with cave experts to build a mini submarine out of rocket parts that he thought could help a rescue effort to free 12

Chat app Line to launch crypto exchange in July but it won’t cover US or Japan

Messaging app firm Line has confirmed it will launch a cryptocurrency exchange called BitBox next month. The company said back in January that it planned to enter the crypto space with an exchange, bu

Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion

Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous

Indonesia’s EV Hive raises $20M for its co-working business to rival WeWork

WeWork is setting its sights on Southeast Asia, but that isn’t stopping local rivals from building up their business. In Indonesia, EV Hive — a co-working brand first started by a VC firm

Go-Jek officially announces Southeast Asia expansion to fill void left by Uber’s exit

There’s good news for consumers in Southeast Asia who are feeling the void after Uber left the region. That’s because Go-Jek, the Indonesia-based ride-hailing company backed by Google, Ten

Southeast Asia’s Carro raises $60M for its automotive marketplace and car financing service

Carro, an automotive marketplace and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. The deal was co-led by SoftBank Ventures

Everledger’s Kemp and OmiseGO’s Hasegawa join TC Blockchain

Blockchain technology and the decentralizing effects of distributed ledgers have enormous amounts of potential and may mean the Internet will never be the same again. The fact that one could eventuall

Kyklo is bringing the billion-dollar electromechanical industry into digital sales

The electromechanical industry may not be the kind of sexy tech that you’ll regularly read about in TechCrunch, but we like solutions to problems, and that is why I am about to write about a co

Helpster, a platform for temp job seekers in Southeast Asia, raises $2.5M

Helpster, a two-year-old startup that connects blue-collar workers with employers in Southeast Asia, has closed $2.5 million in new funding. The startup operates in Thailand and Indonesia with around

China’s JD.com announces $500M e-commerce and fintech joint ventures in Thailand

Roll up, roll up… there’s another e-commerce mega deal in Southeast Asia courtesy of a Chinese investor. Following on from Alibaba’s $1 billion deal with Lazada and a $1.1 billion ro

Thailand’s Kasikorn Bank backs cloud accounting startup in first deal for $30M fund

Thailand’s banks have stepped up to chase the startup dream over the past year. Following on from SCB’s Digital Ventures, which has backed blockchain startup Ripple among others, Kasikorn

Chat app Line is launching a taxi-booking service to rival Uber in Thailand

Uber just got itself another potential thorn in its side in Southeast Asia, where its closest rival Grab just raised $2 billion in fresh capital, after an unlikely source announced plans to enter Thai

Alibaba and Tencent are carving up Southeast Asia’s startup ecosystem

Two global tech forces are putting their mark — and money — into Southeast Asia’s nascent startup ecosystem, but they may not be the Western names that you expect. Rather than Googl

Omise acquires online payment business Paysbuy from Thai operator Dtac

It isn’t often that you see startups buying chunks of large corporates, but that’s what has happened in Thailand this week. Following the closure of its $25 million ICO token sale yesterda

Thailand jails man for 35 years for Facebook posts that insulted its royal family

A man in Thailand has been sentenced to 35 years in prison after he was found guilty of insulting the country's royal family on Facebook. Identified only as Wichai, he is alleged to have published 10

Thailand’s Kasikorn Bank launches $30M ‘Beacon’ fund for fintech

Roll up, roll up, there’s a new fintech VC fund in Southeast Asia town. Today, Thailand-based Kasikorn Bank announced its inaugural tech fund which is 1 billion THB, just shy of $30 million, in

Spotify steps up Asia expansion with plans to launch in Vietnam and Thailand

Fresh from speculation around an impending IPO, Spotify is hitting the gas on its expansion plans in Asia. Two sources close to the company told TechCrunch that the firm is working to launch its music

Thailand backs down on threat to ban Facebook

The government of Thailand has backed down on a threat to ban Facebook if it did not block content deemed to be illegal in the country. The ruling military junta last week said it would ban the U.S.

Regulators clamp down on UberX in Hong Kong and Thailand

Uber's crisis PR activities have returned to relative normality in Asia after the U.S. firm ran into fresh issues with government regulators in two countries this week: Hong Kong and Thailand. The rid

Rocket Internet’s Zalora is retreating from two more countries in Asia

Zalora, the Rocket Internet-backed online fashion store, is continuing its retreat from Asia. The firm sold off its businesses in Vietnam and Thailand last year, and now it is withdrawing from the Phi
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