Jack Ma

Jack Ma announces $320m investment in Thailand as Alibaba beefs up presence


Alibaba aims to tap Chinese consumers’ appetite for the Southeast nation’s agricultural goods and for its tourism market amid growing competition from rivals.

Thai firm Charoen Pokphand Foods picks 40% in Brazil’s shrimp producer Camanor

CPF agreed to purchase a total of 4,666,667 newly-issued ordinary shares in Camanor.

Thailand’s King Power to buy parts of country’s tallest building in $450m deal

The seller is Thai real estate firm Pace Development Corporation that is selling 14 billion baht worth of assets, including a substantial part of Thailand’s tallest building MahaNakhon.

TPG said to eye stake in $500m Thai fertility hospital

TPG is stepping up healthcare investments in Asia that is seeing growing affluence, ageing population and increased availability of medical insurance.

Thai Ookbee, Computerlogy partner S Korea’s YDM to form blockchain JV

The JV has initiated one billion SIX tokens, each valued at 10 US cents, and is targeting to raise nearly $43 million via ICO.

Thailand to regulate cryptocurrencies, ICOs from April

Offerings of digital coins as well as trading platforms will fall under the regulatory framework.

Thai beverage maker TCC Group acquires e-commerce firm Tarad.com

Thai beverage and retail conglomerate TCC Group is acquiring a majority stake in Tarad.com, a leading domestic e-marketplace operator, at a reported estimated price of at least THB250 million ($8 million).

Thailand’s Red Bull rival Carabao slumps weighed down by overseas expansion

Thailand’s Carabao Group has fallen almost 40% on a total return basis from a peak in October last year. The drop is the worst globally among soft-drink makers with a minimum $1 billion market capitalization, according to Bloomberg data.

Malaysian food delivery startup dahmakan acquires Thai competitor Polpa

This will be the first of dahmakan’s three-city expansion plan in Southeast Asia in 2018, with Jakarta and Hong Kong slated for Q3 and Q4.

Bangkok is new battleground for Foodpanda, Uber’s meal delivery apps

Foodpanda, Line Corp.’s Line Man and Uber Eats are all trying to woo customers in a market they see as underdeveloped compared with Hong Kong or Singapore.