Thailand

Thai e-book startup Ookbee lands $7M in Series B funding for Southeast Asian expansion

Bangkok, Thailand-based digital publication platform Ookbee landed $7 million in a Series B funding led by Japanese outsourcing firm Transcosmos to fuel its Southeast Asian expansion.

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Price comparison site PricePanda launches in Thailand

Berlin, Germany-based price comparison website PricePanda launched in Thailand after raising $3 million from Tengelmann Group, as part of its campaign to expand to South Asian countries.

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SoftBank makes equity investment in Thai game operator Ini3

In a deal that marks its second investment in Southeast Asia, SoftBank Ventures Korea poured an undisclosed amount into Bangkok, Thailand-based online game operator Ini3 Digital to acquire a 23% equity in the said company.

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Japanese messaging app Line to launch open sticker marketplace and Skype rival

Japan-based mobile messaging app Line will launch an open sticker marketplace called Line Creators Market in April and will also release a Skype-like service in five countries.

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China's Fosun Group invests $30.7M in Malaysian restaurant chain Secret Recipe

Chinese conglomerate Fosun Group invested CNY210.5 million ($30.7 million) in Kuala Lumpur, Malaysia-based restaurant chain Secret Recipe, according to a report by Shanghai's China Business News.

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Thailand's Asiasoft buys out Philippines online publisher IP E-Games' stake in Level-Up

Thailand-based online entertainment firm Asiasoft Corporation Public Company Ltd is buying out the entire 30% stake of Philippine-based online game publisher IP E-Game in Level-Up to gain a 70% controlling stake in the latter.

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Tata Motors executive Karl Slym dies in Thailand in suspected suicide

Karl Slym, managing director of India-based automotive firm Tata Motors Ltd, was found dead after falling from the 22nd floor of the Shangri-La hotel in Thailand in what police suspect as a suicide case.

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Malaysia to relax foreign auto restrictions to lure in investments

Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.

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ACE Ltd to acquire 60.9% stake in Thai insurer in $185M deal

Swiss insurer ACE Ltd agreed to buy a 60.9% stake in Thai insurance firm Siam Commercial Samaggi Insurance in a $185 million deal as it joins other insurance in making its presence felt in Southeast Asian insurance markets, Reuters reported.

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'Amazon of Asia' Lazada bags $250M to cement e-commerce in Southeast Asia

Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.

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Toshiba partners with real estate company to sell solar power to German households

Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.

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TDK subsidiary to take over Entrotech's HDD-related companies

Japanese electronics company TDK Corporation on Monday said that its Thailand-based subsidiary Magnecomp Precision Technology will buy two HDD-related companies from American manufacturer Entrotech Inc.

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Thai govt's collateral-free loan scheme may not combat loan sharks-report

The new collateral-free microfinance program set to be implemented next year by the Finance Ministry of Thailand to fight illegal loan sharks may not gain wide acceptance due to its high interest rate, according to a report on The Nation.

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Thailand to launch 2 trln infrastructure project in 2014

Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.

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Social messaging startup Jongla racks up EUR1.4 million in funding

Finland-based mobile social messaging startup Jongla recently raised EUR1.4 million in a funding round from Oy Ingman Finance to be used for the development of its youth-oriented messaging app.

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