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GENERAL

Konvy aiming to achieve unicorn status by 2027

Business, Suchit Leesa-nguansuk, Published on 12/01/2024

» Konvy International, a Bangkok-based online beauty platform, aims to become a unicorn by 2027 via expansion in Southeast Asia and a plan to go public by that time.

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GENERAL

2C2P bullish on revenue growth in 2024

Business, Suchit Leesa-nguansuk, Published on 12/01/2024

» 2C2P (Thailand), a global payments platform under the Ant Group, has continued to grow by gaining more merchant partners from Alibaba while catering to small and medium-sized enterprises (SMEs) operating offline, enabling them to receive e-wallet payments from Chinese visitors to Thailand.

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GENERAL

Agency seeks allies to take down scams

Business, Suchit Leesa-nguansuk, Published on 08/01/2024

» The National Cyber Security Agency (NCSA) is seeking an alliance to urge Meta, the parent of Facebook, to implement stronger measures to handle scam advertising on the platform.

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GENERAL

IT sales surge in first week of January

Business, Suchit Leesa-nguansuk, Published on 09/01/2024

» Smartphones and computer products posted strong sales growth of 30-60% during the first week of January, boosted by the government's e-receipt programme, signalling a positive sales result for the first quarter, according to IT product vendors.

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GENERAL

E-commerce competition set to heat up

Business, Suchit Leesa-nguansuk, Published on 06/01/2024

» The round of layoffs taking place at Alibaba-owned Lazada in Southeast Asia signals tougher competition in Thailand's e-commerce sector as players jockey for profit growth to increase investor confidence and prepare for new rivals.

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GENERAL

E-commerce faces tax crackdown

Business, Suchit Leesa-nguansuk, Published on 04/01/2024

» The Revenue Department's decision to require digital platforms to report revenue gained from their online merchants is expected to affect Thailand's e-commerce landscape on many fronts.

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GENERAL

Competition in delivery services to intensify

Business, Suchit Leesa-nguansuk, Published on 03/01/2024

» Chinese logistics giant SF Holding's acquisition of shares in Kerry Express (Thailand) is set to intensify competition in Thailand's delivery services sector.

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GENERAL

New tactics urged for quantum computing

Business, Suchit Leesa-nguansuk, Published on 26/12/2023

» Technology advisors are pushing organisations to adopt the post-quantum cryptography (PQC) approach to remain secure against attacks by quantum computers.

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Crypto scammers in the crosshairs

Business, Suchit Leesa-nguansuk, Published on 23/12/2023

» Binance has joined forces with the Royal Thai Police to fortify the latter's forensic expertise in cryptocurrency, uniting to combat the surge in digital asset-related crimes.

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GENERAL

Country eyes regional AI hub status by 2027

Business, Suchit Leesa-nguansuk, Published on 19/12/2023

» Thailand wants to become the artificial intelligence (AI) hub of Southeast Asia by 2027, attracting more foreign technology investment in cloud data centres, says Digital Economy and Society (DES) Minister Prasert Jantanaruangthong.