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Thailand: December 2023

The Thailand tech news snapshot for December 2023 captured a handful of items, including: Thailand’s potential for tech and startup activity, given its economic stature in SEA; Thailand-Hong Kong cross-border payments via QR code apps; Tesla’s interest in Thailand for an EV manufacturing plant; and more.

Other editions: Asia’s tech news, daily (via LinkedIn, Facebook & Twitter/X); and Indo-Pacific technology newsletters, weekly.

Also available:
Critical technologies in December 2023

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“Thailand, the second-largest economy in Southeast Asia, is poised to reclaim attention in the startup landscape. While currently boasting approximately 180 funded startups, a modest figure compared to other ASEAN-6 nations, Thailand’s economic stature hints at vast untapped opportunities.”

“The impending boost comes from a strategic shift in investment focus, prioritizing rapid profitability, complemented by government initiatives fostering a digital economy. This dynamic combination is set to propel Thailand’s startup ecosystem into accelerated growth, particularly in sectors like Industry 4.0, Software, Fintech, B2B Marketplaces, and Climate Tech. As the landscape evolves, Thailand emerges as a compelling hub for innovation and entrepreneurial success.”

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