Filing: Thailand's Kasikorn Bank buys 97% of the Satang crypto exchange, operating in Thailand since 2017, for ~$102.8M and plans to rebrand Satang to Orbix
Sam Reynolds / CoinDesk :
JD.com's joint ventures in Thailand and Indonesia plan to shut down in March 2023 amid regional competition, as JD.com focuses on logistics and growth in China
Ben Jiang / South China Morning Post :
Thailand's Siam Commercial Bank abandons its $500M acquisition of Thai crypto exchange Bitkub, announced in 2021, saying Bitkub needs to fix regulatory issues
Kari McMahon / The Block :
Siam Commercial, Thailand's largest bank in which its king is the largest shareholder, acquires 51% of crypto exchange Bitkub for $535M, at a $1B+ valuation
- Siam Commercial Bank buys majority stake in Bitkub Online — Bitkub coin surges 200% to record $2.85 following Siam deal
LINE MAN, a Thailand-based food delivery unit of Japanese chat app LINE, raises $110M and merges with local restaurant aggregator Wongnai
Chayut Setboonsarng / Reuters :
Sources: Thailand's CP Group has acquired Omise, the Asian payments company behind the OmiseGO network token OMG, for $150M
The Block :
Grab raises $200M from Thai retail conglomerate Central Group, says the deal is not part of ongoing Series H but an investment into its Thailand-based business
it is putting $200M into Grab's Thailand business and integrating its many retail businesses into Grab, including food, logistics, customer transport and more http://techcrunch.com/...
JD.com and Thai retail giant Central Group sign $500M deal to set up e-commerce and fintech joint ventures in Thailand
Yukako Ono / Nikkei :