Thailand's Line Man Wongnai buys payments firm Rabbit Line Pay
Line Man Wongnai last month said it had agreed to buy startup FoodStory, which offers POS systems to restaurant operators.
Source: dealstreetasia.com
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Local unicorn trio prove naysayers wrong
The Thai economy witnessed the birth of three unicorn companies this year -- Flash Express, Ascend Money and Bitkub Online -- debunking the belief that the country doesn't have the supporting ecosystem for unicorn startups to thrive.
Source: bangkokpost.com
Facebook, Line bet on social commerce
Facebook, Line bet on social commerce published : 15 Jul 2021 at 05:38 Social commerce has seen 15-20% growth per year, on par with the growth in e-commerce. Social media giants Line and Facebook are ramping up efforts to attract merchants and offer new features to boost shopping experiences in order to drive growth in the country's burgeoning social commerce market, valued at 160 billion baht. "The pandemic is driving merchants' shift to online channels as evidence shows an uptick of new sellers on Line Shopping," said Lertad Supadhiloke...
Source: bangkokpost.com