Chalida Ekvitthayavechnukul

Correspondent, Thailand

Baidu Ventures backs self-driving car sensor developer Lunewave’s $5m round

Chinese internet group Baidu launched Baidu Ventures to back early-stage AI, VR/AR projects in China and the US.

Thailand Digest: IVL to seal $1b deals soon; Huawei investing $21.6m in cloud service

Indorama Ventures Pcl expects to close three deals worth around $1 billion by this year end. Huawei Technologies to launch public cloud services in Thailand.

Thai-listed IT firm VCOM to buy out I-Secure for $6m

The move will enable Vintcom to expand into IT and network security business.

Thailand: CPN buys out listed property developer GLAND for $616m

Following the tender offer, CPN will delist GLAND from the Thai bourse.

Singapore’s Centurion Corp to buy S Korea’s Benikea Hotel for $12m

This marks the SGX-listed firm’s entry into North Asia.

Logistics startup aCommerce mulls IPO outing by 2020, eyes profits in key markets

To date, aCommerce has received a total of $96.5 million in investment from industry leaders such as KKR’s Emerald Media, BlueSky, DKSH, Inspire Ventures, Sinarmas and NTT Docomo.

China Digest: Orchid Asia leads SoYoung round; Baidu Video snags $100m

Beijing-based marketplace for plastic surgery SoYoung has raised its Series E round while Baidu Video has snagged a funding of $100 million.

China’s online healthcare platform Jianke secures $130m Series B, led by GTJA

Jianke has invested and developed a number of physical and ‘Internet’ hospitals in China as well as formed partnerships with healthcare giants

Thailand’s Digital Ventures joins AI-based asset manager Pagaya’s $14m series B round

The Series-B funding will help the firm to further develop its proprietary algorithm to enter new data-rich asset classes.

Thailand’s SHREIT to invest $177m in two hotels in ASEAN

The deals will raise its assets under management to 10 billion baht, making it the country’s largest hotel REIT so far.