Thai Digest: Gulf Energy backs Binance Labs; AirAsia launches ride-hailing services

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi

Gulf Energy Development has invested $10 million in Binance Labs’s new vehicle; while AirAsia has rolled out its ride-hailing services in Thailand, taking on incumbents Grab and Lineman.

Gulf Energy Development invests in Binance Labs’s vehicle

Thailand-based power producer Gulf Energy Development, through its subsidiary Gulf International Investment (Hong Kong) Limited, has invested $10 million in Binance Labs Investment Fund, according to a filing with the Stock Exchange of Thailand (SET).

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