Asia news roundup: Alibaba commits $320m to Thailand; True Balance, Triip, and Intrepid funded

Photo credit: Dan Freeman / Unsplash

In today’s news, Alibaba contest rivals JD and Tencent with a big investment in Thailand, while Indonesia has been highlighted as making the most progress on financial inclusion among east Asian and Pacific countries.


True Balance nets US$23 million investment (India/South Korea). The payment startup, with bases in India and South Korea, has raised US$23 million in a bridge funding round led by a consortium of investors including Line, Naver,

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