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Singapore-based Digital Edge and Thai energy firm B. Grimm Power Pcl are investing $1 billion to build a 100-megawatt data center in Thailand, set to be operational by Q4 2026. This project underscores Thailand's emergence as a key data center hub, with significant investments and a focus on renewable energy to meet growing demand. The country aims to enhance its energy infrastructure while attracting major tech players amid a projected annual growth rate of 7.5%-8.5% in the data center industry from 2025 to 2027.
Limited, a US-based fintech startup founded by Egyptian entrepreneur Hussein Ahmed, has raised $7 million in seed funding to expand its stablecoin-based global banking services. The platform, which integrates self-custody security with traditional banking functionality, is accessible in 176 countries and supports over 300 local payment methods. This funding will enhance growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East, addressing the demand for secure, borderless financial services.
Southeast Asia is poised to see a significant shift in energy use, with projections indicating that by 2030, a third of the region's data centers could be powered by solar and wind energy. This transition is crucial as the demand for energy-intensive technologies, like AI, continues to rise. However, experts caution that renewable energy alone won't suffice; investments in battery storage and smart electricity management are essential for sustainable growth.
YouTube's creator ecosystem in Southeast Asia has seen remarkable growth, with 7,600 channels surpassing 1 million subscribers and 290 million users reached in 2024. Video commerce now accounts for 20% of e-commerce GMV, driven by high consumer trust in creator content, particularly in Thailand and Indonesia. This shift towards trust-based commerce is reshaping the digital economy, as creators increasingly influence purchasing decisions and consumer behavior across the region.
Southeast Asia ranked second globally in mobile game downloads in Q1 2025, with 1.93 billion installs, a 3% increase from the previous quarter, and generated $625 million in in-app purchase revenue. Indonesia led the region with 870 million downloads, while Thailand excelled in revenue generation, reflecting strong digital payment infrastructure. The region's growth is driven by rising smartphone adoption and a young, engaged population, with free-to-play models dominating the market.
Telkomsel has partnered with Perplexity to launch Indonesia's first AI internet bundle, combining high-speed connectivity with AI tools. This initiative aims to enhance access to AI services, addressing infrastructure challenges and aligning with the national AI strategy. The bundle is available for both enterprise and retail customers, reflecting Indonesia's leadership in AI adoption in Southeast Asia.
GoTo and Indosat Ooredoo Hutchison have launched an updated Sahabat-AI model featuring 70 billion parameters and a multilingual chat service, accessible via sahabat-ai.com and the GoPay app. This initiative supports five local languages and aims to enhance cultural relevance while ensuring data residency and regulatory compliance. Collaborating with local universities and media, the project aligns with Indonesia's digital sovereignty goals and addresses the urgent need for AI talent development in the country.
Matcha is rapidly gaining popularity in the Middle East, particularly in Dubai, Abu Dhabi, and Riyadh, where specialty cafes are blending it with traditional beverages like karak chai. Driven by health-conscious millennials and a booming wellness culture, the matcha market in the region is projected to grow significantly, despite challenges in supply and cultural competition with established coffee traditions. As Japan faces production shortages due to soaring global demand, local businesses are encouraged to foster direct relationships with tea growers to ensure quality and availability.
Matcha, once exclusive to Japanese tea ceremonies, is gaining traction in the Middle East, driven by health-conscious millennials and a vibrant cafe culture. While it offers a gentler energy boost compared to coffee, its earthy flavor may challenge traditional preferences. The region's matcha market is projected to grow significantly, aligning with Saudi Arabia's Vision 2030 initiative to diversify its economy and embrace innovative food and beverage trends.
Avatr has officially launched the Avatr 11 SUV in Hong Kong, starting at HKD 513,800 ($65,540), as part of its international expansion. The company reported a significant year-on-year sales increase of 82.84%, with 36,164 vehicles sold from January to April. Additionally, the limited-edition Avatr 012 sedan was showcased, co-designed by Nader Faghihzadeh and Kim Jones, targeting a high-end market.
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Thailand attracts major investment with billion dollar data center project
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Egyptian fintech startup raises 7 million for global stablecoin banking expansion
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matcha's rise in the middle east challenges traditional coffee culture
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