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IM Motors has launched the LS6 SUV, rebranded as the IM6, in Thailand, marking its entry into international markets with a starting price of THB 1,399,900 ($41,600). The model is available in two variants, Premium and Performance, featuring battery packs of 75 kWh and 100 kWh, offering ranges of 550 km and 634 km, respectively. Following its initial launch in China, IM Motors plans to expand further into regions like Australia, the UK, and the Middle East with the LS6 and L6 electric sedans as key models.
Barclays has reaffirmed its Equalweight rating for Fabrinet with a price target of $245, highlighting the company's new partnership with Amazon Web Services (AWS) for AI infrastructure projects. This collaboration positions Fabrinet to capture market share as AWS seeks to reduce reliance on certain suppliers amid geopolitical concerns. CEO Seamus Grady noted the potential for significant revenue growth, supported by Fabrinet's cost-effective manufacturing capabilities and plans to expand revenue capacity by $2.4 billion within 16 to 18 months.
UBS has upgraded Thailand to 'Overweight', citing improved market attractiveness and reduced political uncertainties. The firm anticipates a decrease in credit costs and highlights potential in Thai stocks, particularly CP All and Airports of Thailand, amid evolving market dynamics and government policy support. Despite global economic challenges, UBS sees opportunities for tactical outperformance in emerging markets, driven by a recovery in consumption and tourism.
Manchester United has announced a 5% increase in season ticket prices for the 2025-26 season, despite calls from fan groups for a freeze. While under-16 ticket prices remain unchanged, the club is introducing a new pricing structure for high-profile matches. This decision comes amid ongoing financial challenges, with cumulative losses of £410 million over the past seven years.
Huawei unveiled its AI-Centric Network solution at MWC Barcelona 2025, emphasizing the transformative potential of 5G-Advanced (5G-A) and AI in enhancing network capabilities and enabling carriers to shift from traditional telco models to tech-driven approaches. With over 2.1 billion global 5G users and significant investments in mobile internet infrastructure, Huawei aims to help carriers deliver personalized services and capitalize on new business models, as the demand for robust AI applications grows.
Huawei Cloud Thailand launched a new suite of cloud services at a technology forum in Bangkok, aimed at enhancing the country's digital transformation through AI capabilities. CEO Celine Cao highlighted the importance of open-source collaboration for building localized intelligent ecosystems, while experts discussed the need for intelligent data governance to turn data into competitive advantages. The event showcased innovative solutions like DeepSeek and various cloud services designed to streamline AI application development and ensure business continuity.
Southeast Asia's payments landscape is rapidly evolving, with non-digital payment methods declining to just 13% of ecommerce transactions in 2023, projected to drop to 6% by 2028. The region's ecommerce market, valued at $137 billion, is expected to grow to $325 billion, driven by cross-border commerce and new payment methods like digital wallets and buy now, pay later options. However, merchants face challenges in navigating cross-border payments, including integration, fraud prevention, and transaction fees, necessitating the use of payment service providers for effective solutions.
This week marked a significant surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March, potentially signaling a revitalization in the region's investment climate.
This week saw a surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March as the region's startup ecosystem continues to evolve.
Huawei Cloud Thailand launched a new suite of cloud services aimed at accelerating the country's shift to AI-native technologies during a recent technology forum in Bangkok. The event gathered over 200 industry leaders to discuss the importance of data in the AI era, highlighting innovations like the DeepSeek localization solution, which significantly reduces deployment times and costs. The initiative emphasizes open-source collaboration and aims to empower Thai enterprises through intelligent data governance and advanced AI capabilities.
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IM Motors launches IM6 SUV in Thailand marking international expansion
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