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Indonesian ride-hailing giant Go-Jek has officially entered Thailand’s ultracompetitive and burgeoning food delivery scene.

In order to gain a foothold in its fellow southeast Asian country, Go-Jek partnered with local ride-hailer and motorbike delivery service Get.

Go-Jek was unwilling to provide specific details on who their main funders were, but according to Thailand business attorneys, foreign ownership of domestic companies cannot exceed 49%.

The two will work together using the established Get brand name and the company’s local expertise while Go-Jek will provide funding and the technology to challenge the big fish in the market, such as Grab.

Get is a Thai start-up that has only been in operation for less than a year, but has already amassed 20,000 merchants and 10,000 drivers.

Thailand is Go-Jek’s third entry into foreign markets, with Singapore and Vietnam coming before.

Read the full story here.

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Over 500 Chinese companies made their way to Thailand last weekend in order to forge bilateral contracts that would pave the way for new Chinese manufacturing sites in the Southeast Asian country.

The move comes as a mutually beneficial economic deal for both countries.

On the one hand, Thailand will be able to link its Eastern Economic Corridor, which has prime port access to the rest of the world’s trade, with China’s insanely ambitious Belt and Road Initiative that seeks to create a trade infrastructure of roads, bridges, and other pathways from mainland China all the way to Europe.

Also, the economic symbiosis between the two countries will give Chinese manufacturing sites a crucial loophole to avoid US tariffs that have become the norm as Donald Trump’s trade war against the East Asian nation intensifies.

“It is the [opportunity] Chinese investors are seeking: a place outside China to produce with higher competitiveness to counter the effects of the trade war and also to become more competitive in global markets,” said Stanley Kim, the chairman of the Joint Foreign Chambers of Commerce who organized the event.

Read the full story here.

For a qualified Thailand business attorney, contact the expert lawyers at Chaninat & Leeds.

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