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Asia most represented region on Forbes’ billionaires list

While the Asia-Pacific region boasted the largest number of billionaires, by country, the U.S.led the way with 565. It was followed by 319 in China, 114 in Germany and 101 in India.

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The number of billionaires across the world topped 2,000 for the first time ever, with the Asia-Pacific region accounting to 720, according to Forbes’ annual rich list.

In the list released on Monday, Microsoft’s Bill Gates maintained top spot for the fourth-straight year with a fortune of $86 billion, while Wang Jianlin, the chairman of Dalian Wanda Group and China’s richest man, was the most affluent Asian, coming in at 18th with a fortune of $31.3 billion.

Founder of Chinese internet giant Alibaba Group Holding Jack Ma Yun was the third richest man in Asia, at No.23 and worth $28.3 billion.

Alibaba made international headlines when its public stock offering in New York in 2014 became the biggest ever IPO.

Apart from its mainstay e-commerce business, the group has ambitions in the movie industry, with its entertainment arm Alibaba Pictures striking a cooperation agreement with Amblin Partners, a production company led by Steven Spielberg.

Tencent’s Pony Ma Huateng was Asia’s fourth richest. The instant messaging application Weixin/WeChat that Ma runs now boasts a whopping 806 million monthly active users. The company is seeking to team up with more retailers in Hong Kong to boost usage of its WeChat Wallet mobile payment service in the city.

Source: Asia most represented region on Forbes’ list- Nikkei Asian Review

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Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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