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TusStar incubator opens new cooperation chapter with Thailand



Launching ceremony of TusStar (Bangkok), the China-Thailand Digital Incubator

TusHoldings, a technology service group affiliated to Tsinghua Holdings, and Thailand's Digital Economy Promotion Agency (DEPA) jointly launched the China-Thailand digital incubator TusStar (Bangkok) in Bangkok, during the Digital Thailand Big Bang that opened on Sept 19.

As the first cross-border incubator in Thailand, the digital incubator symbolizes that Thailand and China have established a long-term relationship in boosting regional economic prosperity and supporting growth of digital technology start-ups.

The incubator's opening ceremony was witnessed by Thailand's Deputy Prime Minister Somkid Jatusripitak. 

The TusStar (Bangkok) will work on accelerating startups to help them upgrade technology and improve business abilities. It will mainly focus on enterprises featuring digital technologies, and help achieve faster development in big data analysis and artificial intelligence.

In addition, the incubator will also do its part in technology transfer, exchange programs for entrepreneurs, investment opportunities and creating a shared economic ecosystem between two countries.

TusStar has started business early in Southeast Asia and has been developing fast, said  Chen Hongbo, executive vice-president of TusHoldings, adding that TusStar (Bangkok) will play a role in entrepreneurial training in Thailand and will lead to further cooperation.


Somkid Jatusripitak (R), deputy prime minister of Thailand, meets with Wang Jiwu, chairman of TusHoldings, on Aug 23. 

The preparation for TusStar (Bangkok), including doing surveys, signing agreement, was finished only within a month after a meeting between Somkid Jatusripitak, deputy prime minister of Thailand, and Wang Jiwu, chairman of TusHoldings, on Aug 23, which is a sign that both sides highly valued the cooperation.

TusStar (Bangkok) will open by the end of this year in the headquarters of DEPA.