What: Thai luxury mall Siam Paragon opens a space dedicated to innovation, accessible to all.

Why it is important: Due to the local competition, Thailand is now a strategic scene in terms of retail innovation.

Siam Paragon, a renowned shopping center in Bangkok, in partnership with SCBX, has unveiled the Siam Paragon Next Tech x SCBX. This is described as a collaborative tech ecosystem dedicated to learning, technology, investment, and social media.

Established with an investment of over 200 million baht (about $5.48 million), this 4,000 sq.m. hub promotes the exchange of knowledge and is designed to prepare individuals for the digital age.

Its grand launch gathered influential tech figures from companies such as NFT Now, Microsoft, and Ant Group. Siam Paragon views this initiative as a pioneering platform for collaborative innovation, aiming to redefine lifestyles for the "World of Tomorrow". The concept emphasizes co-creation and sustainability, with initiatives like the 'Trusted By Synnex E-Waste' project for electronic waste management. SCBX aims to make this facility a cornerstone for fintech in the region, featuring areas dedicated to developers, innovation workshops, and financial tech showcases. Seven "Future Communities" focus on areas such as blockchain, health tech, AI, gaming, and social media. Moreover, a dedicated stage for events can host up to 300 people for seminars and art displays.

Siam Paragon intends to invest over 3 billion baht (approximately $81.4 million) this year in its transformation.

Siam Paragon unleashes collaborative digital tech ecosystem