Thailand Probes 3 Chinese-Language Delivery Apps Over Foreign Ownership Rules

2 articles · Updated · Nation Thailand · Jun 29

Thailand’s Department of Business Development is investigating three Thai-registered Chinese-language food delivery platforms for possible foreign ownership and nominee-shareholding violations under rules that generally cap foreign stakes at 49%.
The probe widened after online posts flagged a Gokoo rider without a license plate, turning attention from one viral image to broader questions over platform legality, rider management and closed-loop Chinese business networks.
DBD said initial checks found Gokoo and Feixiang had Thai shareholders holding more than half their shares, while E-GetS is 90% owned via a Cambodian juristic person and is being examined for funding sources and management control.
Gokoo said it complies with Thai law, processes payments only in baht, employs only Thai workers and is registered with 30 million baht in capital; it also apologized over obscured or missing plates and opened an internal review.
The Bank of Thailand said regulated payment providers must use Thai baht only and reported at least 5,000 accounts tied to yuan transfers via person-to-person QR codes were suspended between February 2025 and May 2026.