Supachai leaves his CEO position at CP Group to launch "Arise Ventures," establishing an AI empire in the region.

Supachai Chearavanont announced his resignation as CEO of CP Group, focusing entirely on building a new empire with Arise Ventures Group. He made headlines by acquiring a 24.95% stake in True Corporation, aiming to create a comprehensive digital ecosystem integrating AI, deep tech, and a virtual bank. The goal is to elevate Thailand into a regional innovation hub and drive a sustainable digital economy transformation.

January 22, 2569 – Mr. Supachai Chearavanont Announcing his resignation as Chief Executive Officer (CEO) of Charoen Pokphand Group (CP Group). To dedicate his entire vision to managing Arise Ventures Group, the technology giant he co-founds and owns 100% of, with the goal of driving AI innovation and digital infrastructure regionally.

The key highlights of this transition. คือ Arise Digital Technology Co., Ltd. (a subsidiary of Arise Ventures) has signed an agreement to purchase a 24.95% stake in True Corporation Public Company Limited from Telenor Thailand Investments Pte Ltd.

This move is not just a financial investment, but about bringing "True" into the core of Arise's technology ecosystem to accelerate the mass adoption of AI and Cloud.

Under the leadership of Supachai, Arise Ventures Group has not only focused on the telecommunications business but has also laid the foundation for a comprehensive digital infrastructure, such as:

• Deep Tech & Infrastructure: Focusing on Data Centers, Cloud Computing, and Cybersecurity through its stake in True IDC, Thailand's leading data center provider.
• Fintech & Virtual Bank: Building on the success of Ascend Money, Thailand's first fintech unicorn, which recently obtained a Virtual Bank license, prepares to revolutionize access to financial services for Thais.
• Regional Player: Aiming to expand investments throughout Southeast Asia, with Thailand as the hub of the digital revolution.

Supachai's decision to leave his top position at CP Group to head Arise Ventures reflects his confidence in the company. that "Technology is a tool for reducing inequality." This new vision focuses on creating an integrated ecosystem that combines AI, financial services, and high-speed connectivity to enhance the capabilities of both businesses and people at a regional scale.

Experts view this move as Supachai's full transition from "traditional business" to the "digital economy," which will have a wide-ranging impact on the technology and financial landscape in Thailand from now on.

Read related news

• Arise Ventures Group announced a strategic investment in True Corporation.
• True Corporation informed the market after Telenor Group signed an agreement to sell a 24.95% stake to A-Rice Digital.