Date
17 October 2018

HKEJ

Hong Kong Economic Journal
  • Ztore.com co-founder and CEO Danny Shum said the company has over 200,000 users who spend HK$580 per order on average. Photo: HKEJ

    Online supermarket Ztore.com secures US$8 mln Series B funding

    - Oct 16, 2018 1:22pm
    Ztore.com, a Hong Kong-based e-commerce startup selling groceries and home essentials, has completed an US$8 million Series B funding, led by Welight Capital and joined by Kwai Hung Group. Founded in 2015, Ztore.com mainly offers local...
  • Carman Chan (2nd from left) of Click Ventures; Herbert Chia (2nd from right) from Sequoia Capital China; and Wayne Chu (far right) from Mindworks Ventures join in a panel discussion on startup funding challenges from an investor perspective. Pic: HKEJ

    What VCs look for in startups before writing the checks

    - Oct 12, 2018 5:27pm
    Entrepreneurs often turn to venture capital (VC) firms when they want to finance and grow their startups. VC firms can provide capital, strategic assistance, and other kinds of support to startups, in exchange for a portion...
  • Herbert Chia (center), a former Alibaba vice president, was one of the chief instructors and judges at a student hackathon held at the Hong Kong Science Park last weekend. Photo: HKEJ

    Student hackathon with a Big Data guru

    - Oct 11, 2018 4:37pm
    A hackathon, a design sprint-like event where programmers and related parties collaboratively intensively on software projects, was held last Saturday at the Hong Kong Science Park. Headlined “Building a Dashboard for Hong Kong”, the codefest drew...
  • Deep Intelligent Pharma, led by its founder and CEO Li Xing (inset), plans to use its new funds for research and development of AI-powered drug development technology. Photos: Internet

    China AI drug startup secures US$15 mln new funding from Sequoia

    - Oct 10, 2018 10:40am
    Deep Intelligent Pharma (DIP), a Chinese startup that offers artificial intelligence (AI) and blockchain technology for drug development, has raised US$15 million in Series B funding from Sequoia Capital China, according to reports. Leveraging the AI...
  • An augmented reality-powered voice assistant service in Japan. There has been a shift from early-stage North American VR investment to later-stage Chinese computer vision/AR investment. Photo: Bloomberg

    Chinese investments in AR, computer vision technologies surge

    - Oct 9, 2018 4:09pm
    China-based funding for augmented reality (AR) and computer vision technologies hit US$3.9 billion over the last 12 months, surging ahead of similar investments in North America, according to Digi-Capital’s AR/VR/XR Analytics Platform, which tracks AR investments....
  • David Lee, CEO and co-founder of NEX Team, presents HomeCourt, a new iPhone app that uses artificial intelligence and augmented reality to track and analyze basketball shots. Photo: Apple

    HK-born tech entrepreneur David Lee slam-dunks with HomeCourt

    - Oct 8, 2018 4:09pm
    When Apple introduced iPhone XS and iPhone XR during an event in September, the company also brought to the stage former NBA star point guard Steve Nash and David Lee, CEO and co-founder of HomeCourt maker...
  • The Faster Payment System (FPS) allows instant money  transfer or bill payment via a swipe of the QR code on the user's mobile phone. Photo: CNSA

    Faster payment system pushes HK towards cashless society

    - Oct 5, 2018 6:35pm
    The Hong Kong Monetary Authority (HKMA), the de facto central bank, has recently unveiled the Faster Payment System (FPS). The system, operated by Hong Kong Interbank Clearing Limited, allows instant money transfers and bill payments via the...
  • Google hopes to bolster its capabilities in artificial intelligence through the acquisition of customer service automation startup Onward. Photo: Onward

    Google acquires AI-powered customer service startup Onward

    - Oct 4, 2018 4:33pm
    Google has acquired customer service automation startup Onward in a move to bolster its capabilities in artificial intelligence. The terms of the deal were not disclosed. Onward co-founders Rémi Cossart and Pramod Thammaiah, as well as...
  • Chinese online education platform Zuoyebang is an app that lets students seek help on study-related problems. Photo: Zuoyebang

    SoftBank to invest in Baidu online education spin-off

    - Oct 3, 2018 1:57pm
    Japan’s SoftBank Vision Fund is reportedly in talks with Chinese online education startup Zuoyebang, seeking to invest about US$500 million in the firm in a bid to gain a foothold in the country’s rapidly expanding internet...
  • Maintaining a good relationship with teammates is important for e-sports players to win audience support. Photo: Hong Kong Esports

    Asian Games glory boosts Hong Kong e-sports

    - Sep 28, 2018 1:23pm
    Hearthstone, a turn-based card game played online, gave Hong Kong its first-ever e-sports medal at the 2018 Asian Games in Jakarta. Hong Kong’s Lo Tsz-kin won the gold medal in the event, helping burnish Hong Kong’s...
  • A woman tries to hail a cab in New York during a snowstorm. To facilitate transportation during crises, ride-hailing giant Uber is capping the trip pricing in times of major emergencies. Photo: Reuters

    Uber to cap trip pricing during major emergencies

    - Sep 27, 2018 10:56am
    Uber is making changes to its disaster response guidelines in a bid to ensure that its ride-hailing services respond in an appropriate manner in the event of a crisis like a hurricane or a terror attack....
  • Ambi Labs, led by CEO Julian Lee, has launched an advanced version of Ambi Climate, an AI-enabled  air conditioning control device. Photo: HKEJ

    Ambi Labs offers AI-enhanced air conditioning comfort

    - Sep 27, 2018 10:19am
    Ambi Climate, an air-conditioning control device developed by Hong Kong-based startup Ambi Labs, aims to deliver personalized indoor climate control through artificial intelligence (AI) technology. In an interview with the Hong Kong Economic Journal, the firm’s CEO,...
  • TravoAsia, led by its founder and CEO Stephen Leung, allows users to book home-dining experiences in different cities, offering a chance for locals and travelers to dine with other food lovers. Photo: HKEJ

    How a startup connects local home chefs with travelers

    - Sep 12, 2018 5:26pm
    TravoAsia, a Hong Kong-based startup that is less than a year old, aims to connect people who love cooking and hosting dinners with people who love eating authentic at-home dinners. Founded by an entrepreneur named Stephen...
  • OneDegree, a startup co-founded by a former JPMorgan banker, has raised funds for an online pet insurance operation. Photo: Reuters

    HK startup to offer pet insurance online

    - Sep 12, 2018 9:05am
    OneDegree, a Hong Kong-based online insurance startup, said it has closed a Series A funding round, led by major insurers and technology firms. Under the arrangement, OneDegree will initially get HK$100 million in funds, followed by...
  • Startups dream of billion-dollar valuations, but only a tiny fraction actually manage to reach the so-called unicorn goalpost, a study has shown. Photo: Reuters

    Unicorn probability of VC startups at about 1%: study

    - Sep 11, 2018 11:45am
    As startups proliferate in the tech world and shoot for the so-called unicorn status, the probability of such entities actually achieving the vaunted US$1 billion-plus valuations only stands at about 1 percent, according to CB Insights, a...
  • Stamplet founders Nav Singh (left) and Simran Kaur said shopping receipts offer a wealth of consumer information that can be of great value to companies and marketeers. Photo: HKEJ

    HK startup Stamplet turns receipts into customer rewards

    - Sep 10, 2018 2:52pm
    A Hong Kong startup aims to turn “worthless” shopping receipts into points for customer rewards. Stamplet, founded Indian couple Nav Singh and Simran Kaur, offers shopping coupons to users who send in pictures of their receipts. “We...
  • 9GAG's Co-founder and Chief Executive Ray Chan (L) and Manner's Founder and CEO Luk Chi-ho. The entrepreneurs have been looking to expand their business beyond social  content creation in a bid to diversify the revenue channels.  Photo: HKEJ

    How two social content startups are seeking to expand

    - Sep 7, 2018 3:16pm
    In recent years, many digital media startups found success by offering amusing and viral content via social media platforms. Keeping their finger on the pulse of the online world, some of them have been looking to...
  • Spread-it's founder duo Ng Si-wa (L) and Li Wing-yin. The startup runs a platform matching brands with micro-influencers for marketing campaigns. Photo: HKEJ

    How a HK startup matches brands with ‘micro-influencers’

    - Sep 6, 2018 12:21pm
    In the digital age, brands have begun devoting more time and resources to marketing pitches with help from “influencers”, people who can reach large audiences, in particular through social media platforms, to deliver subtle and not-so-subtle...
  • Caroline Ada (R), Country Manager of Visa Hong Kong and Macau, feels Hong Kong is ripe for a major overhaul in payments, particularly in transport. Photo: HKEJ

    Contactless payments can help optimize HK public transit system

    - Sep 6, 2018 8:33am
    Many people travel to explore new places, people and experiences – but likely not to navigate for ways to purchase transit tickets at foreign destinations, often in languages they vaguely understand. Getting around at a destination...
  • Sam Ngan, co-founder of MemePR. The startup offers marketing solutions to enterprises through its AI-powered chatbot MemeBot. Photo: HKEJ

    MemeBot offers AI-powered marketing solutions

    - Sep 5, 2018 5:00pm
    Companies in various sectors are now increasing their investment in new technologies and deploying them in their business to gain a competitive advantage. Founded by Sam Ngan and Echo Chang in 2016, MemePR employs artificial intelligence (AI)...

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