Date
12 December 2018

HKEJ

Hong Kong Economic Journal
  • Parking real estate technology startup ParkJockey helps drivers find available parking spaces more efficiently via its mobile app. Photo: ParkJockey

    SoftBank invests in US parking management startup ParkJockey

    - Dec 12, 2018 12:06pm
    Japan’s SoftBank Group has invested in ParkJockey, a US startup that deploys smart software and hardware technologies to monetize parking lots. The Miami-based firm revealed the SoftBank investment in an announcement on Monday, without providing the...
  • WM Motor's first car, the electric SUV EX5. The new energy vehicle maker was founded by automobile veteran Freeman Shen in 2015. Photo: Reuters, Xinhua

    WM Motor, SenseTime to jointly develop AI applications for cars

    - Dec 6, 2018 3:25pm
    WM Motor, a Shanghai-based new energy vehicle maker, has partnered with Chinese artificial intelligence startup SenseTime to apply the latter’s facial recognition technology in automobiles. Freeman Shen, founder, chairman and chief executive of WM Motor, told the Hong...
  • Amazon's cashierless system in its Go stores allows shoppers to buy things via a mobile app, and leave without going through checkouts. Photo: Bloomberg, Reuters

    Amazon tests cashierless technology for bigger stores: report

    - Dec 4, 2018 1:25pm
    Amazon.com Inc is testing its cashierless checkout technology for use in larger stores, the Wall Street Journal reports. The cashierless system, which allows shoppers to buy things via a mobile app, tracks what shoppers pick up...
  • Helen Adeosun (middle), co-founder of CareAcademy, has won recognition for her startup that aims to provide opportunities for workers to prepare for future of healthcare. Photos: MIT, CareAcademy

    Senior care training startup CareAcademy wins MIT honor

    - Dec 3, 2018 12:24pm
    CareAcademy, a US startup that provides online classes for non-medical professional and family caregivers, has won the championship award in “skills development and opportunity matching” category in MIT’s Inclusive Innovation Competition this year. The company, headquartered in Cambridge,...
  • Hong Kong-based blockchain startup eMALI.IO, is currently working on blockchain solutions targeting medical insurance claims. Photo: eMALI.IO

    How blockchain could eliminate pain points in insurance business

    - Nov 30, 2018 12:47pm
    Blockchain, the distributed ledger technology, is increasingly seen as a viable solution to inefficiencies and loopholes in businesses. eMALI.IO, a Hong Kong-based blockchain startup, offers the technology to address various issues encountered by industries, particularly in the...
  • Japanese new media artist Masaki Fujihata (middle, in blue shirt) adopted AR technology to recreate the historical scenes of everyday life in Wan Chai. Photo: HKEJ

    Artist Masaki Fujihata uses AR to bring Wanchai’s past to life

    - Nov 29, 2018 12:59pm
    Masaki Fujihata, one of the visionary pioneers of Japanese new media and interactive art, has begun work on a project that involves use of augmented reality (AR) technology to bring Wanchai’s past to life. Invited to join...
  • Co-working space operators see enormous opportunities in the mainland market despite concerns over the Sino-US trade war. Photo: theDesk

    HK co-working space brand set to enter mainland market

    - Nov 23, 2018 3:31pm
    Riding the wave of the startup boom, operators of co-working spaces are aggressively expanding in mainland China and Hong Kong. Last week, Chinese unicorn UCommune announced it has raised US$200 million in its biggest capital-raising round as...
  • Ko Wen-je (L), mayor of Taipei, is seen in a video frame with VTuber Hoonie. As the virtual character gained popularity in Taiwan, it started appearing on TV programs and events in the real world. Photo: Oath

    ‘Virtual YouTuber’ Hoonie coming to Hong Kong

    - Nov 15, 2018 4:20pm
    Of late, we have seen a new wave of virtual talents making their presence felt in the online entertainment scene in the region. Called “virtual YouTubers,” or “VTubers”, the entertainers, represented by digital avatars that look...
  • Bank of East Asia chairman David Li said the family-run bank will put emphasis on financial technology investment and development. Photo: HKEJ

    Bank of East Asia sees fintech as way forward in next 100 years

    - Nov 14, 2018 3:04pm
    The Bank of East Asia (BEA), which is celebrating its 100th anniversary this year, has been a mainstay of the Hong Kong banking industry. Its development in the next 100 years will depend on financial technology...
  • Cathay Pacific needs to expand its IT team, among other measures, to address concerns related to data security in the wake of the recent incident where data on 9.4 million passengers was exposed, says IT expert Eric Fan. Photos: HKEJ, Reuters

    How Hong Kong can fix data security vulnerability

    - Nov 9, 2018 12:44pm
    Data security and privacy has become a major talking point in Hong Kong in the wake of a slew of disturbing news in the recent past in relation to the issue, including the latest incident pertaining...
  • Lavigne Fong, KKday Regional Manager, Hong Kong and Macau, said Hong Kong travelers love flash trips and this is the main feature for local travelers. Photo: HKEJ

    Hong Kong travelers: always mobile, always on

    - Nov 8, 2018 8:01am
    Hong Kongers love traveling, taking on average 2.7 trips a year, according to Visa’s research. The accessibility of information at the fingertip has changed Hong Kongers’ travel habit. The latest Visa Global Travel Intentions Study (GTI)...
  • Fung Zhen-hong, chairman and president of Motao Box, said his firm has invested over 20 million yuan (US$2.89 million) in research and development for the project. Photo: HKEJ

    Motao Box, the cashier-less wine shop, is coming to HK next year

    - Nov 6, 2018 6:24pm
    Cashier-less checkout systems are seen by many as the next big trend in the retail and grocery sector. In August, a Guangzhou-based technology firm launched Motao Box, a wine store without a cashier, in the mainland...
  • Anant Agarwal attributes the success of the edX online platform to open source structure and quality learning experience. Photo: HKEJ

    Online course provider edX to step up focus on SE Asia markets

    - Nov 5, 2018 1:11pm
    EdX, a nonprofit consortium founded by Harvard University and the Massachusetts Institute of Technology (MIT) in 2012, has been providing and hosting massive online open courses – known as MOOCs – from elite universities and institutions....
  • Labway’s co-founder Victor Sit (inset, left), and the company’s scientific director Dr Alice Chan (right).  The startup aims to develop the health nutrients from sea cucumber, and commercialize various research projects into products to the market. Photo:

    Meet Labway, a startup specializing in sea cucumber nutrients

    - Nov 2, 2018 5:18pm
    Hong Kong serves as an important gateway for distribution of seafood products into China and the surrounding region. In particular, the city is a major player in handling the distribution and other transactions related to sea...
  • Goxip's social shopping service enables users to purchase similar apparel worn by celebrities or influencers. Photo: Goxip

    Social e-commerce startup Goxip raises new funding led by Convoy

    - Oct 31, 2018 3:33pm
    Goxip, a Hong Kong-based social e-commerce startup, has raised US$1.4 million in a new funding round led by local financial advisory services firm Convoy, according to an announcement. Previous backers, including Chinese selfie and social sharing...
  • Richard Li has revealed that he is now focusing on growing his insurance unit FWD given the huge opportunities in the region. Photo: HKEJ

    Richard Li sees big potential in SE Asia insurance market

    - Oct 30, 2018 4:43pm
    PCCW Ltd. (0008) chairman Richard Li said he is now devoting most of his time and effort to growing his group’s insurance business. In an interview with RTHK program Hall of Wisdom, Li, whose business interests...
  • Chan Chi-keung (left), founder of a local tech firm focusing on POS technology solutions, believes the newly launched FPS can improve the operational efficiency of food and beverage operators. Photo: HKEJ

    How Faster Payment System can change the game for restaurants

    - Oct 26, 2018 2:14pm
    To address the growing need for more efficient retail payment services, the Hong Kong Monetary Authority (HKMA) launched in September the Faster Payment System (FPS), which enables users to make real-time transfers between banks and stored value...
  • Harry Chan, founder of construction tech startup BeeInventor, poses for picture. With its product Daloop, BeeInventor aims to turn the commonly used safety helmet from a purely protective tool into a smart device. Photo: HKEJ

    Construction vet offers smart tool for worker health & safety

    - Oct 24, 2018 2:24pm
    A construction veteran in Hong Kong is trying to bring a change in the old-fashioned industry with new technology solutions. BeeInventor, founded in 2016 by Harry Chan Kin-yung, has built a cloud-based platform for data exchange...
  • The MIT Stephen A. Schwarzman College of Computing will be an interdisciplinary hub for research and development in computer science, artificial intelligence, data science, and related fields.. Photo: MIT

    MIT unveils US$1 billion plan to create college for AI

    - Oct 18, 2018 3:47pm
    The Massachusetts Institute of Technology announced a plan, backed by US$1 billion in investment, to establish an interdisciplinary college focusing on artificial intelligence and machine learning. The plan is supported by a US$350 million donation from Stephen Schwarzman,...
  • 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...

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