18 April 2019


Hong Kong Economic Journal
  • The price of a measles shot has reportedly soared to between HK$1,800 and HK$2,500 in some private clinics. Photo: Wikimedia Commons

    More vaccines on the way as price soars amid measles scare

    - Mar 28, 2019 1:58pm
    Secretary for Food and Health Sophia Chan Siu-chee has sought to allay fears about a shortage of vaccines as measles cases in the city continue to climb. There have been 30 confirmed cases so far this year, a...
  • The Pearl River in Guangzhou. What should Hong Kong startups do to take advantage of the opportunities in the Greater Bay Area? Photo: Reuters

    Adventures in Greater Bay Area: Startup founders offer tips

    - Mar 8, 2019 1:40pm
    The Greater Bay Area is the Chinese government’s master plan for Hong Kong, Macau, and nine cities in Guangdong Province, with an aim to build a business and technology hub. The scheme brought excitement to many...
  • VoiceAI was named a champion and outstanding model at the CUHK Entrepreneurship Competition held during the university's Entrepreneur Day in May 2018. Kevin Li (3rd from left) is co-founder and chief executive of the startup. Photo: CUHK

    China voiceprint recognition startup wins backing from HK fund

    - Feb 20, 2019 5:07pm
    Shenzhen-based VoiceAI Technologies, a startup that provides voiceprint recognition technology and intelligent voice solutions, has completed a pre-A series funding round with the backing of a Hong Kong venture fund. The pre-A round, whose scale is...
  • Keith Rumjahn, co-founder of OliveX, launched the Lympo Squat, an app powered by artificial intelligence that allows users to perform squats and rewards those who completed the challenge with virtual tokens. Photo: OliveX

    OliveX launches fitness app that rewards users with crypto coins

    - Feb 15, 2019 3:33pm
    Earn money while you do workouts. Hong Kong-based fitness solutions startup OliveX has launched a “squat to earn cryptocurrency” challenge with Lympo Squat, an app powered by artificial intelligence that allows users to perform squats and...
  • Public and private sector leaders joined technology and research stalwarts at the ASTRI Technovation Summit

    ASTRI hosts Technovation Summit

    - Feb 14, 2019 6:37pm
    It is widely believed that the evolution of Artificial Intelligence (AI) will be one of the most exciting developments in the technology sector in 2019. AI will make humans inseparable from smart systems and machines, and...
  • People queue up outside a Hong Kong government office to get application form for a welfare handout program. Authorities have come in for criticism over the paper-based application procedure, which is seen as inefficient and time-consuming. Photo: CNSA

    Digitizing government services: An expert view

    - Feb 1, 2019 12:35pm
    Hong Kong’s finance minister Paul Chan announced in his budget last year HK$4,000 handouts to some of the city’s poorest people. As the government does not provide an online application system, citizens are required to apply for...
  • StockViva, a financial social platform that features instant trading ideas from fund managers, analysts and investors, claims to have amassed hundreds of thousands of users. Photo: StockViva

    Alibaba fund invests in financial social network StockViva

    - Jan 29, 2019 12:49pm
    Financial social platform StockViva has completed a Series A funding round that saw capital being raised from the Alibaba Entrepreneurs Fund.  The Alibaba fund invested in the Hong Kong-based startup, though the amount is not known, according...
  • from left to right –Dr MeiKei Ieong, Chief Technology Officer of ASTRI; Mr Yang Yongchao, Product Development Director of C-V2X solutions at Huawei; Mr Peter Lam, Managing Director of HKT; Dr Justin Chuang, ASTRI’s Vice President of Next Generation Networ

    ASTRI’s C-V2X Smart Mobility solution helps improve road safety

    - Jan 29, 2019 6:00am
    The 5G revolution is expected to redefine mobile telecommunication. Its ultra-fast speed and low-latency connectivity will unleash new avenues of communication-based applications and solutions, particularly for the Internet-of-Things (IoT). In the future, connected devices, appliances and...
  • Facebook, led by CEO Mark Zuckerberg, is giving US$300 million in grants to various organizations that are trying to help local journalism thrive in today’s difficult media market. Photo: Reuters

    Facebook pledges US$300 mln to support local newsrooms

    - Jan 17, 2019 4:51pm
    Facebook has announced that will spend US$300 million over the next three years to provide grants to various organizations across the world that are helping the cause of local journalism. The cash commitment will be used...
  • "Mo-jing", the app featured in mainland TV drama "Entrepreneurial Age", is based on the TalkBox app launched by Hong Kong mobile app developer Green Tomato. Photo: Zhejiang Huace Film & TV

    How a popular TV drama boosted HK startup MailTime

    - Jan 11, 2019 2:14pm
    After the excitement generated by its US$40 million initial coin offering (ICO), Hong Kong-based email messenger service MailTime finds itself contending with the cryptocurrency market crash and the venture capital winter. The startup, which created an...
  • Adam Neumann, co-founder and CEO of WeWork, a startup that offers flexible shared workspaces for entrepreneurs. The startup has received billions from SoftBank and its Vision Fund. Photo: Reuters

    SoftBank said to have scrapped plan to buy most of WeWork

    - Jan 9, 2019 2:10pm
    Japanese tech and telecom heavyweight SoftBank is pouring more capital into US-based co-working space giant WeWork to fuel its global expansion.  However, it has withdrawn a plan to invest US$16 billion to buy most of WeWork, and...
  • A worker rides a shared bicycle past a huge pile of unused bikes in a vacant lot in China. The market has seen several fast-growing Chinese bike-sharing startups going bust in 2018. Photo: Reuters

    China startup frenzy seen cooling further in 2019

    - Jan 2, 2019 1:57pm
    Chinese startups had been flooded with venture capital in the past few years, and the hype contributed to inflating the startup valuation, but it seems the trend has begun to reverse in recent months. In interviews...
  • An employee works inside a server room at a company. Businesses should guard against cyber-security threats from outside and should also watch out for potential risks from within the organization, an expert says. Photo: Reuters

    How AI helps businesses enhance information security

    - Dec 28, 2018 1:07pm
    Hong Kong has seen multiple data breaches and hacking incidents during the year, prompting worries that cybercrimes are posing a growing threat to businesses and organizations. The Hong Kong Economic Journal recently sat down with information...
  • A concept image of The Boz, Zoox's autonomous bi-directional electric vehicle. The startup recently landed California permit to test self-driving taxi service. Photo: Zoox

    Zoox receives first California permit to offer autonomous rides

    - Dec 27, 2018 1:41pm
    Autonomous vehicle technology startup Zoox has recently received a permit to transport public passengers, under a pilot program launched in April by the California Public Utilities Commission. It marked the first time the California authorities granted...
  • Carousell's Brian Sze explains how his firm teams up with second-hand designer bag retailer Milan Station to help users authenticate luxury handbags sold on the online marketplace. Photo: HKEJ

    Carousell eyes transactions boost with help of AI, partners

    - Dec 17, 2018 1:44pm
    Asia-focused online classified marketplace Carousell recently announced that its Hong Kong unit has partnered with Hong Kong-listed second-hand designer bag retailer Milan Station (01150.HK) to help users authenticate luxury handbags sold on the platform. In an...
  • Eric Ng, co-founder and CEO of Boutir, said his company takes care of the technical problems of building an online store so that the merchant can focus on brand concept and products. Photo: Boutir, HKEJ

    HK e-commerce enabler Boutir helps clients build online stores

    - Dec 14, 2018 3:42pm
    A growing number of people are starting their own business online. Hong Kong-based mobile commerce enabling app Boutir aims provides tools for these people to set up online stores and manage inventory easily and efficiently. Boutir’s co-founder and...
  • Alvin Graylin, China president of HTC VR leading the VIVE business in the region, explains the role virtual reality can play in education, at the Yidan Prize Summit in Hong Kong on Monday. Photo: HKEJ

    HTC seeks to build global VR ecosystem

    - Dec 13, 2018 1:01pm
    Last year, the global market saw many startups focused on virtual reality (VR) winding down their product offerings and services, particularly in the mainland. “VR projects have risen very quickly in the mainland in the past two...
  • 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 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...

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