17 August 2018


Hong Kong Economic Journal
  • With the Hong Kong-Zhuhai-Macao Bridge opening soon, Phoenix Wan, founder chairman of an entrepreneurial organization for startups, believes the Greater Bay Area will add to its appeal. Photos: HKEJ, Reuters

    Bay Area opportunities, challenges: An entrepreneur group’s view

    - Aug 17, 2018 3:13pm
    To encourage offshore entrepreneurs to come and work in mainland China, the Chinese government recently announced that it is issuing new residence permits to residents from Hong Kong, Macau and Taiwan starting September 1. The permits...
  • Drivers of food delivery service Meituan Dianping are seen in Beijing, China, where smartphone users commonly order food delivery and other services via mobile apps. Photo: Reuters

    Meituan-Dianping sees HK listing approval next week: report

    - Aug 16, 2018 3:27pm
    Meituan-Dianping, an online food delivery-to-ticketing services platform, is seeking a listing hearing and approval next week for its planned Hong Kong initial public offering, IFR reports, citing sources familiar with the matter. The Chinese company, which...
  • Linfeng Yang, co-founder and CEO of Onion Math, is taking online lessons to remote schools across the country. Photo: HKEJ, Reuters

    Onion Math helps students learn via videos and games

    - Aug 16, 2018 12:12pm
    Chinese online education startup Onion Math, which operates under, offers interesting educational videos to explain complex textbook theories and equations, and interactive games to train students to solve problems. At the Forbes China Innovation Summit...
  • FunNow executives pose for a group picture. The Taipei-based instant booking app for entertainment and leisure activities currently has 500,000 registered members. Photo: FunNow

    Taiwan’s FunNow to expand in SE Asia, Japan after new funding

    - Aug 16, 2018 11:16am
    FunNow, a Taiwan-based startup that offers instant booking services for entertainment and leisure activities, has completed a US$5 million (around HK$39 million) series A funding round as it seeks to enter new markets in Asia. The latest funding...
  • FiveAI, a UK-based driverless vehicle startup, has been given permission to conduct a 10-month trial to gather data on London's road conditions. Photo: FiveAI

    UK startup FiveAI to send data-gathering cars onto London roads

    - Aug 15, 2018 12:50pm
    UK driverless car startup FiveAI is launching its first on-street trial, sending out vehicles to gather information about London’s roads in a months-long exercise ahead of the planned rollout of the autonomous vehicles. FiveAI plans to...
  • Lalamove sees good prospects in Malaysia, having tested out its services in the country and achieving good delivery speeds for business customers. Photo: Lalamove

    Logistics startup Lalamove seeks to expand in Malaysia

    - Aug 15, 2018 11:29am
    After raising US$100 million (around HK$780 million) in series C funding in October last year, Hong Kong logistics startup Lalamove has ventured into the Malaysia market, testing its services in Kuala Lumpur since June. The company...
  • Under new Facebook rules, administrators of Pages with large audiences in the US are required to complete an authorization process before they are allowed to post. Photo: Facebook

    Facebook enforces stricter security on Page administrators

    - Aug 14, 2018 2:29pm
    New security measures from Facebook will require administrators of Pages with large audiences in the US to complete an authorization process before posting. The move represents another step of the social network to prevent people from...
  • Yan Wei, deputy director of the National Supercomputing Center of Tianjin, said the center is making a new supercomputer using domestically developed chips. Photo: HKEJ

    We can’t rely on foreign chips, says China supercomputer builder

    - Aug 14, 2018 1:03pm
    China is currently the world’s largest chip market. However, homegrown chips account for less than 20 percent of total consumption, while the remaining demand is satisfied by imports from foreign countries like the United States. But...
  • Handy lah's co-founders Cheung Chung-yeung (left) and Tsang Hin-tat aim to make purchasing decisions easier for local homemakers. Photo: HKEJ

    Price watch app helps homemakers decide which to buy

    - Aug 13, 2018 12:33pm
    Hong Kong-based startup Handy lah has launched an app that provides up-to-date information on prices of various grocery items.  In an interview with the Hong Kong Economic Journal, the company’s co-founders, Cheung Chung-yeung and Tsang Hin-tat, said their...
  • Belun CEO Lydia Leung said the company has received practical support from the HKSTP in the development and marketing of Belun Ring. Photo: Belun, HKEJ

    Belun brings AI to wearable healthcare devices

    - Aug 10, 2018 4:35pm
    Wearable devices such as fitness trackers and smartwatches are gaining popularity in the global market. Hong Kong startup Belun Technology has developed the Belun Ring, a medical-grade wearable device that is certified by the US Food...
  • Lap Man, co-founder of Hong Kong-based fund Beyond Ventures, aims to help local startups grow and extend their business networks throughout China and around the world.  Photo: HKEJ

    Why Beyond Ventures’ Lap Man won’t invest in ICO projects

    - Aug 10, 2018 1:44pm
    Lap Man, the founder and chief executive of DYXnet Group, has been described as a telecommunications veteran, serial entrepreneur, and investor extraordinaire. But in recent years, he has become more widely known as a venture capitalist...
  • Klook will focus on global business development following its series D funding round, says co-founder and COO Eric Gnock Fah. Photo: HKEJ

    Klook raises US$200 mln in new funds for global business devt

    - Aug 10, 2018 10:32am
    Klook, a Hong Kong-based booking platform for in-destination services, has completed a US$200 million (around HK$1.57 billion) series D funding round as it prepares to expand its business. The latest funding was led by Sequoia Capital...
  • Hong Kong was the first choice for Surkus' Asia business expansion, CEO Stephen George says. Photo: HKEJ

    Event matching platform Surkus sees HK as 1st stop in Asia foray

    - Aug 9, 2018 11:56am
    Los Angeles-based event technology startup Surkus has targeted Hong Kong as its starting point for overseas business expansion. Founded in 2015, the US firm completed a US$10 million series B round of funding in May. The...
  • Venture capital investment in companies based in the Boston metro area has reached US$5.19 billion so far this year. Photo: Bloomberg

    July sees record 55 giant VC deals worth over US$15 billion

    - Aug 8, 2018 11:56am
    A total of 55 “supergiant” venture deals raised more than US$15 billion in July, setting what is likely an all-time record high or at least the highest number of big financing deals in a single month over the past...
  • Ayden Ye and two schoolmates established VeeR VR, a virtual reality content sharing platform, in 2016. It now has more than 20 million users worldwide. Photo: HKEJ

    Former Silicon Valley executives build VR version of YouTube

    - Aug 7, 2018 11:42am
    Seeing the great potentials of virtual reality (VR) in the digital era, a young man gave up his lucrative venture capital job in Silicon Valley and returned to China to establish a VR content sharing platform in...
  • Invented by Im's Laboratory, the submersible vehicle Dolphin features a front camera and wireless connection technology for underwater shooting and image transmission. Photo: Internet

    Im’s Lab to keep working on underwater robotics technology

    - Aug 3, 2018 12:52pm
    The difficult operation to save 12 boys and their football coach from a flooded Thailand cave last month had captivated people from around the world. As the effort was underway, US tech billionaire Elon Musk sent...
  • Chan Chi-ming, a former government engineer who served the city for more than three decades, will oversee the construction and operations of the HK-Shenzhen tech park. Photo: HK Govt

    Chan Chi-ming becomes CEO of HK-Shenzhen tech park

    - Aug 2, 2018 6:44pm
    Chan Chi-ming, a former deputy secretary of the Development Bureau, has become the chief executive of the Hong Kong-Shenzhen Innovation and Technology Park (HSITP). Chan’s appointment took effect on August 1, according to an announcement this week. During...
  • Dr. Vincent Chow, En-trak founder and CEO, said the funding was led by Alibaba Entrepreneurs Fund and CLP Innovation Ventures Limited. Photo: En-trak

    En-trak completes pre-series A funding to boost sales teams

    - Aug 2, 2018 4:53pm
    En-trak, a Hong Kong-based smart building solutions company, has completed a pre-series A round of financing led by Alibaba Entrepreneurs Fund and CLP Innovation Ventures Limited. The investment, the amount of which was not disclosed, will be used...
  • McDonald’s is distributing more than 6.2 million MacCoins in participating McDonald's restaurants worldwide starting Thursday. Photo: Internet

    McDonald’s issues MacCoins to mark Big Mac’s 50th anniversary

    - Aug 2, 2018 10:23am
    McDonald’s is distributing more than 6.2 million tokens called MacCoins in participating outlets of the fast-food chain around the world starting today. Customers who buy a Big Mac will receive a MacCoin, which is “a limited edition global currency backed...
  • The cryptocurrency world saw another hack, with fraudsters reportedly stealing millions in virtual assets through ‘SIM jacking’. Photo: Reuters

    Student arrested in US for US$5 mln crypto theft via SIM jacking

    - Aug 1, 2018 12:09pm
    California police have arrested a college student who is suspected to have stolen US$5 million in bitcoin and other cryptocurrencies through a hacking technique known as ‘SIM jacking’. Tech news website Motherboard reported, citing court documents...

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