Date
16 September 2019

HKEJ

Hong Kong Economic Journal
  • 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  However, it has withdrawn a plan to invest US$16 billion to buy most of WeWork, and...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
    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....