Date
20 January 2019

HKEJ

Hong Kong Economic Journal
  • 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...
  • 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,...

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