Date
16 October 2018

HKEJ

Hong Kong Economic Journal
  • Panda Visa, through its app-based platform, aims to help users submit travel visa applications without them having to go to embassies or consulates in person. Photo: Panda Visa

    Panda Visa raises US$8.7 mln in series B funding

    - Sep 4, 2018 3:35pm
    Panda Visa, a Chinese firm that helps users complete travel visa application procedures through a mobile application, is said to have raised 60 million yuan (US$8.7 million) in a Series B funding round. According to Chinese...
  • Hong Kong IT sector lawmaker Charles Mok (R), along with Civic Party leader Alvin Yeung (center), traveled to Silicon Valley recently to meet up with tech firms, startups and city officials there. Photo: Charles Mok

    HK lawmaker urges Silicon Valley linkages to boost startups

    - Aug 31, 2018 2:04pm
    Hong Kong authorities hope the city could be turned into an Asian Silicon Valley, as they step up spending on tech-related facilities and launch various programs to boost innovation and support a startup culture. But how...
  • With AI technology, automated transcription services will be available for video and audio files in Microsoft's OneDrive and SharePoint. Photo: Microsoft

    Microsoft 365 OneDrive to add video transcription

    - Aug 30, 2018 2:06pm
    Microsoft is introducing media searching in OneDrive and SharePoint that uses artificial intelligence (AI) technology to transcribe audio and video. Microsoft 365 customers will soon have access to a number of AI-enabled features, making it easier...
  • HyperAir, founded by Lee Ka-to (left) and Leung Jock-hei, aims to save users lots of time from checking rates and queuing at the shop for foreign exchange transactions. Photo: HKEJ

    HK startup offers best rates, least hassle for travel money

    - Aug 29, 2018 3:20pm
    For Hongkongers who are traveling abroad or foreigners visiting Hong Kong, the best foreign exchange rates could be found by using a mobile app. Local technology startup HyperAir provides a “travel money search engine” that enables...
  • Through the automatic warehouse solution, the storage racks with lockers will be picked up by the Autonomous Mobile Robot to and from the front station when users need to pick up or place their goods in the lockers. Photo: HKSTP

    RobEx Centre: Hong Kong’s first fully automated smart warehouse

    - Aug 28, 2018 11:56am
    One emerging trend in the market is the deployment of new technologies such as robots and the Internet of Things in supply chain management. Hong Kong Science and Technology Parks Corporation (HKSTP) and RV Automation, a partner...
  • Lucas Kwan, founder of smart electric vehicle charging platform OneCHARGE, plans to install more chargers in shopping malls and other buildings in Hong Kong. Photo: HKEJ

    OneCHARGE aims to help boost HK’s EV-related infrastructure

    - Aug 27, 2018 1:43pm
    OneCHARGE Solutions, a Hong Kong-based startup founded in 2017, is gaining traction as it offers electric vehicle (EV) chargers along with a mobile application (app), allowing its customers to access the real-time charger status. Established by Lucas...
  • Ho Hoi-ming said his Scholars Health app connects users with Chinese medicine practitioners for healthcare and medical services. Photo: HKEJ

    Scholars Health app offers Chinese medicine services

    - Aug 24, 2018 4:05pm
    Mobile internet technology has given rise to online matching platforms such as Uber and Airbnb. Riding on the trend, a local startup has launched a mobile application that allows users to connect with Chinese medicine practitioners...
  • There are currently about 100,000 toys available for rent on the ToySuperman platform, with their models updated monthly. Photo: ToySuperman

    Toy rental site ToySuperman raises 30 mln yuan in funding round

    - Aug 24, 2018 9:23am
    Beijing-based toy rental platform ToySuperman has raised 30 million yuan (US$4.36 million) in a series A funding round, led by Engage Capital. Roots Capital is another investor. Founded in 2016, ToySuperman is a website where parents...
  • Leroy Yau, co-founder of Taiwan Startup Stadium, said the startup cluster acts as a hub for early-stage tech companies, offering programs such as bootcamps, workshops and pre-conference training. Photo: TSS

    TSS is taking Taiwanese startups to global stage

    - Aug 23, 2018 1:34pm
    Taiwan’s startup ecosystem has entered a boom cycle, with a growing number of companies getting funded and joining incubators. Known for its advanced manufacturing sector, Taiwan is looking to become a major player in the startup game....
  • Swedish startup Karma allows restaurants, cafés, and grocery stores to sell their surplus food to consumers at reduced prices. Photo: Karma

    Waste not: Swedish app allows retailers to sell surplus food

    - Aug 22, 2018 6:27pm
    Around 1.3 billion tons of food produced around the world for human consumption is lost or wasted every year, according to the United Nations’ Food and Agriculture Organization. Such losses amount to approximately US$680 billion for industrialized...
  • UISEE's chief eco-innovation chief Wei Qiu expects self-driving technology will be deployed in large-scale commercial services first before it is used for public transportation. Photo: HKEJ, UISEE

    China’s UISEE takes different tack to speed up autonomous cars

    - Aug 22, 2018 2:29pm
    Amid the race to bring driverless cars to the public, Beijing-based “unicorn” UISEE has suggested a faster approach to commercialize autonomous vehicles. At the recent 2018 Forbes China Innovation Summit in Chengdu, UISEE’s chief eco-innovation chief...
  • In terms of unicorn exits by geography, the United States has seen the most such initiatives this year, as of mid-August, followed by China. Photo: Bloomberg

    Global unicorn IPOs hit new high: report

    - Aug 21, 2018 7:02pm
    Initial public offerings (IPOs) by unicorns, or venture-backed startups whose valuations had topped US$1 billion in the private market, are on track to hit a new high this year.  According to Crunchbase data, there had been...
  • 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 Yangcong345.com, 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...

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