Date
20 July 2018

HKEJ

Hong Kong Economic Journal
  • Remittance startup Bitspark co-founder George Harrap said his firm abandoned bitcoin because of its transaction limitations. Photo: HKEJ, Bloomberg

    Why remittance startup Bitspark abandoned bitcoin

    - May 2, 2018 4:37pm
    Established in 2014 in Hong Kong, Bitspark is known as a bitcoin remittance firm that uses the blockchain technology for end-to-end, cross-border payment services in the Asia-Pacific region, including Hong Kong, the Philippines, Indonesia and Australia....
  • Eric Yeung, president of the Smart City Consortium, says progress has been made in recent years on Hong Kong's smart city development. Photo: HKEJ

    Digital payments: The key to realizing HK’s smart city goals

    - May 2, 2018 1:38pm
    “Smart City” has become a buzzword in Hong Kong since it was mentioned in a policy address in 2015 by the city’s then chief executive Leung Chun-ying. While progress has been made in recent years, there...
  • The Hong Kong Science Park is one of the parties benefiting from the government's HK$50 billion spending on the tech sector. Photo: HKEJ

    How govt can boost startup ecosystem (other than by splurging)

    - Apr 27, 2018 5:32pm
    Amid the startup boom, governments around the world are thinking of ways to boost innovation and technology in their respective territories. In Hong Kong, the government has allocated HK$50 billion for the purpose. The Hong Kong Economic...
  • When it comes to listening to music, more than five in 10 consumers choose playlists over albums, signifying their preference for a more personalized style of music experience. Photo: Internet

    Streaming fuels strong growth in global music revenue

    - Apr 26, 2018 6:16pm
    The global music industry demonstrated resilience last year, with streaming as the main growth driver. Worldwide revenue reached US$17.4 billion, up 8.5 percent from US$16 billion in 2016, the Hong Kong Economic Journal reports, citing data from...
  • About 215 ethereums worth roughly US$152,000 were stolen in the MyEtherWallet hack. Photo: MyEtherWallet, Reuters

    Hackers steal ethereums from cryptocurrency wallet service

    - Apr 26, 2018 12:49pm
    Cryptocurrency wallet service provider MyEtherWallet (MEW) issued a warning on Twitter that a couple of its DNS (Domain Name System) servers have been hacked and users risk being redirected to a phishing site. Data from Chainalysis...
  • Twelve partner companies and "incubatees" of Hong Kong Science and Technology Parks Corporation won 15 awards at the 46th International Exhibition of Inventions of Geneva. Photo: Internet

    HKSTP delegation bags 15 awards at top invention show

    - Apr 24, 2018 5:55pm
    A dozen partner companies and “incubatees” of Hong Kong Science and Technology Parks Corporation (HKSTP) brought home 15 awards from this year’s International Exhibition of Inventions of Geneva, the world’s most prestigious innovation show. The awards include...
  • With a total reach of 30 million to 50 million websites, Google tracks its users whether or not they are logged in. Photo: Bloomberg

    Google collects more data on users than Facebook does: report

    - Apr 24, 2018 3:30pm
    After Facebook’s Cambridge Analytica scandal, Alphabet-owned Google’s data practices may be under fire next. Writing in the Wall Street Journal, Christopher Mims explains how the search engine giant hoovers up user data through apps, web browsing,...
  • Fashion and lifestyle incubation platform Azalvo plans to collaborate with designers and startups to foster innovation and co-creation, says co-founder Joanne Chow. Photo: HKEJ

    Azalvo aims to help fashion startups, designers find their feet

    - Apr 23, 2018 12:34pm
    Azalvo, a fashion and lifestyle incubation platform and co-creation community, plans to step up initiatives to promote collaboration and facilitate the transformation of Hong Kong’s fashion and textile industry. Launched late last month, Azalvo aims to...
  • Ride-hailing platform Uber said it is willing to join hands with the local taxi trade, despite the opposition of traditional taxi operators and drivers to the service. Photo: Bloomberg, HKEJ

    Uber HK: We are willing to cooperate with local taxi trade

    - Apr 19, 2018 2:08pm
    Despite the Hong Kong government’s lukewarm attitude toward car-hailing services, competition in the market is getting more intense. Didi Chuxing has just added in-app payment optionsthat can be used by local taxi drivers.  In the face...
  • Kdan Mobile will deploy new capital on initiatives that will help the firm expand its reach in the US and China markets, says CEO Kenny Su. Photo: Kdan

    Kdan to boost cloud-based content creation tools with new funds

    - Apr 18, 2018 12:08pm
    Kdan Mobile, a Taiwanese firm involved in cloud-based software for content creators, has secured US$5 million in Series A funding from a group of investors. According to TechCrunch, W.I. Harper Group, Darwin Venture Management and Accord Ventures...
  • Garage Society founder and chief executive Elaine Tsung (inset) believes "co-work" means a mode of work, besides a space for work. Photo: Garage Society

    Garage Society opens campus to train innovation & tech leaders

    - Apr 17, 2018 6:03pm
    Garage Society, a Hong Kong-based co-working space operator, announced on Monday it has opened a new facility that will help nourish entrepreneurial talent in new industries. Located at Lockhart Road in Wan Chai, Garage Academy will...
  • Gathering a community that embraces technology and innovation is significant for development of blockchain-related ventures, says I-house.com founder Ricky Ng. Photos: i-house, Bloomberg

    HK tech veteran to launch real-estate tokenization platform

    - Apr 17, 2018 11:10am
    Cryptocurrency and blockchain technology conquered the financial world in 2017. As we see more capital gravitate towards promising virtual currencies and initial coin offering (ICO) projects, technologists are advancing tokens as a new way of exchanging...
  • Da Hong-fei, founder of NEO blockchain, delivers a speech during the TOKEN2049 conference in Hong Kong in March. Photo: Handout

    China’s crypto crackdown will help clean up market: NEO chief

    - Apr 16, 2018 3:14pm
    Originally known as Antshares, NEO is China’s first open-source blockchain, and has been dubbed as “China’s Ethereum.” Despite China banning crypto trading and initial coin offering (ICO) projects since last September, NEO’s crypto token has enjoyed...
  • Edmund Wong, one of the founders of girl's fashion e-retailer MyDress, gains valuable insights into clients' needs through customer data analytics. Photo: HKEJ/ MyDress

    Meet the two men behind girls’ fashion e-retailer MyDress

    - Apr 13, 2018 12:35pm
    Hong Kong-based MyDress is an e-commerce platform selling trendy items such as clothing, accessories and skincare, but there are two men behind this girls’ fashion startup, Edmund Wong and Leon Lai, who founded the company five...
  • Scalpers are reportedly marking up tickets by as much as 1700 percent for the stand-up show by local comedian Dayo Wong Tze-wah, sparking a heated debate on how to address the issue of ticket touting. Photo: Dayo Wong/Facebook

    Can technology help stamp out ticket touting?

    - Apr 6, 2018 6:13pm
    The latest stand-up show by local comedian Dayo Wong Tze-wah has raised the issue of ticket touting in the city, with scalpers marking up tickets by as much as 1,700 percent. While many are urging concert...
  • Grindr, an app for “healthy hookups and gay cultural content”, has more than 3.6 million daily active users across the globe. Photo: Internet

    Gay dating app Grindr ends sharing of users’ HIV data

    - Apr 6, 2018 1:21pm
    Gay dating app Grindr had been sharing its users’ private data to two software companies, but later decided to stop sharing information on users’ HIV status, BuzzFeed reports. Established in 2009, Grindr brands itself as a...
  • Hong Kong-based 8 Limited offers robo-advisory, online brokerage and wealth management app services. Photo: HKEJ

    Nomura to invest US$25 billion in HK-based fintech startup

    - Apr 4, 2018 1:34pm
    Japan’s investment banking giant Nomura said it will invest about US$25 million in Tokyo-based 8 Securities and its Hong Kong parent company 8 Limited, which offers a financial advisor and wealth management app powered by artificial...
  • Alex Kong Hing-yan, founder of e-wallet provider TNG, expects business in the UK can be over ten times larger than that in Hong Kong. Photo: HKEJ

    TNG Wallet targets expansion to UK

    - Apr 4, 2018 1:21pm
    Held in Hong Kong in late March, the GREAT Festival of Innovation offered a series of keynotes and masterclasses involving industry leaders, entrepreneurs, and futurologists from the United Kingdom, Hong Kong, mainland China and elsewhere in...
  • After reaching a valuation of US$275 million in 2015, Shyp committed major errors and later decided to close shop. Photo: Internet

    Shyp, ‘the Uber for shipping’, is packing up

    - Apr 3, 2018 1:24pm
    On-demand shipping startup Shyp is closing all of its operations. In a blog post, Kevin Gibbon, the company’s chief executive and co-founder, admitted that he had devised a “wrong strategy” and had been guilty of not...
  • French President Emmanuel Macron is determined to fulfill his promise to turn France into a “start-up nation”. Photo: Reuters

    Banking on maths advantage, France plays catch-up in AI race

    - Mar 28, 2018 6:30pm
    Shortly after he took office in 2017, French President Emmanuel Macron vowed to turn France into a “start-up nation”, saying he does not wish to see his country and the rest of Europe lagging behind Chinese and...

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