Date
20 July 2019

Startup

  • Sean Moss-Pultz, Bitmark's co-founder and CEO, said the company's certificates of ownership of digital assets and data can be used as evidence in a court of law in case of a legal dispute. Photo: Bitmark

    Bitmark: Secure your property rights over digital data

    - Jul 18, 2019 11:41am
    The growing opposition from regulatory bodies to Facebook’s plans to launch its own cryptocurrency highlight widespread concerns over how technology companies make use of personal data for profit at the expense of the consumers’ privacy. People now...
  • Hong Kong food tech startup Right Treat, founded by David Yeung, has launched plant-based meat substitute Omnipork to address rising meat consumption, particularly in Asia. Photo: Omnipork

    HK vegan meat substitute Omnipork plans mainland push

    Jul 16, 2019 2:54pm
    Vegan startup Right Treat plans to launch its plant-based pork substitute Omnipork in mainland China as early as the third quarter of this year, founder David Yeung told mainland media outlet 36Kr. The company is encouraged...
  • Global payment giant Visa has invested in Anchorage, a startup securing crypto holdings for institutional investors. Both are founding members of Facebook's crypto project Libra. Photo: Anchorage/Visa

    Visa joins funding for no-password crypto startup Anchorage

    Jul 12, 2019 2:52pm
    Global payment giant Visa has invested millions of dollars in Anchorage, a startup that provides cryptocurrency custody services for institutional investors. The two companies are founding members of Facebook’s high-profile cryptocurrency project Libra, which was officially...
  • LocoBike, led co-founder and CEO Ken Ching, currently has a fleet of about 5,000 bikes in operation in Hong Kong. Photo: HKEJ

    LocoBike remains hopeful about HK bike-sharing amid shakeout

    - Jul 10, 2019 10:55am
    Hong Kong’s bike-sharing market has seen the entry of several players such as Ofo, oBike and Ketch’Up Bike, but the story overall has been of a quick boom and bust phenomenon. In July last year, Gobee.bike,...
  • Joao Reginatto believes Circle’s stablecoin will benefit from the increased awareness that Facebook will bring to the cryptocurrency field. Photos: Circle

    Cryptocurrency sector will benefit from Facebook’s Libra: Circle

    - Jul 2, 2019 4:49pm
    Social media giant Facebook unveiled plans last month to launch a cryptocurrency called Libra, allowing money transfers over its messaging infrastructure – WhatsApp, Instagram, and Facebook Messenger. Backed by a reserve of fiat currencies and low-risk...
  • Hong Kong-based co-working space operator Zerozone opened a branch in New Taipei City, Taiwan, last month. Photo: Zerozone

    Opportunities and challenges facing HK startups in Taiwan

    - Jun 28, 2019 4:25pm
    Expanding to Taiwan has become a noticeable trend in the Hong Kong startup community. Among the entities that have made the move is co-working space operator Zerozone, which was founded in 2016. The Hong Kong Economic...
  • Max Kantelia, co-founder of Singapore-based blockchain startup Zilliqa, said the scalability issue remains a bottleneck in the application of blockchain technology. Photo: Zilliqa

    Let’s not get too excited about blockchain

    - Jun 18, 2019 2:57pm
    Blockchain, which underpins cryptocurrencies such as Bitcoin, has drawn massive interest around the world, with a growing number of enterprises investing heavily in the technology for deployment in their businesses. But amid the excitement, some blockchain...
  • South Korean hotel booking platform Yanolja completed a funding round led by GIC and Booking Holdings. Photo: Yanolja

    Singapore’s GIC invests in Korean love hotels platform Yanolja

    - Jun 12, 2019 4:33pm
    South Korean hotel booking platform Yanolja said it has closed a US$180 million Series D funding round, taking its valuation to more than US$1 billion and making it a member of the “unicorn” club. Singapore sovereign...
  • Retykle, founded by Sarah Garner (pictured), aims to eliminate the hassles in peer-to-peer children’s wear trade. Photo: HKEJ,

    Meet the mom who started an e-commerce platform for kids clothes

    - Jun 11, 2019 3:03pm
    Having worked in luxury fashion for over ten years, Sarah Garner knows first-hand how many high-quality items often sit in closets with their tags still on or barely worn. As a mom of two, she started...
  • WorldRemit has focused on enabling competitively-priced, quick money transfers from migrant workers and immigrants back home to their families, typically in developing countries. Photo: WorldRemit

    WorldRemit raises new funds to grow its money transfer business

    Jun 5, 2019 2:51pm
    WorldRemit, a London-based payment technology company that enables expatriates and migrant workers to send money back to their home countries, has raised US$175 million in new funding. The Series D financing was supported by returning investors...
  • Yat Siu and his gaming firm Animoca Brands partnered with Formula 1 to launch the blockchain-based racing game, in which players collect virtual cars, existing as non-fungible tokens in Ethereum blockchain, and race against each other. Pic: Animoca Brands

    Animoca Brands offers crypto collectibles for F1 racing game

    - Jun 4, 2019 5:06pm
    As players turn more serious about their gaming life than ever, virtual gaming assets are becoming as important and valuable as tangible assets. Recognizing this phenomenon, a Hong Kong gaming company has introduced a blockchain solution...
  • "Heroes of Robloxia," a popular game on Roblox. The multiplayer online gaming platform everybody to create games, and pays out part of the income to them. Photo: Roblox

    Tencent and Roblox announce game partnership amid tech cold war

    May 31, 2019 12:28pm
    US-based gaming company Roblox, which encourages everybody to create their own games on its platform, announced a partnership with Chinese internet giant Tencent Holdings (00700.HK) amid rising worries of a tech “cold war” between the United...
  • Beijing ByteDance Technology is the developer of popular Chinese video app TikTok and news aggregator Toutiao. The startup is reportedly stepping into the hardware business. Photo: Bloomberg

    China’s ByteDance to develop its own smartphone: report

    May 27, 2019 3:13pm
    Fast-growing Chinese media startup ByteDance, the company behind news aggregator Toutiao and video streaming platform TikTok, plans to develop its own smartphone, the Financial Times reported “No comment,” ByteDance said when asked about the report. ByteDance,...
  • DoorDash has completed a US$600 million funding round, giving the company a boost in the highly competitive food-delivery business. Photo: DoorDash

    Delivery startup DoorDash valuation surges amid post-IPO falls

    May 24, 2019 4:00pm
    US-based food delivery startup DoorDash announced it has completed a US$600 million funding round, taking its post-money valuation to US$12.6 billion from US$7 billion in February. Competing against the likes of UberEats, Grubhub and Postmates, the...
  • Entrepreneurs who try to build startups without meeting their potential customers and understanding the market needs usually end up paying a price. Photo: Reuters

    Top reasons why startups fail

    - May 24, 2019 11:06am
    A CB Insights research report recently discussed a number of startup failures, and compiled a list of top reasons why such ventures fail. The No.1 reason for failure is misreading the market demand, as noted in...
  • An illustration photo of InnoCell. HKSTP is adopting the modular integrated construction model for the building, which is expected to be completed by the end of 2020. Photo: HKSTP

    HKSTP launches smart living initiative ‘InnoCell’ for IT talent

    - May 21, 2019 11:49am
    The Hong Kong Science and Technology Parks Corporation (HKSTP) on Monday began construction on InnoCell, a smart living facility aimed at nurturing a co-creation community of internet and technology talent. Slated to open by the end...
  • Financial product comparison website GoBear, led by CEO Adrian Chng (inset), is stepping up business expansion plans after raising new funds. Photo: GoBear

    GoBear to launch online insurance broking and lending business

    - May 20, 2019 3:10pm
    Online platform GoBear, which allows users to search and compare various financial products in the marketplace, recently received US$80 million in fresh funding. Following the capital infusion, the company is stepping up business expansion initiatives.  Chief...
  • Chinese electric carmaker Xpeng is making a foray into the country’s ride-hailing market. Photo: Xpeng.

    Chinese EV startup Xpeng jumps into ride-hailing fray

    May 17, 2019 2:30pm
    Alibaba-backed electric car maker Xpeng Motors, last valued at US$4 billion, launched a ride-hailing service in Guangzhou, even as Didi Chuxing, the ride-hailing industry leader in China, is still finding ways to make a profit. The...
  • Mellow, led by co-founders Teresa Chan (inset, left) and Chester Szeen (right), aims to promote good personal finance habits among young people. Photo: Mellow

    HK startup seeks to help kids on personal finance habits

    - May 16, 2019 12:50pm
    With an aim to promote personal finance knowledge and saving habits in children, Hong Kong startup Mellow has launched a personal finance app, offering a solution for parents to teach their kids on ways manage their...
  • Kelvin Teo and Reynold Wijaya are the co-founders of Funding Societies, a Singapore-based peer-to-peer lending platform that aims to support SMEs by providing them access to funding. Photo: Funding Societies

    How Funding Societies is able to grow in P2P lending market

    - May 14, 2019 3:37pm
    Pioneered by US-based firms like LendingClub, the peer-to-peer (P2P) lending market has witnessed an explosive boom in China and Southeast Asia. Funding Societies, founded in 2015, targets small and medium-sized enterprises, seeking to fuel their growth through...

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