Date
15 October 2018

Startup

  • 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...
  • 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...
  • Tencent partnership is expected to help Nubank develop further in areas such as payments, consumer loans and machine learning. Photo: Nubank

    Tencent invests in Brazil fintech startup Nubank

    Oct 9, 2018 1:36pm
    Chinese internet giant Tencent (00700.HK) has acquired a minority stake in Nu Pagamentos SA, a Brazilian financial technology firm that offers virtual credit cards, in a deal worth US$180 million. The transaction marks Tencent’s debut in...
  • 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...
  • Faraday Future's Jia Yueting (R) is accused of trying to break an investment deal with an entity controlled by Chinese billionaire Xu Jiayin. Photos: HKEJ, Reuters

    Faraday Future seeks to scrap stake sale to Evergrande unit

    Oct 8, 2018 2:01pm
    Electric car startup Faraday Future, founded by tech entrepreneur Jia Yueting, is seeking arbitration to back out of a deal to sell a 45 percent stake to Hong Kong-listed Evergrande Health, according to an announcement from...
  • Deliveroo’s co-founder and CEO Will Shu said his company is not for sale. The food delivery platform has reportedly been approached by Uber and Amazon. Photo: HKEJ

    Deliveroo chief rules out sale amid Uber bid rumors

    Oct 5, 2018 2:56pm
    Rumors spread recently that Uber was in talks to buy Deliveroo, the British online food delivery service. But in an interview with Business Insider, Deliveroo’s co-founder and CEO Will Shu had firmly said that his company “is...
  • 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...
  • Blockchain company Ripple Labs has launched its cryptocurrency product called xRapid for international payments. Photo: Reuters

    Ripple’s cryptocurrency product goes into full commercial use

    Oct 4, 2018 2:51pm
    Ripple Labs, one of the most prominent startups developing the blockchain technology, said three financial institutions have signed up to use its cryptocurrency product for cross-border payments. Money transfer companies MercuryFX and Cualix, and financial firm Catalyst...
  • 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...
  • Jeff Yu is founder and managing director of online office rental platform Zoom Offices. Yu and his team participated in the TechCrunch Disrupt San Francisco 2018 earlier this month. Photo: Zoom Offices

    Zoom Offices brings full online experience to office leasing

    - Sep 28, 2018 4:13pm
    Most companies seeking to lease offices still rely on the services of real estate agencies.  Hong Kong startup Zoom Offices wants to digitize this traditional lease model by providing an online platform that connects office property owners, operators,...
  • 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,...
  • TravoAsia, led by its founder and CEO Stephen Leung, allows users to book home-dining experiences in different cities, offering a chance for locals and travelers to dine with other food lovers. Photo: HKEJ

    How a startup connects local home chefs with travelers

    - Sep 12, 2018 5:26pm
    TravoAsia, a Hong Kong-based startup that is less than a year old, aims to connect people who love cooking and hosting dinners with people who love eating authentic at-home dinners. Founded by an entrepreneur named Stephen...
  • Startups dream of billion-dollar valuations, but only a tiny fraction actually manage to reach the so-called unicorn goalpost, a study has shown. Photo: Reuters

    Unicorn probability of VC startups at about 1%: study

    - Sep 11, 2018 11:45am
    As startups proliferate in the tech world and shoot for the so-called unicorn status, the probability of such entities actually achieving the vaunted US$1 billion-plus valuations only stands at about 1 percent, according to CB Insights, a...
  • Stamplet founders Nav Singh (left) and Simran Kaur said shopping receipts offer a wealth of consumer information that can be of great value to companies and marketeers. Photo: HKEJ

    HK startup Stamplet turns receipts into customer rewards

    - Sep 10, 2018 2:52pm
    A Hong Kong startup aims to turn “worthless” shopping receipts into points for customer rewards. Stamplet, founded Indian couple Nav Singh and Simran Kaur, offers shopping coupons to users who send in pictures of their receipts. “We...
  • 9GAG's Co-founder and Chief Executive Ray Chan (L) and Manner's Founder and CEO Luk Chi-ho. The entrepreneurs have been looking to expand their business beyond social  content creation in a bid to diversify the revenue channels.  Photo: HKEJ

    How two social content startups are seeking to expand

    - Sep 7, 2018 3:16pm
    In recent years, many digital media startups found success by offering amusing and viral content via social media platforms. Keeping their finger on the pulse of the online world, some of them have been looking to...
  • Spread-it's founder duo Ng Si-wa (L) and Li Wing-yin. The startup runs a platform matching brands with micro-influencers for marketing campaigns. Photo: HKEJ

    How a HK startup matches brands with ‘micro-influencers’

    - Sep 6, 2018 12:21pm
    In the digital age, brands have begun devoting more time and resources to marketing pitches with help from “influencers”, people who can reach large audiences, in particular through social media platforms, to deliver subtle and not-so-subtle...
  • Sam Ngan, co-founder of MemePR. The startup offers marketing solutions to enterprises through its AI-powered chatbot MemeBot. Photo: HKEJ

    MemeBot offers AI-powered marketing solutions

    - Sep 5, 2018 5:00pm
    Companies in various sectors are now increasing their investment in new technologies and deploying them in their business to gain a competitive advantage. Founded by Sam Ngan and Echo Chang in 2016, MemePR employs artificial intelligence (AI)...
  • 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...
  • Partnering with global players PayPal and Apple, China's Lianlian Pay offers services including cross-border clearing and settlement, foreign currency exchange and renminbi disbursement. Photo: Lianlian Pay

    Payments services firm Lianlian raises US$146 mln in new funding

    Sep 4, 2018 12:31pm
    Lianlian Group, the parent company of Chinese payment solution provider Lianlian Pay, has closed a new financing round of 1 billion yuan (US$146 million), boosting the total received funding this year to almost 5 billion yuan,...

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