15 November 2019


  • Tandem co-founder Ricky Knox said his challenger bank aims to make a big difference in the Hong Kong market, which has long been dominated by old, established names like HSBC. Photo: Tandem/Reuters

    UK challenger bank Tandem plans to launch in Hong Kong this year

    - Nov 12, 2019 7:16pm
    Tandem, the UK challenger bank co-founded by fintech veteran Ricky Knox, is gearing up to expand into Hong Kong before the end of the year, as part of its international growth plans. In an exclusive interview...
  • SFC chief executive Ashley Alder said virtual assets have been moving further into conventional financial markets. Photo: Reuters

    SFC sets guidelines for granting licenses to crypto exchanges

    Nov 7, 2019 1:16pm
    The Securities and Futures Commission (SFC) has released a set of guidelines to pave the way for the issuance of operating licenses to cryptocurrency exchanges based in the city. The financial regulator released the position paper a...
  • Kelly Chan, co-CEO of Appysport, said the company is less focused on meeting profitability targets than on enlarging its user base, enhancing user loyalty, and understanding user hobbies and habits. Photo: Appysport

    HK startup Appysport aims to make sports more accessible

    - Nov 4, 2019 2:58pm
    The worldwide fitness trend has spurred a boom in booking platforms for sports activities and facilities. These all-in-one sports services offer a wide variety of locations and schedule choices, giving flexibility and convenience to its users while...
  • New technologies allow us to raise funds more efficiently and more effectively, says Henri Arslanian, Chairman, FinTech Association of Hong Kong. Photo:  HKEJ

    Innovative funding platforms reshape startup financing landscape

    - Nov 1, 2019 10:45am
    Investing in early-stage startups requires significant amount of capital and due diligence. For this reason, it was not quite for the average investor in the past. But the continued innovation of funding platforms now offers more...
  • Token offering platform CoinList has raised US$10 million with backing from Twitter and Square CEO Jack Dorsey. Photos: Bloomberg, CoinList

    Twitter CEO Jack Dorsey backs crypto startup CoinList

    Oct 31, 2019 2:35pm
    Twitter CEO Jack Dorsey, a longtime Bitcoin advocate, is one of several investors who have backed San Francisco-based cryptocurrency startup CoinList in a new funding round. The US$10 million funding round was led by venture firm...
  • Hong Kong-based startup MediConCen, co-founded by CEO William Yeung, aims to provide a one-stop solution for all stakeholders in the health insurance business. Photo: MediConCen/HKEJ

    HK startup MediConCen to build blockchain medical ecosystem

    - Oct 30, 2019 1:17pm
    Blockchain technology has entered the pharmaceutical and healthcare sectors, with patient data management one of its most popular uses in view of its ability to ensure transparency and traceability. Hong Kong-based startup MediConCen, founded in 2018, says...
  • Gojek's new co-CEOs (from left) Kevin Aluwi and Andre Soelistyo took over the helm of the company from Nadiem Makarim, who was appointed Indonesia's new education and culture minister. Photo: Gojek/Reuters

    Gojek plans dual listing after CEO named to Jokowi cabinet

    Oct 25, 2019 12:16pm
    Indonesian ride-hailing and payments giant Gojek is preparing for a dual listing after its co-founder and chief executive Nadiem Makarim stepped down to join the second-term cabinet of Indonesian President Joko Widodo. Andre Soelistyo, the company’s new CEO,...
  • David Yeung, co-founder of social venture Green Monday, is behind the plant-based meat substitute Omnipork launched last year in Hong Kong. Photo: Green Monday

    HK’s Omnipork takes aim at Asia plant-based meat market

    - Oct 21, 2019 4:58pm
    “A few years ago, we launched Green Common (the plant-based grocery shop and cafe), and introduced Beyond Meat products into Hong Kong. Everybody was thinking like, ‘What are you doing?’, ‘Where do we have a market...
  • David Yeung, CEO and co-founder of Green Monday, plans to build the business into a platform with the mission to take on the crises of climate change, food insecurity and public health. Photo: Green Monday

    Green Monday more than just a restaurant, says co-founder

    - Oct 21, 2019 4:12pm
    Hong Kong-based Green Monday has positioned itself as a social startup that tackles climate change and global food insecurity. “We are more than just a restaurant, or a food product company,” co-founder and chief executive David...
  • Booqed's David Wong (L) is seen with Charles Ng, a co-founder of the firm in this file picture. The Hong Kong startup, which aims to link workers with temporary office spaces and event venues, has completed a seed funding round. Photo: Booqed

    HK startup Booqed raises US$1.68 mln in seed funding

    Oct 17, 2019 12:44pm
    Hong Kong-based startup Booqed, which operates an online platform for booking short-term rentals of business workspaces, has raised US$1.68 million in seed funding despite the ongoing political and social unrest in the city. The seed funding round...
  • US authorities have halted a much-hyped digital token offering by the messaging service Telegram Group and its TON Issuer subsidiary, deeming the issuance ‘unlawful’. Photo: Reuters

    US regulator blocks Telegram’s US$1.7 bln crypto token sale

    Oct 14, 2019 11:53am
    The US Securities and Exchange Commission (SEC) has blocked a US$1.7 billion crypto token sale plan of messaging service Telegram’s blockchain initiative, putting the project in jeopardy. Telegram Open Network (TON), the blockchain initiative of the...
  • Cross-platform grammar and spell-checking platform Grammarly has raised new funding to provide more services for business writing. Photo: Grammarly

    Grammarly reaches ‘unicorn’ status after US$90 million financing

    Oct 11, 2019 5:11pm
    Grammarly, an online grammar-checking service, has raised US$90 million in its latest funding round, valuing the company at more than US$1 billion, TechCrunch reports, as the “unicorn” attracts more users by expanding its tools and bringing them...
  • SoftBank's robotics arm has introduced an autonomous cleaning robot in Hong Kong targeting businesses. Photo: SoftBank Robotics

    SoftBank’s robot Whiz now in Hong Kong to clean office floors

    - Oct 10, 2019 12:15pm
    SoftBank Robotics, owned by Japanese tech and telecoms giant SoftBank, has launched its AI-powered vacuum-cleaning robot in the Hong Kong and Macau region, targeting corporates, malls, and hotels. Designed to optimize workflows in the cleaning industry...
  • Spatial Technology's general manager Andy Cheung (right) and Ronald Wong, Lenovo Hong Kong and Macau general manager. The two companies have partnered to promote digital construction for the local industry. Photo: HKEJ

    HK startup wants construction industry to go digital

    - Oct 8, 2019 2:23pm
    Internet-powered technology is shaking things up in traditional industries. Hong Kong startups GoGoVan and Lalamove, for example, have brought digital solutions to the logistics business. In the construction and engineering sector, Hong Kong-based entrepreneur Andy Cheung, general...
  • Kwok Chi-kit (second from right) and his friends, through their Freekick venture, aim to help users to team up for football games. Photo: HKEJ

    How a Hong Kong startup is serving football enthusiasts

    - Oct 3, 2019 4:26pm
    Have you ever been in a situation where you wanted to play football but found all your grown-up friends busy working overtime, leaving you no one to play with? Well, do not despair. Freekick, a Hong...
  • UK-based startup Everledger, founded by Leanne Kemp (right), has received financial backing from Pony Ma's (left) Tencent, with an aim to expand its blockchain-powered supply chain solution to China. Photo: Bloomberg/Everledger

    Tencent leads US$20 mln funding for blockchain firm Everledger

    Sep 27, 2019 6:17pm
    London-based startup Everledger, which leverages blockchain technology on the supply chain of luxury goods, recently announced the completion of a US$20 million Series A funding round led by Chinese internet giant Tencent (00700.HK). With the investment,...
  • Duncan Wong, CryptoBLK’s co-founder and CEO, has helped drive the Hong Kong Monetary Authority's early involvement in blockchain technology. Photo: HKEJ

    CryptoBLK focuses on blockchain solutions for trade finance

    - Sep 27, 2019 12:29pm
    Blockchain, the decentralized ledger behind cryptocurrencies like bitcoin, is triggering changes in various industries such as food, healthcare and insurance. Determined to introduce the technology to common business applications, Hong Kong-based startup CryptoBLK has stepped up...
  • YouTrip is taking its products and business model beyond Singapore and into larger countries in Southeast Asia, says YouTrip co-founder and CEO Caecilia Chu. Photo: HKEJ

    How YouTrip eliminates currency conversion fees for travelers

    - Sep 26, 2019 4:51pm
    Founded in 2016 by Hongkongers Arthur Mak and Caecilia Chu, financial technology startup YouTrip offers a multi-currency mobile wallet that allows customers to pay overseas with no transaction fees, and to exchange and store up to...
  • China in far ahead of any other country in the development of a national digital currency, says Joao Reginatto, head of product for USD Coin at US-based blockchain payments startup Circle. Photo: Circle/Reuters

    Circle: China leading digital currency push as US falls behind

    - Sep 26, 2019 11:00am
    In June, social media giant Facebook unveiled its plan to launch a cryptocurrency called Libra, allowing money transfers over its messaging infrastructure – WhatsApp, Instagram, and Facebook Messenger, targeting the cross-border payments market. Threatened by Libra’s...
  • OliveX, steered by co-founder Keith Rumjahn (L), considers its AI-based 'smart' fitness mirror to be a useful tool for people who seek to work out in the comfort of their home. Photo: HKEJ

    HK startup launches smart mirror for at-home workouts

    - Sep 19, 2019 3:14pm
    Seizing an opportunity from the new wave of in-home workouts, Hong Kong-based fitness solutions technology startup OliveX has developed a smart fitness mirror that deploys artificial intelligence (AI) to detect users’ body movements, and provide real-time feedback...