Date
21 May 2018

Startup

  • Neat co-founders David Rosa (L) and Igor Wos. Their fintech startup offers services to individuals and SMEs that have often been neglected by big banks. Photo: HKEJ

    Fintech startup Neat to seek ‘Virtual Bank’ license in HK

    - May 21, 2018 11:20am
    Hong Kong’s financial sector had long been dominated by traditional institutions, but in recent years the city has seen a rising number of fintech startups trying to push their way into the market on the back...
  • The Hong Kong government’s funding assistance for development of an AI-based app for Baduanjin qigong exercise program has sparked a debate on valuation issues surrounding mobile apps. Photo: Reuters

    Innopage founder on how to valuate an app

    - May 18, 2018 3:13pm
    What is a good way to estimate the value of an app? Well, it’s topic that has stirred much debate and a lot of different viewpoints, as well as raised several related questions. Recently mobile games...
  • Carousell is launching a digital wallet that will enable users to complete transactions without having to leave the app. Photo: Carousell

    Carousell launches e-wallet for complete in-app transactions

    May 16, 2018 4:57pm
    After receiving fresh capital in its latest funding round, mobile listings startup Carousell is launching a digital wallet that will enable users to complete transactions without leaving the app, co-founder and chief executive Quek Siu Rui revealed...
  • Huang Wei, Unisound’s founder and CEO, said a number of China's core technologies are still dependent on the United States and other countries. Photo: Unisound

    Unisound raises US$100 million to fund AI, chip development

    - May 16, 2018 12:49pm
    Unisound, a Chinese artificial intelligence (AI) solution provider, announced it has raised US$100 million in a series C round of funding. The round was led by China Electronics Health Fund, and participated in by Qihoo 360...
  • Carousell founders Quek Siu Rui, Lucas Ngoo and Marcus Tan aim to deploy new funds to expand the firm’s online listing business and to innovate in spaces like artificial intelligence. Photo: Carousell

    Carousell raises U$85 mln, ties up with DBS

    - May 15, 2018 1:35pm
    Carousell, the Singapore-based mobile listings startup, announced on Monday that it has raised US$85 million in Series C funding to support the firm’s business expansion initiatives. The financing was led by Japan’s Rakuten Ventures and EDBI,...
  • SparkLabs aims to ‘democratize investment opportunities’ by launching a security token offering related to its startup accelerator program. Photos:  SparkLabs, Bloomberg

    SparkLabs launches first startup accelerator security token sale

    May 14, 2018 3:31pm
    SparkLabs Group, a US-Korean firm that runs early-stage accelerator programs in Asia as well as several global venture capital funds, has launched a security token offering, allowing anyone to buy into its accelerator programs. The venture...
  • HKTDC deputy executive director Raymond Yip (right) said this year's Entrepreneur Day will include business sessions to help startups widen their connections and secure funding. Photo: HKEJ

    HKTDC Entrepreneur Day seeks to connect startups and investors

    - May 9, 2018 6:44pm
    The Hong Kong Trade Development Council (HKTDC) will hold an Entrepreneur Day (E-Day) next week. Now on its 10th year, E-Day will be held at the Hong Kong Convention and Exhibition Centre from May 17 to 18....
  • In case of an injury while delivering food, Deliveroo drivers will get an insurance package equivalent to 75 percent of their average income. Photo: Reuters

    Deliveroo to spend US$13 million on drivers’ medical insurance

    May 8, 2018 6:07pm
    Deliveroo is providing free medical insurance to its food delivery drivers worldwide. The London-based online food delivery startup will offer free medical insurance to its 35,000 drivers in 12 countries and regions, including the United Kingdom, Australia,...
  • GoodNotes founder Steven Chan said the note-taking app has been downloaded over two million times since its launch seven years ago, providing sufficient revenue to grow the business. Photo: GoodNotes, HKEJ

    HK startup wants to become profitable, first and foremost

    - May 7, 2018 2:54pm
    Today we are overloaded with stories about how startup entrepreneurs secured venture capital and soared to great wealth in a very short span of time. The capital-raising route notwithstanding, a growing number of startups are giving priority...
  • Cathay Photonics chairman and CEO Prof. Cheah Kok-wai (inset) says his firm’s sapphire thin film offers good protection from scratches and also adds to the toughness of the screens. Photo: Cathay Photonics

    HK startup involved in sapphire film tech raises fresh funds

    - May 4, 2018 5:56pm
    Cathay Photonics, a startup co-founded by a group of engineers and physicists, has completed a US$10 million funding round after it gained recognition for a technical breakthrough that helps make glass or plastic screens, such as those...
  • Consumers in Hong Kong value fast and convenient service more than anything, says Deliveroo CEO Will Shu. Photo: HKEJ

    How Deliveroo developed a taste for restaurant food delivery

    - May 3, 2018 12:07pm
    If you are a Londoner, don’t be surprised if you get to meet the boss of Deliveroo in person – as a delivery driver for food take-outs. Will Shu, co-founder and CEO of the British online...
  • 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....
  • DP World Cargospeed promises to "deliver freight at the speed of flight and closer to the cost of trucking". Photo: Virgin Hyperloop One

    DP World, Virgin Hyperloop launch speedy cargo delivery service

    Apr 30, 2018 1:14pm
    Global trade and supply chain logistics providers DP World and Virgin Hyperloop One are introducing an on-demand delivery service. Called DP World Cargospeed, the service is “an international brand for hyperloop-enabled cargo systems”, Hyperloop One chief executive Rob...
  • 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...
  • After launching in Singapore, co-working space provider WeWork is expanding into Indonesia, Thailand, Malaysia, and the Philippines this year. Photo: Bloomberg

    WeWork ramping up presence in Southeast Asia

    Apr 26, 2018 11:52am
    WeWork, a US provider of shared workspaces, is pursuing plans to expand in Southeast Asia. The New York-based startup aims to establish its presence in Indonesia, Thailand, Malaysia, and the Philippines this year, TechCrunch reports. “We’re definitely...
  • 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...
  • 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...

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