Date
18 April 2019

Startup

  • Oriente operates in the Philippines and Indonesia where its two services, Cashalo and Finmas, respectively, offer credit services for consumers using a mixture of online and offline channels. Photo: Oriente

    Oriente’s Prentice sees vast opportunities in Southeast Asia

    - Apr 15, 2019 3:07pm
    The financial technology (fintech) industry has not even scratched the surface of opportunities across Southeast Asia, says Geoff Prentice, co-founder of Hong Kong-based micro-lending startup Oriente. In 2017, Prentice, a Skype co-founder and its former chief...
  • Abra enables users to invest in traditional stocks, ETFs, and crypto assets with a single app, according to founder Bill Barhydt. Photo: Abra

    Crypto startup Abra to make all-in-one global investing app

    - Apr 11, 2019 2:45pm
    US-based cryptocurrency startup Abra aims to be an all-in-one global investment app, according to founder Bull Barhydt. In a recent interview with EJ Insight, Barhydt, an early Netscape employee, shared his vision for the company he...
  • A tour guide holding a flag walks past a fruit stall as he leads a guided walking tour hosted by Klook. The platform offers various travel activities like local tours, visits to adventure parks, and basics such as train travel, via its mobile-based and on

    Travel activities platform Klook receives SoftBank funding

    Apr 10, 2019 11:15am
    Klook, a Hong Kong-based booking platform for in-destination tourism services, has announced the completion of a Series D+ funding round worth US$225 million led by SoftBank Vision Fund. The startup said in a press statement that...
  • Manila-based fintech startup Coins.ph integrates Western Union into its app to allow Filipinos to receive money sent to them from overseas. Photo: Coins.ph

    Western Union partners with Go-Jek’s Philippine fintech startup

    Apr 8, 2019 4:17pm
    Philippine e-wallet provider Coins.ph announced a collaboration with global remittance giant Western Union to enable Filipinos to receive international and domestic money transfers directly from the latter’s global digital network. Recently acquired by fast-growing ride-hailing unicorn Go-Jek,...
  • Zhang Dayi (left), a highlighted key opinion leader under Ruhnn, a Chinese startup that specializes in creating influencers. Photos: Zhang Dayi/Weibo, Ruhnn.

    China influencer platform Ruhnn raises US$125 mln in US IPO

    Apr 4, 2019 3:11pm
    Ruhnn, a startup that claims to be the largest internet key opinion leader (KOL) facilitator in China, has raised US$125 million in an initial public offering in the United States. The Chinese firm offered 10 million...
  • Alibaba has acquired a China-based Trello rival, Teambition, as part of an enterprise services push. Photos: Reuters, Teambition

    Alibaba buys Chinese project management software startup

    Apr 1, 2019 1:34pm
    Alibaba Group has acquired Teambition, a Shanghai-based startup that has developed a project collaboration management platform that can be used across office departments and business units, TechCrunch reports. In addition to the cloud-based team collaboration tool, Teambition...
  • Insta360, a Chinese company that sells 360-degree video cameras, has raised US$30 million in its latest funding round. Photo: Insta360

    China’s GoPro rival Insta360 plans IPO in 2020

    Mar 21, 2019 12:32pm
    Insta360, a Chinese firm that makes 360-degree cameras, announced the completion of its Series C-plus funding round as it revealed plans to launch a domestic initial public offering as soon as next year, CNBC reports. A rival...
  • Ahead of its IPO, Airbnb is reportedly eyeing Oyo, a hotel management startup that is touted as 
India’s largest hospitality company. Photo: Reuters

    Airbnb in talks to invest in Indian hotel startup Oyo: report

    Mar 20, 2019 6:26pm
    Home-rental giant Airbnb is in talks to invest in Indian budget hotel management startup Oyo Hotels, tech media company The Information reports, citing sources familiar with the matter. If it materializes, the deal would be another...
  • Bitspark, led by co-founder and CEO George Harrap, recently launched a stablecoin that is pegged 1:1 to the Hong Kong dollar. Photo: HKEJ

    Bitspark touts the benefits of its HKD-backed stablecoin

    - Mar 20, 2019 11:08am
    Following a crash in prices of cryptocurrencies and a cooling in investor frenzy, the sector has seen a new star emerge on the horizon: “stablecoins”. In February, US-based investment bank JPMorgan Chase announced that it is...
  • Ledger's Benjamin Soong expects growing demand for the company's hardware wallet products from the institutional side. Photo: HKEJ

    Institutional market seen key to bringing crypto sector back up

    - Mar 18, 2019 11:19am
    With the rise of cryptocurrencies around the globe, there have been quite a few cases of hacker attacks on crypto exchanges, causing significant losses in the industry. According to a Reuters report, over US$927 million worth...
  • Aiming for an Asian expansion, crypto security firm Ledger has set up a branch in Hong Kong, with Benjamin Soong appointed as regional head. Photo: HKEJ

    Crypto security firm Ledger sees big Asia opportunities

    - Mar 18, 2019 11:13am
    Given multiple incidents of security breaches and hacks in crypto exchanges in recent years, securing the cryptocurrency wallet has become a growing concern for crypto investors. Amid this situation, Ledger, a Paris-headquartered cryptocurrency security firm known...
  • A Jumia employee at a warehouse in Lagos. The pan-African e-commerce firm makes thousands of deliveries a day in Nigeria alone. Photo: Reuters

    African e-commerce unicorn Jumia files for US IPO

    Mar 14, 2019 3:32pm
    African online retailer Jumia Technologies has filed for an initial public offering (IPO) in New York, planning a share sale that could value the firm at US$1.6 billion or more. If the plans for a listing...
  • The Pearl River in Guangzhou. What should Hong Kong startups do to take advantage of the opportunities in the Greater Bay Area? Photo: Reuters

    Adventures in Greater Bay Area: Startup founders offer tips

    - Mar 8, 2019 1:40pm
    The Greater Bay Area is the Chinese government’s master plan for Hong Kong, Macau, and nine cities in Guangdong Province, with an aim to build a business and technology hub. The scheme brought excitement to many...
  • With the Uber Flash service, riders will be matched with nearby vehicle, either a taxi or an UberX vehicle, with fares and payments settled through the app. Photo: Uber Hong Kong

    Uber HK launches taxi-partnership service despite early setback

    Mar 6, 2019 2:19pm
    Uber’s Hong Kong unit on Tuesday launched a new taxi-partnership service in the city even as a partner pulled out at the last minute, reportedly under pressure from other taxi service operators. With the “Uber Flash” service,...
  • Coinbase office in San Francisco, California. The cryptocurrency exchange has received backing from institutions and firms such as GIC and Tiger Global Management. Photo: Bloomberg

    Singapore state-owned fund invested in Coinbase: report

    Mar 5, 2019 12:13pm
    Singapore state wealth fund GIC was among the entities that had backed the US$300 million funding round of US cryptocurrency exchange Coinbase last year, according to Bloomberg. Coinbase, one of the largest platforms for buying and selling...
  • Danke Apartment, a Chinese startup focused on long-term apartment rentals, targets young professionals in first-tier cities for its co-living urban housing model. Photo: Danke Apartment

    Ant Financial leads funding for rental housing startup Danke

    Mar 4, 2019 12:21pm
    Ant Financial, Alibaba’s payment and financial technology arm, has invested in mainland rental housing platform Danke Apartment in a funding round it co-led with existing investor Tiger Global Management. The completion of the US$500 million Series...
  • Second-hand cars are on display at a physical store of Guazi, an online trading marketplace for used cars under the Chehaoduo Group. Photo: Chehaoduo

    SoftBank’s Vision Fund bets US$1.5 bln on China used-car startup

    Mar 1, 2019 2:27pm
    Tencent-backed Chehaoduo Group, the parent company of second-hand vehicles trading platform Guazi.com, said it has agreed to a US$1.5 billion investment from SoftBank’s mega tech investment vehicle Vision Fund. Chehaoduo, which is roughly translated as “lots of...
  • Phase 5 (lower left corner) of Cyberport will offer about 66,000 square meters of floor area, including facilities such as offices, co-working space, conference venues and data service platforms. Photo: HKEJ

    HK$5.5 billion allocated for development of Cyberport 5

    Feb 28, 2019 4:15pm
    Financial Secretary Paul Chan Mo-po has earmarked HK$5.5 billion for the development of the fifth phase of Cyberport, a government-owned complex in Telegraph Bay with a cluster of technology and digital content tenants. The amount, combined with...
  • London Stock Exchange leads a US$20 million bet on fintech startup Nivaura, which lets companies issue debt on an ethereum blockchain platform. Photo: Reuters

    London Stock Exchange bets on finance tokenization startup

    Feb 28, 2019 2:32pm
    London Stock Exchange Group (LSEG) led a US$20 million funding round for a financial technology startup that enables companies to issue financial instruments on the blockchain, a move that shows growing interest among mainstream finance players in...
  • JPMorgan, whose boss Jamie Dimon (inset, left) once bashed bitcoin as a ‘fraud’, has launched its own crypto initiative, but industry insider Elizabeth White (inset, right) feels the unit’s implication would be limited. Photos: Reuters, The White Company

    Is JPMCoin a cryptocurrency?

    - Feb 26, 2019 11:52am
    Despite a major selloff of popular cryptocurrencies such as Bitcoin and Ethereum, the market has seen a boom in “stablecoin” initiatives in the fast-moving crypto sector, as investors sought out cryptocurrency whose value is pegged to...

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