Date
21 July 2019

startup

  • 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...
  • 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...
  • 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 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,...
  • 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...
  • 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...
  • 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...
  • Uber, payment firms back Facebook cryptocurrency: WSJ

    Jun 14, 2019 4:07pm
    The tech community is abuzz with reports that Facebook is unveiling its own cryptocurrency. And several well-known firms, including ride-hailing giant Uber as well payment companies Visa, Mastercard and PayPal, have thrown their support behind the social...
  • 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...
  • 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...
  • HK startup Nexstgo carves out space in crowded laptop market

    - Jun 6, 2019 1:40pm
    It’s hard for a local brand to establish itself overseas. Nexstgo, an electronics gadget brand created by corporate executive-turned-entrepreneur Alex Chung, whom I have known for over 20 years, is one of the rare successful cases....
  • 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...
  • 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...
  • HK startup Aptorum casts wide net at biotech business

    - May 31, 2019 3:39pm
    A typical biotech startup is often founded by a scientist or researcher focusing on a highly specific area, but Aptorum spreads its business over a wide range of projects. Its boss, Ian Huen, studied economics and...
  • 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...
  • 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,...
  • 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...
  • 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...
  • 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...
  • 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...

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