Date
22 January 2019

startup

  • Indonesian micro-retail tech startup raises fresh funds

    Jan 22, 2019 12:46pm
    Warung Pintar, an Indonesia-based startup focusing on micro-retail technology, has completed a Series B funding round worth US$27.5 million as it seeks to help more street vendor shops digitize their businesses. The fresh capital comes from...
  • CryptoBLK lures bank giants to bring blockchain to trade finance

    - Jan 21, 2019 4:19pm
    In October 2015, The Economist published a much-discussed report on blockchain, featuring the topic on the magazine’s cover along with the tag line “The Trust Machine: How the technology behind Bitcoin could change the world.” Since...
  • Bullet releases new chat app, joining other WeChat challengers

    Jan 16, 2019 4:06pm
    Bullet Message, a Chinese messaging startup that has signaled ambitions to challenge WeChat’s dominance in the market, has introduced a new app-based networking service called “Liaotianbao”. Released on Tuesday, Liaotianbao, roughly meaning “a nice tool for...
  • How a popular TV drama boosted HK startup MailTime

    - Jan 11, 2019 2:14pm
    After the excitement generated by its US$40 million initial coin offering (ICO), Hong Kong-based email messenger service MailTime finds itself contending with the cryptocurrency market crash and the venture capital winter. The startup, which created an...
  • SoftBank said to have scrapped plan to buy most of WeWork

    - Jan 9, 2019 2:10pm
    Japanese tech and telecom heavyweight SoftBank is pouring more capital into US-based co-working space giant WeWork to fuel its global expansion.  However, it has withdrawn a plan to invest US$16 billion to buy most of WeWork, and...
  • ICE-owned crypto startup Bakkt gets Li Ka-shing on board

    Jan 8, 2019 12:21pm
    Hong Kong billionaire Li Ka-shing has joined other tech and venture capital heavyweights in supporting cryptocurrency venture Bakkt in its first funding round. The startup, backed by Intercontinental Exchange (ICE), the parent company of the New York Stock...
  • How a startup helps WeChat in Asian remittance battle

    - Jan 7, 2019 2:34pm
    As China’s digital payments industry has become somewhat saturated after years of explosive growth, mainland service providers have begun stepping up focus on overseas markets. Amid such efforts, WeChat Pay, the payment service of internet giant Tencent...
  • How a startup makes it easier for SMEs to get trade finance

    - Jan 4, 2019 3:48pm
    While financial technologies related to peer-to-peer lending, insurance, remittance and digital payments have been getting all the attention, SME trade finance, itself a huge market, is much less talked about. Owners of small and medium sized...
  • Chinese coffee startup Luckin: We won’t be the next ofo

    Jan 4, 2019 3:01pm
    Fast-growing Chinese coffee chain Luckin said it aims to be the country’s largest coffee chain by the number of cups sold and outlets this year, overtaking Starbucks, which has about 3,300 stores nationwide. “What we want at...
  • Didi forays into financial services to broaden revenue streams

    Jan 3, 2019 1:47pm
    China’s Didi Chuxing has rolled out a suite of financial products, including auto insurance, personal loans and crowdfunding services, on its mobile-based platform, diversifying its business as the core ride-hailing operation faces a potential slowdown. The...
  • China startup frenzy seen cooling further in 2019

    - Jan 2, 2019 1:57pm
    Chinese startups had been flooded with venture capital in the past few years, and the hype contributed to inflating the startup valuation, but it seems the trend has begun to reverse in recent months. In interviews...
  • Alibaba-backed Hellobike raises mega funds amid ofo crisis

    Dec 31, 2018 12:26pm
    While Chinese bike-sharing giant ofo remained trapped in a cash crunch, its smaller rival, Hellobike, said it has secured new funding from existing investor Ant Financial, Alibaba Group’s financial and payment arm.  Aside from bikes and electric...
  • Tencent leads funding round for online tutoring firm Yuanfudao

    Dec 27, 2018 5:14pm
    Capitalizing on the emerging trend of online education in China, Yuanfudao, a startup that provides live courses and tutoring through a digital platform, has raised US$300 million in a funding round led by existing investor Tencent,...
  • Zoox receives first California permit to offer autonomous rides

    - Dec 27, 2018 1:41pm
    Autonomous vehicle technology startup Zoox has recently received a permit to transport public passengers, under a pilot program launched in April by the California Public Utilities Commission. It marked the first time the California authorities granted...
  • How a HK firm aims to reshape the renovation services industry

    - Dec 24, 2018 4:26pm
    A Hong Kong-based startup is trying to refashion the traditional renovation services industry through an innovative digital platform. Founded in 2015, HKDecoman offers engineer-matching and consultancy services help to people who plan to renovate their homes...
  • Tencent joins US$1 bln funding round for India’s Swiggy

    Dec 21, 2018 2:13pm
    Indian food delivery services startup Swiggy has completed a US$1 billion funding round led by existing investor Naspers, the South African internet and media group, and some new backers that included Chinese social media and gaming...
  • Altria to invest US$13 billion in e-cigarette startup Juul: WSJ

    Dec 20, 2018 4:36pm
    After investing in the emerging marijuana industry, Altria Group Inc., maker of Marlboro cigarettes, is poised to make a huge investment in e-cigarette startup Juul Labs Inc. to combat the decline in the number of traditional smokers...
  • Ofo under pressure as millions of bike riders demand refunds

    Dec 19, 2018 1:00pm
    While coping with fierce competition, Chinese bike-sharing giant ofo has been contending with disputes over unpaid debt, rumors of mass layoffs, and senior management shuffles in recent months. And on Tuesday, hundreds of ofo users formed...
  • Carousell eyes transactions boost with help of AI, partners

    - Dec 17, 2018 1:44pm
    Asia-focused online classified marketplace Carousell recently announced that its Hong Kong unit has partnered with Hong Kong-listed second-hand designer bag retailer Milan Station (01150.HK) to help users authenticate luxury handbags sold on the platform. In an...
  • HK e-commerce enabler Boutir helps clients build online stores

    - Dec 14, 2018 3:42pm
    A growing number of people are starting their own business online. Hong Kong-based mobile commerce enabling app Boutir aims provides tools for these people to set up online stores and manage inventory easily and efficiently. Boutir’s co-founder and...

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