Date
15 August 2018

startup

  • Meet 10Life, a startup that decodes insurance

    - Nov 14, 2017 11:20am
      A Hong Kong-based startup founded by experienced actuaries and insurance experts aims to decode complex insurance products into unbiased, easy to understand scores and rankings. Set up last year by three insurance professionals, 10Life helps...
  • Ridesharing could ease HK traffic congestion by 90%: study

    Nov 13, 2017 6:39pm
    Traffic congestion in Hong Kong could ease by as much as 90 percent if ridesharing takes root among the city’s citizens, a study says.  According to a report from Boston Consulting Group (BCG), Hongkongers are stuck...
  • Uber’s new Asia chief wants to work with govts and taxi firms

    - Nov 13, 2017 6:07pm
    Brooks Entwistle, who joined Uber as its chief business officer for Asia Pacific in August 2017, recently had an interview with TechCrunch. He revealed the company’s shift in strategy to partner with its former nemeses —...
  • Startup launches UnionPay card payment service for HK taxis

    - Nov 13, 2017 2:37pm
    Hong Kong commuters can now use their UnionPay cards to pay for taxi fares. One2Paid, a cashless payment solution startup under local fintech company CamClaim, has partnered with UnionPay International, China Mobile Hong Kong, K&R International...
  • China’s Toutiao buys karaoke app Musical.ly for US$800 mln

    Nov 13, 2017 10:06am
    Musical.ly, the lip-synching app popular with teens and young people, has been sold to Chinese dominant news app Toutiao, TechCrunch reports, citing people familiar with the matter. Beijing ByteDance Technology Co., the company behind China’s top...
  • CEO Khosrowshahi says he wants Uber to go public by 2019

    - Nov 10, 2017 5:53pm
    Uber CEO Dara Khosrowshahi says he aims to launch the initial public offering of the car-sharing service by 2019, with the backing of co-founder Travis Kalanick and the board. Speaking at the New York Times’ DealBook conference...
  • Deliveroo adds local flavor to gain edge in food delivery race

    - Nov 10, 2017 3:39pm
    The battle for market share among food delivery services has heated up in Hong Kong. Major players such as Foodpanda, Deliveroo and UberEats are in a race to partner with the most ubiquitous eateries. Deliveroo general manager...
  • HK firm unveils electric trucks to promote green transportation

    Nov 10, 2017 1:47pm
    E Tech Dynamic Technology, a Hong Kong-based technology startup, unveiled two electric vehicles recently — a hybrid electric coach and a 16-ton pure electric truck. The hybrid vehicle, Hong Kong’s first plug-in hybrid electric coach, can...
  • BitTorrent inventor issues eco-friendly bitcoin competitor

    Nov 10, 2017 10:40am
    A single block of bitcoin transaction requires as much electricity as it takes to power a regular home for a week, and BitTorrent inventor Bram Cohen wants to fix that. The legendary coder has started a...
  • How Lazada can win Southeast Asia with Alibaba’s backing

    Nov 9, 2017 4:05pm
    Lazada has no pressure from parent Alibaba to become profitable, focusing instead on winning market share, chief executive Max Bittner said. “Southeast Asia, for them, is hugely exciting. They see it as big an opportunity as...
  • HKSTP wins China recognition as ‘State-level’ incubator

    - Nov 8, 2017 1:45pm
    China’s Ministry of Science and Technology has named Hong Kong Science and Technology Parks Corporation (HKSTP) as a “State-level Scientific and Technological Enterprise Incubator”, marking the mainland’s first such honor to a Hong Kong entity. The...
  • Greater Bay Area to become a mecca for Hong Kong innovators

    - Nov 7, 2017 4:13pm
    In Chief Executive Carrie Lam Yuet-ngor’s policy address last month, she expressed her ambition to turn Hong Kong into an international hub for innovation by grasping the opportunities arising from mainland China’s Greater Bay Area development....
  • Govt too slow on tech, says ‘father’ of wireless charging

    - Nov 6, 2017 3:16pm
    In her maiden policy address, Chief Executive Carrie Lam Cheng Yuet-ngor expressed her ambition to invest in and develop new technologies and products. However, Hong Kong lacks resources, according to Professor Ron Hui Shu-yuen, chair professor...
  • How technology is changing the tourism industry

    - Nov 6, 2017 12:49pm
    You might be overwhelmed with ads claiming to offer the best deals in travel bookings on TV or websites. Technology’s disruption to the tourism industry is not just in terms of pricing. The success of Klook,...
  • How data sharing stimulates possibilities for smart city

    - Nov 6, 2017 10:05am
    In this year’s policy address, Chief Executive Carrie Lam Cheng Yuet-ngor identified some key themes in the city’s innovation and technology development, with HK$700 million allocated to start turning Hong Kong into a smart city. To...
  • Bitcoin hits new high as Amazon registers cryptocurrency domains

    Nov 3, 2017 6:08pm
    Bitcoin prices hit a new record following a five-day surge that saw the digital currency move past the US$7,000 level. The cyber-currency got its latest impetus amid reports that e-commerce giant Amazon.com has registered a trio of...
  • Uber rival Grab presses foray into digital payments

    Nov 3, 2017 9:21am
    Southeast Asian ride-hailing company Grab has taken a major step toward becoming a fintech player as the company rolled out its GrabPay service among third-party merchants. On Wednesday, Grab said users in Singapore can now pay...
  • Appetite for Indian tech startups shows sharp rebound

    - Nov 2, 2017 3:27pm
    Indian tech startups are becoming the new favorite of investors from China and Japan. They are expected to raise more than US$10 billion this year, more than double last year’s US$4.4 billion. Indian tech startups have...
  • China Airbnb rival Xiaozhu gets Jack Ma backing

    - Nov 2, 2017 1:16pm
    Chinese house-sharing platform Xiaozhu.com has raised US$120 million from investors led by Jack Ma’s Yunfeng Capital, Reuters reports. The latest fundraising has catapulted Xiaozhu to the status of a “unicorn startup”, the company said in a...
  • Singapore’s Carousell closes US$70-80 mln funding round: report

    Nov 1, 2017 10:10am
    Carousell, an e-commerce marketplace focused on Southeast Asia, has closed a Series C funding round worth US$70 million to US$80 million, according to tech industry news portal TechCrunch. The Singapore-based startup did not confirm the new funding...

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