Date
12 December 2018

startup

  • Tink Labs raising US$300 mln in new funding: report

    Nov 7, 2018 11:24am
    Tink Labs, a Hong Kong-based startup that offers free-to-use smartphones docked in hotel rooms, has launched a new funding round worth up to US$300 million, according to TechCrunch. Citing sources with knowledge of the plans, the...
  • Motao Box, the cashier-less wine shop, is coming to HK next year

    - Nov 6, 2018 6:24pm
    Cashier-less checkout systems are seen by many as the next big trend in the retail and grocery sector. In August, a Guangzhou-based technology firm launched Motao Box, a wine store without a cashier, in the mainland...
  • Online course provider edX to step up focus on SE Asia markets

    - Nov 5, 2018 1:11pm
    EdX, a nonprofit consortium founded by Harvard University and the Massachusetts Institute of Technology (MIT) in 2012, has been providing and hosting massive online open courses – known as MOOCs – from elite universities and institutions....
  • Meet Labway, a startup specializing in sea cucumber nutrients

    - Nov 2, 2018 5:18pm
    Hong Kong serves as an important gateway for distribution of seafood products into China and the surrounding region. In particular, the city is a major player in handling the distribution and other transactions related to sea...
  • Xiaomi warns Lyft over electric scooter operations: report

    Nov 1, 2018 2:21pm
    China’s Xiaomi, best-known for its low-cost smartphones and wearables, is also a major electric scooter maker that several shared electric scooter services in the US rely on, with the company’s scooters rebranded and made available across...
  • China’s Tencent, JD.com invest in Indonesia’s Go-Jek: report

    Oct 31, 2018 5:46pm
    Google, Tencent (00700.HK) and JD.com are said to be backing Indonesian ride-hailing startup Go-Jek in new financing worth a combined US$1.2 billion. The deal, if it goes through, would double Go-Jek’s valuation to over US$9 billion,...
  • Social e-commerce startup Goxip raises new funding led by Convoy

    - Oct 31, 2018 3:33pm
    Goxip, a Hong Kong-based social e-commerce startup, has raised US$1.4 million in a new funding round led by local financial advisory services firm Convoy, according to an announcement. Previous backers, including Chinese selfie and social sharing...
  • AI startup AnyMind draws investment from LINE, Mirai Fund

    Oct 30, 2018 3:53pm
    Artificial intelligence startup AnyMind Group announced Monday that it has completed a B round funding of US$13.4 million. Participants included LINE Corp, SPARX Group and Mirai Creation Fund, a fund backed by Toyota and Mitsui Bank,...
  • Didi Chuxing said to be eyeing hotel booking business

    Oct 30, 2018 2:41pm
    China’s largest ride-hailing app Didi Chuxing is poised to expand into the hotel-booking business, according to Chinese business magazine Caijing and tech news site 36kr. The company is reportedly looking at new avenues for growth through its internal...
  • How Faster Payment System can change the game for restaurants

    - Oct 26, 2018 2:14pm
    To address the growing need for more efficient retail payment services, the Hong Kong Monetary Authority (HKMA) launched in September the Faster Payment System (FPS), which enables users to make real-time transfers between banks and stored value...
  • Grab, Mastercard launch prepaid cards with worldwide reach

    Oct 25, 2018 2:21pm
    Singapore-based ride-hailing company Grab has teamed up with payments processor Mastercard to issue prepaid cards tailored to the Southeast Asian market. The cards include a physical card equipped with NFC and EMV chips, and a virtual...
  • Chinese media firm ByteDance taps Jack Ma in mega funding round

    Oct 25, 2018 9:01am
    Fast-growing Chinese media startup ByteDance, the company behind news aggregator Toutiao and video platform Tiktok, has raised at least US$2.5 billion in a mega funding round, Chinese tech news website AWTMT reports, citing a source with knowledge...
  • Construction vet offers smart tool for worker health & safety

    - Oct 24, 2018 2:24pm
    A construction veteran in Hong Kong is trying to bring a change in the old-fashioned industry with new technology solutions. BeeInventor, founded in 2016 by Harry Chan Kin-yung, has built a cloud-based platform for data exchange...
  • HK fintech startup Neat raises US$3 million, eyes mainland firms

    Oct 24, 2018 10:07am
    Neat, a Hong Kong-based financial technology startup that provides a fully digital alternative to traditional bank accounts, has announced the completion of a US$3 million funding round led by China-based venture capital firm Linear Capital, as...
  • Portuguese app store Aptoide wins court battle against Google

    Oct 23, 2018 9:47am
    A European court has ruled against Google in a landmark case brought by Portuguese app store Aptoide, Reuters reports. The US tech giant was ordered to stop removing the Aptoide app from users’ mobile phones without their...
  • Goldman-backed fintech startup Marqeta launches in Europe

    Oct 22, 2018 10:02am
    Marqeta, a US financial technology startup that helps young companies including digital-only banks issue payment cards, has expanded into Europe, Reuters reports. The company said it will service the region from London, where it has hired...
  • Uber said to be testing an on-demand staffing service

    Oct 19, 2018 3:18pm
    Uber is testing a short-term staffing service called Uber Works that aims to provide temporary workers to businesses for events and corporate functions, according to the Financial Times. The California-based tech firm is said to have been...
  • Secretive data miner Palantir considering going public: WSJ

    Oct 19, 2018 11:46am
    Secretive data-mining startup Palantir Technologies is exploring an initial public offering (IPO) with a valuation that could reach as much as US$41 billion, the Wall Street Journal reports, citing sources familiar with the matter. The Palo Alto,...
  • Ofo calls for self-regulation of HK bike-sharing industry

    - Oct 19, 2018 9:01am
    The bike-sharing trend has taken Hong Kong by storm – and appears to have subsided just as fast. Since last year, six bike-sharing operators have emerged in the city. But amid fast-paced expansion and intense competition, Gobee.bike went...
  • Uber eyes stake sale in self-driving car unit before IPO: report

    Oct 18, 2018 12:58pm
    Uber Technologies is considering selling minority stakes in its self-driving car unit, the Financial Times reported, in a move widely seen as an attempt to drive down the firm’s cost pressures ahead of an initial public...

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