Date
17 September 2019

startup

  • 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...
  • Chinese EV startup Xpeng jumps into ride-hailing fray

    May 17, 2019 2:30pm
    Alibaba-backed electric car maker Xpeng Motors, last valued at US$4 billion, launched a ride-hailing service in Guangzhou, even as Didi Chuxing, the ride-hailing industry leader in China, is still finding ways to make a profit. The...
  • HK startup seeks to help kids on personal finance habits

    - May 16, 2019 12:50pm
    With an aim to promote personal finance knowledge and saving habits in children, Hong Kong startup Mellow has launched a personal finance app, offering a solution for parents to teach their kids on ways manage their...
  • Turning an idea into a successful business

    - May 16, 2019 11:51am
    My motivation for starting Deliveroo was simple: I am passionate about food. Working in New York, I was used to restaurants delivering and being able to get a great selection of food at all times. When...
  • How Funding Societies is able to grow in P2P lending market

    - May 14, 2019 3:37pm
    Pioneered by US-based firms like LendingClub, the peer-to-peer (P2P) lending market has witnessed an explosive boom in China and Southeast Asia. Funding Societies, founded in 2015, targets small and medium-sized enterprises, seeking to fuel their growth through...
  • Alibaba-backed AI startup Megvii raises US$750 million

    May 9, 2019 2:26pm
    Chinese artificial intelligence (AI) provider Megvii, known for its facial recognition brand Face++, has raised US$750 million in a Series E funding round, taking its valuation to slightly over US$4 billion. The ambitious startup is preparing...
  • Ant Financial partners Israel blockchain firm for data privacy

    May 8, 2019 11:42am
    Ant Financial, Chinese e-commerce giant Alibaba’s payment and technology affiliate, has participated in a US$10 million Series A round for QEDIT, an Israeli blockchain security company. QEDIT also announced partnerships with Ant Financial, major software firm...
  • Ex-finance chief John Tsang on the frontline of innovation

    - May 6, 2019 1:45pm
    After his unsuccessful bid to become chief executive two years ago, former financial secretary John Tsang Chun-wah has moved away from politics and is now technology evangelist. He was appointed vice chairman by Hong Kong fintech-focused...
  • Tencent-backed insurer Waterdrop seeks unicorn valuation: report

    May 2, 2019 1:06pm
    Tencent-backed insurance startup Waterdrop is looking for fresh financing at a valuation of at least US$1 billion, Bloomberg reported. The disruptor insurance company will work with Tencent to develop new blockchain solutions, focusing on the emerging...