Date
23 January 2018

startup

  • Uber dealt blow as EU court classifies it as transport service

    Dec 21, 2017 8:49am
    Uber Technologies should be classified as a transport service and regulated like other taxi operators, the European Union’s top court said in a landmark ruling that could impact other online businesses in Europe, Reuters reports. Uber,...
  • EOS investors shell out US$700m for coins with ‘no purpose’: WSJ

    Dec 20, 2017 6:09pm
    With the current frenzy over bitcoin and the accompanying initial coin offering (ICO) hype, the most well-funded project of the year, EOS token sales by software startup Block.one, has caught the attention of The Wall Street...
  • How Uplive uses own cryptocurrency to cash in on fan economy

    Dec 19, 2017 3:23pm
    Established in May 2016, live streaming platform Uplive has launched its own cryptocurrency, GiFTO, a blockchain technology-based token used to reward its program hosts. The token has been available for sale since Dec. 14. Andy Tian,...
  • Seven mainland China startups on CB Insights’ AI 100 list

    Dec 19, 2017 12:30pm
    Seven mainland China-based startups have made it to CB Insights’ latest Artificial Intelligence 100 list, gaining recognition for the promising work they are doing in the field of artificial intelligence (AI). The number marks a step-up...
  • Meet Booqed, Hong Kong’s Airbnb for office and commercial spaces

    - Dec 18, 2017 1:50pm
    Booqed, a Hong Kong-based startup launched in September last year, is looking to change how organizations utilize spaces and link workers with temporary office spaces and event venues. Established by a group of young entrepreneurs, Booqed...
  • China self-service gymbox operator said to raise US$30 mln

    Dec 14, 2017 6:08pm
    Supermonkey, a self-service fitness gymbox operator in China, is believed to have raised at least US$30 million (around HK$234 million) in series C funding in a recent transaction. The investment was led by Jiansheng Sports Fund,...
  • HK online rental platform finalist in global startup contest

    Dec 13, 2017 9:11am
    Like startups involved in artificial intelligence, real estate-focused new technology businesses also have opportunities to showcase their strengths at a global event, a fact that a Hong Kong firm will readily attest. SnapFlat, an online rental platform...
  • Ofo rolls out bike-sharing service in Hong Kong

    Dec 6, 2017 5:59pm
    Chinese bike-sharing giant Ofo said it has begun operations in Hong Kong, with Tuen Mun in the New Territories as its first location. Unlocking Ofo bikes requires the company’s mobile app. Customers can enjoy a ride...
  • Boxful bags US$18 mln for expansion to mainland

    - Dec 6, 2017 3:25pm
    Boxful, a Hong Kong-based startup that enables customers to store items in warehouses, has landed US$18 million in funding to expand its business outside the city. The latest funding round brings the total to US$26.1 million....
  • Four in five HK manufacturers plan to boost R&D spending: survey

    Dec 6, 2017 11:10am
    A survey has shown that around 80 percent of Hong Kong manufacturing enterprises plan to increase their research and development (R&D) expenditure over the next three years, with the average targeted hike in such spending at...
  • iFlyTek helping advance China AI push, state security: report

    Dec 4, 2017 4:18pm
    iFlyTek, a Hefei-based startup, is helping advance China’s efforts in the artificial intelligence industry and also functioning as an ally to Beijing in state security, according to the New York Times. Shenzhen-listed iFlyTek uses sophisticated AI to power...
  • Universities as innovation drivers: The challenges are many

    - Dec 4, 2017 1:31pm
    Window washing is considered a strenuous task that comes with the danger of falling. One way to minimize the risk is to use self-cleaning glass that doesn’t require frequent scrubbing. However, there is a problem as self-cleaning...
  • China’s bike-sharing giants Mobike and Ofo rule out merger

    Dec 1, 2017 6:33pm
    Despite rumors about a possible merger between bicycle-sharing platforms Mobike and Ofo, Mobike co-founder and chief executive Davis Wang Xiao-feng declared that “a merger is not an option for the company”, China Daily reports. The same sentiment...
  • India’s Paytm aims to create world’s largest digital bank

    Nov 30, 2017 10:01am
    Paytm, an Indian electronic payment services and e-commerce platform that is backed by China’s Alibaba Group, aims to create the world’s largest digital bank with 500 million accounts. On Tuesday, the group formally launched Paytm Payments Bank,...
  • Office-sharing startup WeWork acquires Meetup

    Nov 29, 2017 5:15pm
    Co-working space provider WeWork is buying Meetup, an online social networking site for people to organize or join group meetings in the real world, adding another asset to the rapidly expanding rental startup’s roster. The two...
  • Weadoc, an O2O smartphone repair platform, raises 100 mln yuan

    - Nov 29, 2017 3:29pm
    Weadoc, a platform that provides online-to-offline (O2O) mobile phone repair services, has raised 100 million yuan (US$15.15 million) in a Series B round led by MatrixPartners China and Cowin Capital. The company connects users with technicians who...
  • SoftBank said to seek Uber shares at 30% discount

    Nov 29, 2017 10:24am
    A SoftBank-led consortium is said to be seeking to buy Uber Technologies shares at a price that values the ride-hailing services firm at US$48 billion, a 30 percent discount to the company’s most recent valuation of...
  • Singapore to establish innovation alliance in Beijing

    Nov 28, 2017 5:47pm
    Singapore’s Global Innovation Alliance (GIA) will launch an initiative in China, linking the technological landscapes of both countries.  In its 2016 report, the Committee on the Future Economy of Singapore recommended setting up the GIA which...
  • Pokémon GO maker gets US$200m ahead of Harry Potter game launch

    Nov 28, 2017 10:02am
    Niantic Inc., the maker of the hit augmented-reality (AR) game Pokémon GO, has raised about US$200 million in new financing. The company’s Series B round comes just weeks after it announced plans to release a new...
  • How Taipei attracts talent for startup development

    Nov 27, 2017 6:27pm
    The Hong Kong government is determined to develop innovation and technology in the city, but its efforts are hampered by such issues as small market size and brain drain. Could we draw lessons from how Taiwan tackles...

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