Date
23 February 2019

startup

  • 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...
  • SoftBank invests in US parking management startup ParkJockey

    - Dec 12, 2018 12:06pm
    Japan’s SoftBank Group has invested in ParkJockey, a US startup that deploys smart software and hardware technologies to monetize parking lots. The Miami-based firm revealed the SoftBank investment in an announcement on Monday, without providing the...
  • China’s G7 backed by Tencent, others in new funding round

    Dec 11, 2018 9:38am
    Chinese fleet management services and Internet of Things (IoT) technology company G7 announced on Monday that it has completed a sizable funding round with the backing of HOPU Investments and some existing investors that included Tencent...
  • Pundi X brings digital currencies to physical stores

    - Dec 10, 2018 1:47pm
    The phenomenal surge in the value of cryptocurrencies last year, when prices rose by more than 900 percent before settling down this year, has made them a new speculative target in the financial world. Despite the investment frenzy,...
  • WM Motor, SenseTime to jointly develop AI applications for cars

    - Dec 6, 2018 3:25pm
    WM Motor, a Shanghai-based new energy vehicle maker, has partnered with Chinese artificial intelligence startup SenseTime to apply the latter’s facial recognition technology in automobiles. Freeman Shen, founder, chairman and chief executive of WM Motor, told the Hong...
  • SoftBank fund to hire China team, open Shanghai office: report

    Dec 5, 2018 1:02pm
    SoftBank Group’s Vision Fund is hiring an investment team to be based in China, with plans to open its first China office in Shanghai next year, according to Reuters. Citing sources with knowledge of the matter, the...
  • Airbnb unveils initiative to build and sell homes for sharing

    Dec 3, 2018 4:54pm
    Airbnb is expanding its home-sharing business by building and selling “affordable” homes that are “designed to be shared”. The company said it will start testing prototype homes as soon as next year under the new initiative called...
  • Senior care training startup CareAcademy wins MIT honor

    - Dec 3, 2018 12:24pm
    CareAcademy, a US startup that provides online classes for non-medical professional and family caregivers, has won the championship award in “skills development and opportunity matching” category in MIT’s Inclusive Innovation Competition this year. The company, headquartered in Cambridge,...
  • How blockchain could eliminate pain points in insurance business

    - Nov 30, 2018 12:47pm
    Blockchain, the distributed ledger technology, is increasingly seen as a viable solution to inefficiencies and loopholes in businesses. eMALI.IO, a Hong Kong-based blockchain startup, offers the technology to address various issues encountered by industries, particularly in the...
  • Food delivery startup depends on part-timers after mass layoffs

    Nov 28, 2018 3:58pm
    Plum, a Hong Kong-based online food delivery service platform, is believed to have fired almost all its full-time employees as it seeks to restructure its business amid financial difficulties. The one-year-old startup is now said to...

EJI Weekly Newsletter

Please click here to unsubscribe