Date
21 April 2019

startup

  • Are stablecoins the way forward for crypto units? An expert view

    - Feb 26, 2019 11:05am
    The financial industry has shown interest in digital coins and blockchain, aiming to utilize tamper-proof digital ledger technology. Recently, US-based investment bank JP Morgan announced that it is launching its own “stablecoin” in order to facilitate...
  • China shared-kitchen startup wins Tiger Global backing

    Feb 25, 2019 3:18pm
    Panda Selected, a Beijing-headquartered shared-kitchen startup, has announced the completion of its Series C funding round, raising US$50 million from a group of international backers. The round was led by Tiger Global Management, with participation from existing...
  • Green revolution inside an innovative vertical farm

    - Feb 25, 2019 9:16am
    Being a farmer in the face of climate change is no easy task. Dealing with nature and its elements poses a huge challenge for farming, and crop yields have slowed around the world. On top of...
  • China voiceprint recognition startup wins backing from HK fund

    - Feb 20, 2019 5:07pm
    Shenzhen-based VoiceAI Technologies, a startup that provides voiceprint recognition technology and intelligent voice solutions, has completed a pre-A series funding round with the backing of a Hong Kong venture fund. The pre-A round, whose scale is...
  • How to start a business with little investment in the data era

    - Feb 18, 2019 12:36pm
    Hong Kong rents are the highest in the world, and this has discouraged many young people from starting their own businesses. But thanks to big data and artificial intelligence, it’s now possible for entrepreneurs to make...
  • FinFabrik to partner crypto exchange BitMEX in digitizing assets

    - Feb 18, 2019 10:20am
    Hong Kong-based financial technology startup FinFabrik announced last week the completion of its seed round of funding, led by BitMEX Ventures, an arm of the cryptocurrency exchange and derivatives trading platform BitMEX. Alex Medana, FinFabrik’s co-founder and...
  • OliveX launches fitness app that rewards users with crypto coins

    - Feb 15, 2019 3:33pm
    Earn money while you do workouts. Hong Kong-based fitness solutions startup OliveX has launched a “squat to earn cryptocurrency” challenge with Lympo Squat, an app powered by artificial intelligence that allows users to perform squats and...
  • Didi invests US$100 mln in India’s Oyo Hotels: report

    Feb 14, 2019 3:54pm
    Chinese ride-hailing behemoth Didi Chuxing has invested US$100 million in Indian hospitality startup Oyo Hotels & Homes, India’s Economic Times newspaper reports. The investment came amid a US$1 billion financing round led by Oyo’s existing backer...
  • China electric toothbrush maker Soocas raises fresh capital

    Feb 12, 2019 2:38pm
    Shenzhen-based Soocas, a technology company focusing on personal digital products for health care, has completed a Series C funding round worth 200 million yuan (about US$30 million). The financing round was led by Vision Knight Capital,...
  • Personal finance app gini welcomes competition from bank giants

    - Feb 8, 2019 2:47pm
    Hong Kong-based startup gini piloted last year a spending tracker app that allows users to bring together all their accounts and credit cards in one spot, enabling them to keep track of their finances conveniently. Recently,...
  • Tech legend Yat Siu doubles down on blockchain gaming

    - Jan 30, 2019 1:54pm
    Famed tech entrepreneur Yat Siu, who launched Hong Kong’s first internet provider and founded a conglomerate specializing in cloud and smartphone software, is riding high on the next big wave in the industry: blockchain technology. In...
  • Alibaba fund invests in financial social network StockViva

    - Jan 29, 2019 12:49pm
    Financial social platform StockViva has completed a Series A funding round that saw capital being raised from the Alibaba Entrepreneurs Fund.  The Alibaba fund invested in the Hong Kong-based startup, though the amount is not known, according...
  • Kik plans to challenge SEC over 2017 ICO: report

    Jan 28, 2019 3:21pm
    Kik Interactive, the entity behind the Kik messenger platform, plans to challenge an expected enforcement action from US Securities and Exchange Commission (SEC) over the Canada-based firm’s initial coin offering (ICO), the Wall Street Journal reports. In...
  • Hong Kong logistics startup Lalamove enters India

    Jan 23, 2019 1:38pm
    Hong Kong logistics startup Lalamove is expanding its on-demand delivery services to India, Tech in Asia reports, citing Blake Larson, the company’s managing director (international).  The move follows its fast expansion into Southeast Asian countries such as...
  • Indonesian micro-retail tech startup raises fresh funds

    Jan 22, 2019 12:46pm
    Warung Pintar, an Indonesia-based startup focusing on micro-retail technology, has completed a Series B funding round worth US$27.5 million as it seeks to help more street vendor shops digitize their businesses. The fresh capital comes from...
  • CryptoBLK lures bank giants to bring blockchain to trade finance

    - Jan 21, 2019 4:19pm
    In October 2015, The Economist published a much-discussed report on blockchain, featuring the topic on the magazine’s cover along with the tag line “The Trust Machine: How the technology behind Bitcoin could change the world.” Since...
  • Bullet releases new chat app, joining other WeChat challengers

    Jan 16, 2019 4:06pm
    Bullet Message, a Chinese messaging startup that has signaled ambitions to challenge WeChat’s dominance in the market, has introduced a new app-based networking service called “Liaotianbao”. Released on Tuesday, Liaotianbao, roughly meaning “a nice tool for...
  • How a popular TV drama boosted HK startup MailTime

    - Jan 11, 2019 2:14pm
    After the excitement generated by its US$40 million initial coin offering (ICO), Hong Kong-based email messenger service MailTime finds itself contending with the cryptocurrency market crash and the venture capital winter. The startup, which created an...
  • SoftBank said to have scrapped plan to buy most of WeWork

    - Jan 9, 2019 2:10pm
    Japanese tech and telecom heavyweight SoftBank is pouring more capital into US-based co-working space giant WeWork to fuel its global expansion.  However, it has withdrawn a plan to invest US$16 billion to buy most of WeWork, and...
  • ICE-owned crypto startup Bakkt gets Li Ka-shing on board

    Jan 8, 2019 12:21pm
    Hong Kong billionaire Li Ka-shing has joined other tech and venture capital heavyweights in supporting cryptocurrency venture Bakkt in its first funding round. The startup, backed by Intercontinental Exchange (ICE), the parent company of the New York Stock...

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