Date
20 June 2019

startup

  • Airbnb’s China head exits after just four months

    - Oct 25, 2017 3:22pm
    The head of Airbnb’s China business has left the company after only four months in the position, Bloomberg reports. His departure reflects the struggle Airbnb faces in China, where foreign players are humbled by protectionist laws and...
  • Scientists to lead the next wave of startups

    Oct 25, 2017 10:43am
    In her first policy address earlier this month, Chief Executive Carrie Lam Cheng Yuet-ngor proposed allocating more resources to innovation and technology.  In response, Ironfire Ventures managing partner Richard Chan discussed with StartUpBeat of the Hong...
  • HK-based SenseTime to challenge US tech giants

    - Oct 24, 2017 1:43pm
    Hong Kong-based technology firm SenseTime Group has announced a tie-up with Qualcomm Technologies Inc., a unit of Qualcomm Inc., to collaborate on artificial intelligence (AI) and machine learning for future mobile and internet of things (IoT)...
  • It’s people that matter when investing in startups

    Oct 24, 2017 12:30pm
    Chief Executive Carrie Lam Cheng Yuet-ngor announced in her maiden policy address on Oct. 11 that she would chair a Steering Committee on Innovation and Technology to handle directly Hong Kong’s innovation and technology development projects....
  • How a startup aims to hit the spot on energy conservation

    - Oct 23, 2017 2:07pm
    The perennial problem of how to encourage consumers to change their behavior to be more energy efficient is one that has engaged the industry and government for far too long. Instead of persuading consumers with hard...
  • HK should embrace opportunities thrown up by sharing economy

    - Oct 23, 2017 10:05am
    InvestHK, the government vehicle designed to attract foreign investment, introduced car-hailing app Uber into Hong Kong in 2014. But Uber’s expansion in the city has been stalled after police raids on the company’s offices and arrest...
  • Startup Council showcases 7 IoT firms under STARS program

    - Oct 20, 2017 3:46pm
    Hong Kong Startup Council on Thursday hosted an event that saw seven startup members under the agency’s STARS Programme showcase their products, technologies and services. During the Demo Day, the firms gave presentations and promoted their...
  • SenseTime teams up with Qualcomm for on-device AI push

    - Oct 20, 2017 2:46pm
    Hong Kong-based technology firm SenseTime Group has announced a tie-up with a Qualcomm subsidiary to drive the development and use of mobile phone chips with built-in artificial intelligence (AI) features. Under the deal, SenseTime will collaborate...
  • Investment in China VC sector jumps to over US$50 bln in 2016

    Oct 19, 2017 11:12am
    China’s venture capital sector has become the second largest in the world. Last year the market saw investments worth more than US$50 billion (around HK$390 billion), expanding 10 times from just US$5 billion in 2007, according...
  • Facebook acquires teen messaging app tbh

    - Oct 18, 2017 12:38pm
    Teens aren’t using Facebook like they used to, and Facebook knows that. So the social network giant has decided to acquire a company that is popular among teens, the positivity-focused polling startup tbh. Facebook will allow it...
  • ICOs giving venture capital firms a run for their money

    - Oct 17, 2017 10:00am
    Numerous startups worldwide have rushed to the initial coin offering (ICO) market to raise funds, and this trend may disrupt the long-time reliance on traditional venture capital, according to Heatherm Huang, founder of MailTime. ICO is...
  • Which emerging technology excites Tim Cook the most?

    - Oct 16, 2017 3:35pm
    If you are an entrepreneur and you have a VC (venture capital) company steering you toward a quick exit to a tech giant like Apple or Google, “you should get up and walk out of the...
  • Wireless charging: What are the risks?

    - Oct 16, 2017 10:12am
    Wireless charging is becoming a popular buzzword in the market, especially now that Apple has added it to its new iPhones, but what is it? To discuss issues related to this technology and the impact of...
  • Tax cut offers incentive to embrace a ‘slash’ career

    - Oct 13, 2017 4:33pm
    The tax breaks unveiled by Chief Executive Carrie Lam in her maiden policy address is great news for those who have embraced a slash career. Under the new tax plan, local companies will soon pay tax...
  • Israeli startup uses AI to predict risks at industrial plants

    Oct 13, 2017 10:14am
    There has been much discussion on how artificial intelligence (AI) can help create a better world. Among the various startups that are involved in such technologies is Israel-based Precognize, which is applying its knowhow to detect...
  • Startups: How HK and Shenzhen can complement each other

    - Oct 13, 2017 9:59am
    China has been at the forefront of the internet economy in recent years. Many tend to compare Hong Kong with its neighbor Shenzhen. Some believe the two cities are competing with each other, while others said...
  • Tujia expands in Japan as rivalry with Airbnb heats up

    Oct 12, 2017 3:15pm
    Tujia.com, a Chinese online vacation rental startup, plans to boost its presence in Japan to take advantage of the 2020 Tokyo Summer Olympics. Tomoko Suzuki, chief executive of Tujia’s Japanese unit, said the company also sees...
  • Fundraising amount of US startups hits record in third quarter

    - Oct 11, 2017 4:47pm
    Startups in the United States recorded 225 deals of late-stage funding in the third quarter, the busiest period during the past year, the Hong Kong Economic Journal reports. The dollar amount came to US$21.75 billion, a...
  • Logistics startup Lalamove raises another US$100 mln

    - Oct 11, 2017 4:34pm
    Local logistics startup Lalamove said it has completed US$100 million worth of Series C funding, led by China’s ShunWei Capital, a venture capital firm co-founded by Xiaomi chief executive Lei Jun, who reportedly regards Lalamove as...
  • From pizza to salad: Robots are ready to make your next meal

    - Oct 10, 2017 3:36pm
    The rapid progress in computing power and technology is transforming the way all businesses work. Jobs that involve repetitive actions are most at risk of being “automated” and replaced. Just recently, fast food chain Domino’s Pizza...

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