Date
27 January 2020

startup

  • Uber rival Grab presses foray into digital payments

    Nov 3, 2017 9:21am
    Southeast Asian ride-hailing company Grab has taken a major step toward becoming a fintech player as the company rolled out its GrabPay service among third-party merchants. On Wednesday, Grab said users in Singapore can now pay...
  • Appetite for Indian tech startups shows sharp rebound

    - Nov 2, 2017 3:27pm
    Indian tech startups are becoming the new favorite of investors from China and Japan. They are expected to raise more than US$10 billion this year, more than double last year’s US$4.4 billion. Indian tech startups have...
  • China Airbnb rival Xiaozhu gets Jack Ma backing

    - Nov 2, 2017 1:16pm
    Chinese house-sharing platform Xiaozhu.com has raised US$120 million from investors led by Jack Ma’s Yunfeng Capital, Reuters reports. The latest fundraising has catapulted Xiaozhu to the status of a “unicorn startup”, the company said in a...
  • Singapore’s Carousell closes US$70-80 mln funding round: report

    Nov 1, 2017 10:10am
    Carousell, an e-commerce marketplace focused on Southeast Asia, has closed a Series C funding round worth US$70 million to US$80 million, according to tech industry news portal TechCrunch. The Singapore-based startup did not confirm the new funding...
  • Hongkongers snubbing local startups, says TNG founder

    - Nov 1, 2017 9:24am
    TNG Wallet, a local e-payment startup, has recorded rapid growth since its launch in November 2015. However, chief executive and founder Alex Kong said Hongkongers are snubbing local startups. In September, TNG FinTech Group announced the completion...
  • How will amending the law affect Airbnb operations in Hong Kong?

    - Oct 31, 2017 4:15pm
    According to media reports, the government is studying possible amendments to the Hotel and Guesthouse Accommodation Ordinance, which may have a huge impact on the local business of short-term lodging rental platform Airbnb. Simon Lee Chao-fu, convenor of...
  • TNG Wallet targets regional expansion

    - Oct 31, 2017 3:43pm
    There is a common belief that Hong Kong, despite its role as a top international financial center, is lagging far behind mainland China, Singapore and other major markets when it comes to cashless payment systems. But...
  • OBike taps geofencing in Singapore to address illegal parking

    Oct 31, 2017 10:08am
    Singapore-based bike-sharing startup oBike said it is implementing a geofencing feature for its shared bicycles, the company said in a news release. The move is to address concerns about unused bicycles obstructing rights-of-way and cluttering public...
  • Gaming firm Razer seeks US$550 million in Hong Kong IPO

    Oct 30, 2017 5:14pm
    US-Singaporean gaming hardware maker Razer on Monday launched an initial public offering in Hong Kong to raise up to US$550 million, IFR, a Thomson Reuters publication, reports. Headquartered in San Francisco, Razer has been backed by...
  • Startups from a woman founder’s perspective

    - Oct 30, 2017 3:33pm
    Busy people tend to ignore the basic needs of their bodies, especially when it comes to drinking water. That is why Groking Lab has developed Ozmo, a smart-bottle and app which track users’ beverage consumption and help...
  • How the startup ecosystem is set up to thrive

    - Oct 30, 2017 2:11pm
    Startups tell attractive and compelling stories that inspire a sense of endeavour and individual pursuit. They represent the unlikely hero that wins the day, the computer geek who builds a multimillion dollar empire from his parent’s...
  • Uber now offers a credit card

    - Oct 26, 2017 4:29pm
    Uber has transformed the way you get around. Now it is getting into the credit card business. The ride-sharing company announced it has partnered with Barclays Bank on a new Visa card, which will be available...
  • Klook raises US$60 mln with backing from Goldman Sachs

    - Oct 26, 2017 1:13pm
    Klook, a Hong Kong-based travel startup which runs an online and mobile concierge application for the best deals on travel attractions, tours and activities in Asia, said it has completed a US$60 million funding round that...
  • Co-working spaces seen grabbing big slice of HK office pie

    Oct 26, 2017 1:03pm
    With co-working spaces gaining in popularity, an industry player believes such shared and flexible facilities could amount to almost a third of the Hong Kong office market in less than 15 years from now.  Dominic Penaloza,...
  • 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...