Date
15 December 2018

startup

  • Ofo calls for self-regulation of HK bike-sharing industry

    - Oct 19, 2018 9:01am
    The bike-sharing trend has taken Hong Kong by storm – and appears to have subsided just as fast. Since last year, six bike-sharing operators have emerged in the city. But amid fast-paced expansion and intense competition, Gobee.bike went...
  • Uber eyes stake sale in self-driving car unit before IPO: report

    Oct 18, 2018 12:58pm
    Uber Technologies is considering selling minority stakes in its self-driving car unit, the Financial Times reported, in a move widely seen as an attempt to drive down the firm’s cost pressures ahead of an initial public...
  • HK e-wallet firm TNG acquires Malaysia’s Tranglo for US$28 mln

    Oct 16, 2018 2:33pm
    Hong Kong-based financial technology firm and e-wallet provider TNG has announced its acquisition of Tranglo Sdn Bhd, a cross-border mobile transaction firm, from Malaysian government-linked fund management firm Ekuiti Nasional Bhd (Ekuinas). TNG paid US$28 million...
  • Online supermarket Ztore.com secures US$8 mln Series B funding

    - Oct 16, 2018 1:22pm
    Ztore.com, a Hong Kong-based e-commerce startup selling groceries and home essentials, has completed an US$8 million Series B funding, led by Welight Capital and joined by Kwai Hung Group. Founded in 2015, Ztore.com mainly offers local...
  • What VCs look for in startups before writing the checks

    - Oct 12, 2018 5:27pm
    Entrepreneurs often turn to venture capital (VC) firms when they want to finance and grow their startups. VC firms can provide capital, strategic assistance, and other kinds of support to startups, in exchange for a portion...
  • Singapore to help crypto firms set up local bank accounts

    Oct 11, 2018 1:27pm
    The Monetary Authority of Singapore (MAS), the city-state’s central bank and financial regulator, is reportedly working on helping cryptocurrency firms set up local bank accounts and receive banking services. Ravi Menon, managing director of the MAS,...
  • China AI drug startup secures US$15 mln new funding from Sequoia

    - Oct 10, 2018 10:40am
    Deep Intelligent Pharma (DIP), a Chinese startup that offers artificial intelligence (AI) and blockchain technology for drug development, has raised US$15 million in Series B funding from Sequoia Capital China, according to reports. Leveraging the AI...
  • Tencent invests in Brazil fintech startup Nubank

    Oct 9, 2018 1:36pm
    Chinese internet giant Tencent (00700.HK) has acquired a minority stake in Nu Pagamentos SA, a Brazilian financial technology firm that offers virtual credit cards, in a deal worth US$180 million. The transaction marks Tencent’s debut in...
  • HK-born tech entrepreneur David Lee slam-dunks with HomeCourt

    - Oct 8, 2018 4:09pm
    When Apple introduced iPhone XS and iPhone XR during an event in September, the company also brought to the stage former NBA star point guard Steve Nash and David Lee, CEO and co-founder of HomeCourt maker...
  • Faraday Future seeks to scrap stake sale to Evergrande unit

    Oct 8, 2018 2:01pm
    Electric car startup Faraday Future, founded by tech entrepreneur Jia Yueting, is seeking arbitration to back out of a deal to sell a 45 percent stake to Hong Kong-listed Evergrande Health, according to an announcement from...
  • Deliveroo chief rules out sale amid Uber bid rumors

    Oct 5, 2018 2:56pm
    Rumors spread recently that Uber was in talks to buy Deliveroo, the British online food delivery service. But in an interview with Business Insider, Deliveroo’s co-founder and CEO Will Shu had firmly said that his company “is...
  • Google acquires AI-powered customer service startup Onward

    - Oct 4, 2018 4:33pm
    Google has acquired customer service automation startup Onward in a move to bolster its capabilities in artificial intelligence. The terms of the deal were not disclosed. Onward co-founders Rémi Cossart and Pramod Thammaiah, as well as...
  • Ripple’s cryptocurrency product goes into full commercial use

    Oct 4, 2018 2:51pm
    Ripple Labs, one of the most prominent startups developing the blockchain technology, said three financial institutions have signed up to use its cryptocurrency product for cross-border payments. Money transfer companies MercuryFX and Cualix, and financial firm Catalyst...
  • SoftBank to invest in Baidu online education spin-off

    - Oct 3, 2018 1:57pm
    Japan’s SoftBank Vision Fund is reportedly in talks with Chinese online education startup Zuoyebang, seeking to invest about US$500 million in the firm in a bid to gain a foothold in the country’s rapidly expanding internet...
  • Zoom Offices brings full online experience to office leasing

    - Sep 28, 2018 4:13pm
    Most companies seeking to lease offices still rely on the services of real estate agencies.  Hong Kong startup Zoom Offices wants to digitize this traditional lease model by providing an online platform that connects office property owners, operators,...
  • Stripe valued at US$20 billion in latest funding round

    Sep 27, 2018 1:03pm
    Payments startup Stripe said it has raised US$245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers, Reuters reports. The new funding round values San Francisco-based Stripe, whose...
  • Uber to cap trip pricing during major emergencies

    - Sep 27, 2018 10:56am
    Uber is making changes to its disaster response guidelines in a bid to ensure that its ride-hailing services respond in an appropriate manner in the event of a crisis like a hurricane or a terror attack....
  • Ambi Labs offers AI-enhanced air conditioning comfort

    - Sep 27, 2018 10:19am
    Ambi Climate, an air-conditioning control device developed by Hong Kong-based startup Ambi Labs, aims to deliver personalized indoor climate control through artificial intelligence (AI) technology. In an interview with the Hong Kong Economic Journal, the firm’s CEO,...
  • Singapore attracts US$7.8 billion venture funds over five years

    Sep 19, 2018 1:35pm
    According to the State of Southeast Asian Tech report published by Monk’s Hill Ventures and Slush Singapore last month, Singapore attracted US$7.8 billion of venture funds between 2013 and 2017. The report covered mainly six countries,...
  • How to win and retain customers

    - Sep 17, 2018 11:46am
    As I mentioned in a previous article, I had been invited to serve as a mentor for several startups from Mainland China and Hong Kong. The project is called the X-Plan and has been organized by...

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