Date
20 July 2019

startup

  • Airbnb in talks to invest in Indian hotel startup Oyo: report

    Mar 20, 2019 6:26pm
    Home-rental giant Airbnb is in talks to invest in Indian budget hotel management startup Oyo Hotels, tech media company The Information reports, citing sources familiar with the matter. If it materializes, the deal would be another...
  • Bitspark touts the benefits of its HKD-backed stablecoin

    - Mar 20, 2019 11:08am
    Following a crash in prices of cryptocurrencies and a cooling in investor frenzy, the sector has seen a new star emerge on the horizon: “stablecoins”. In February, US-based investment bank JPMorgan Chase announced that it is...
  • Institutional market seen key to bringing crypto sector back up

    - Mar 18, 2019 11:19am
    With the rise of cryptocurrencies around the globe, there have been quite a few cases of hacker attacks on crypto exchanges, causing significant losses in the industry. According to a Reuters report, over US$927 million worth...
  • Crypto security firm Ledger sees big Asia opportunities

    - Mar 18, 2019 11:13am
    Given multiple incidents of security breaches and hacks in crypto exchanges in recent years, securing the cryptocurrency wallet has become a growing concern for crypto investors. Amid this situation, Ledger, a Paris-headquartered cryptocurrency security firm known...
  • African e-commerce unicorn Jumia files for US IPO

    Mar 14, 2019 3:32pm
    African online retailer Jumia Technologies has filed for an initial public offering (IPO) in New York, planning a share sale that could value the firm at US$1.6 billion or more. If the plans for a listing...
  • Adventures in Greater Bay Area: Startup founders offer tips

    - Mar 8, 2019 1:40pm
    The Greater Bay Area is the Chinese government’s master plan for Hong Kong, Macau, and nine cities in Guangdong Province, with an aim to build a business and technology hub. The scheme brought excitement to many...
  • Uber HK launches taxi-partnership service despite early setback

    Mar 6, 2019 2:19pm
    Uber’s Hong Kong unit on Tuesday launched a new taxi-partnership service in the city even as a partner pulled out at the last minute, reportedly under pressure from other taxi service operators. With the “Uber Flash” service,...
  • Singapore state-owned fund invested in Coinbase: report

    Mar 5, 2019 12:13pm
    Singapore state wealth fund GIC was among the entities that had backed the US$300 million funding round of US cryptocurrency exchange Coinbase last year, according to Bloomberg. Coinbase, one of the largest platforms for buying and selling...
  • Ant Financial leads funding for rental housing startup Danke

    Mar 4, 2019 12:21pm
    Ant Financial, Alibaba’s payment and financial technology arm, has invested in mainland rental housing platform Danke Apartment in a funding round it co-led with existing investor Tiger Global Management. The completion of the US$500 million Series...
  • SoftBank’s Vision Fund bets US$1.5 bln on China used-car startup

    Mar 1, 2019 2:27pm
    Tencent-backed Chehaoduo Group, the parent company of second-hand vehicles trading platform Guazi.com, said it has agreed to a US$1.5 billion investment from SoftBank’s mega tech investment vehicle Vision Fund. Chehaoduo, which is roughly translated as “lots of...
  • HK$5.5 billion allocated for development of Cyberport 5

    Feb 28, 2019 4:15pm
    Financial Secretary Paul Chan Mo-po has earmarked HK$5.5 billion for the development of the fifth phase of Cyberport, a government-owned complex in Telegraph Bay with a cluster of technology and digital content tenants. The amount, combined with...
  • London Stock Exchange bets on finance tokenization startup

    Feb 28, 2019 2:32pm
    London Stock Exchange Group (LSEG) led a US$20 million funding round for a financial technology startup that enables companies to issue financial instruments on the blockchain, a move that shows growing interest among mainstream finance players in...
  • Is JPMCoin a cryptocurrency?

    - Feb 26, 2019 11:52am
    Despite a major selloff of popular cryptocurrencies such as Bitcoin and Ethereum, the market has seen a boom in “stablecoin” initiatives in the fast-moving crypto sector, as investors sought out cryptocurrency whose value is pegged to...
  • 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...

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