Date
24 April 2018

startup

  • Student-run stores at Lunar New Year Fair to go online

    - Feb 12, 2018 10:42am
    Lunar New Year Fair is a key feature of Chinese New Year celebrations in Hong Kong. The fair has both traditional flower stalls as well as pop-up stalls for various crafts and goods. It has in...
  • Bike-share firms don’t need regulation

    - Feb 9, 2018 6:13pm
    One year after the first bike-sharing firm began operations in Hong Kong, several new players have entered the market, igniting a fierce competition in the city. In the meantime, complaints about company practices and improper handling...
  • New financing platform energizes Hong Kong startup scene

    - Feb 6, 2018 12:15pm
    Can you imagine what Hong Kong will look like 10 or 20 years from now? By that time, can we still rely on the four major industries currently accounting for nearly 60 percent of GDP –...
  • Blackstone chief praises Masayoshi Son’s investment mettle

    Feb 2, 2018 6:34pm
    The head of the world’s biggest private equity firm paid tribute to Masayoshi Son, founder and chief executive of SoftBank Group Corp., for his investments in the field of technology. On a conference call with analysts...
  • HK fintech startups need partnerships to thrive: Emil Chan

    - Feb 2, 2018 12:20pm
    As dominant operators in China such as Alipay and WeChat Pay gear up to penetrate the lucrative Hong Kong mobile payment market, the scope of mobile payments, as well as fintech industry in general, in the...
  • China to overtake US as biggest investor in Israel

    - Feb 1, 2018 10:00am
    China will soon overtake the United States as the biggest foreign investor in Israel. That was the astonishing prediction made by the Jerusalem Post in December. In 2016, Chinese investment in the Jewish state reached a...
  • Goxip raises US$5 mln in funding round led by Meitu

    - Jan 31, 2018 12:14pm
    Goxip, a Hong Kong-based social shopping service, has raised US$5 million in a Series A funding round led by Chinese beauty-enhancing app developer Meitu (1357.HK), with participation from a fund controlled by Hong Kong property developer...
  • Different approaches to angel investing

    - Jan 31, 2018 11:20am
    The core of angel investing is about pouring money into an early startup by individual investors. This remains a constant theme. But how individuals choose to do such investment can vary greatly. By and large, the...
  • Airbnb to expand Experiences program to 200 US cities

    Jan 29, 2018 5:37pm
    Airbnb, the online marketplace that allows people to lease or rent short-term lodging including vacation rentals and homestays, has announced plans to grow its Experiences program. The American company plans to increase the number of cities in...
  • Alibaba, Foxconn in US$350 mln funding round for EV maker Xpeng

    Jan 29, 2018 4:37pm
    Chinese electric-vehicle manufacturer Xiaopeng Motors is closing a 2.2 billion yuan (US$350 million) funding round led by Alibaba Group, Foxconn Technology Group and IDG Capital, according to an announcement Monday. Other investors include Yunfeng Capital, China...
  • Bio-test startup Vitargent taps into China food safety concerns

    - Jan 29, 2018 2:41pm
    In China, food scandals such as food poisonings or contaminations crop up on a fairly regular basis, like the melamine incident in 2008 when tons of milk powder were found tainted with melamine, an industrial chemical,...
  • Fintech startups: A comparison of Israel and Hong Kong

    - Jan 29, 2018 12:33pm
    Israel is known as the ‘startup nation’ and more and more entrepreneurs there are turning their creativity to the FinTech arena. With the exception of Silicon Valley, Israel is the world’s top incubator for startups —...
  • Co-work 2.0: Facilitating business organizational restructure

    - Jan 26, 2018 3:53pm
    Co-working space or shared offices have become a popular solution for startups and freelancers. The Hong Kong Economic Journal recently sat down with Thomas Hui, co-founder of theDesk, a shared-office provider seeking to develop an inclusive...
  • Ofo urges SF authorities to revisit bike-sharing permit decision

    Jan 25, 2018 6:58pm
    Bicycle-sharing startup Ofo has written to transport authorities in the US city of San Francisco to reconsider their decision to deny a permit to the Beijing-based firm.  In a letter to the San Francisco Municipal Transportation Agency...
  • SoftBank leads US$865 mln investment in construction startup

    Jan 25, 2018 1:50pm
    SoftBank’s US$100 billion Vision Fund is leading an US$865 million investment in Katerra, a technology startup that uses an assembly-line-like system to construct houses and commercial buildings, the Wall Street Journal reports. The three-year-old startup positions itself as...
  • Global VC investment in 2017 totaled US$155 bln: report

    Jan 24, 2018 6:36pm
    Venture capital (VC) investment across the world totaled US$155 billion in 2017, according to the latest edition of Venture Pulse, a quarterly report on worldwide VC trends published by KPMG Enterprise.  In the fourth quarter, there...
  • Google, Tencent join US$15 million funding for pharma startup

    Jan 24, 2018 3:56pm
    Alphabet Inc.’s Google, Tencent Holdings Ltd. and Sequoia Capital China have joined a US$15 million B series funding round for Boston- and Shenzhen-based artificial intelligence (AI) pharmaceutical firm XtalPi Inc., Reuters reports. Sequoia led the round, which...
  • Uber to be profitable within three years, CEO says

    Jan 24, 2018 1:01pm
    Despite its record loss and high cash burn rate, Uber Technologies’ chief executive Dara Khosrowshahi expects the company to become profitable in three years, Bloomberg reports. Uber will be able to turn a profit as the ride-hailing...
  • Singapore firm buys Indonesia property listings site UrbanIndo

    Jan 22, 2018 6:05pm
    Singapore property listings startup 99.co has acquired UrbanIndo, one of the largest property sites in Indonesia. The acquisition will add UrbanIndo’s 1.2 million active property listings to 99.co’s 150,000 in Singapore, tech industry news website Tech...
  • AI startup Rokid raises US$100 million in funding led by Temasek

    Jan 19, 2018 5:14pm
    Rokid, a Chinese robotics startup, has secured US$100 million in a Series B extension round of funding, led by Singapore’s state-owned Temasek Holdings. The company did not disclose the amount it raised, nor its market valuation...

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