Date
24 February 2019

startup

  • Shenzhen: tech knockoff hub or China’s Silicon Valley?

    - Nov 26, 2018 3:47pm
    Recently I took my students at Hong Kong University of Science and Technology to an incubation center in Shenzhen to explore the developments in our neighboring city. Known as China’s Silicon Valley of hardware, Shenzhen has...
  • Airwallex eyes more SMEs for international payments service

    - Nov 26, 2018 2:06pm
    Airwallex, a three-year-old fintech startup focused on international payments for businesses, is stepping up focus on Hong Kong and Southeast Asia, tapping small and medium enterprises in the region that seek to sell more goods in...
  • Zalora owner plans IPO, seeks up to US$2.85 billion valuation

    Nov 23, 2018 4:09pm
    Online fashion retailer Global Fashion Group (GFG), which owns fashion e-commerce platforms such as Zalora in Southeast Asia and The Iconic in Australia and New Zealand, plans to go public, Manager Magazin reported, citing unnamed insiders....
  • HK co-working space brand set to enter mainland market

    - Nov 23, 2018 3:31pm
    Riding the wave of the startup boom, operators of co-working spaces are aggressively expanding in mainland China and Hong Kong. Last week, Chinese unicorn UCommune announced it has raised US$200 million in its biggest capital-raising round as...
  • SoftBank puts more money into Indonesia’s Tokopedia: report

    Nov 22, 2018 4:03pm
    PT Tokopedia, which operates Indonesia’s dominant online marketplace, is raising US$1 billion from existing investors including SoftBank, Bloomberg reports, citing sources familiar with the matter. The latest fundraising deal values the firm at about US$7 billion,...
  • How a coding education startup got off the ground

    Nov 21, 2018 11:32am
    With an aim to transform traditional education, Cobo Academy, a Hong Kong-based startup co-founded by ex-Microsoft engineer Harris Chan, plans to provide children with early exposure to coding and robotics knowledge. “Digital education in Hong Kong...
  • Ping An invests in Berlin-based fintech incubator

    Nov 20, 2018 12:23pm
    Ping An Insurance Group (02318.HK) has invested in Berlin-based financial technology startup Finleap by participating in a funding round worth 41.5 million euros (US$47 million). Shenzhen-based Ping An, China’s largest insurer by market capitalization, made the investment...
  • Baidu leads US$302 million investment in elevator ad firm

    Nov 15, 2018 3:23pm
    China’s largest search engine Baidu Inc. led a 2.1 billion yuan (US$302 million) investment in Xinchao Media, a firm that displays advertisements in elevators. The fresh money from its latest funding round will give Chengdu-based Xinchao Media more ammunition...
  • Datum blockchain business won’t rely solely on token-economics

    - Nov 13, 2018 3:46pm
    (First of a two-part interview) Driven by the cryptocurrency mania, initial coin offerings have offered a new means for startups and projects to raise capital, with many tokens issued via ICOs reaching return rates of 10 and...
  • Data breaches raise public awareness of risks to privacy: Datum

    - Nov 13, 2018 3:45pm
    (Last of a two-part interview) In today’s era of big data, businesses are collecting, aggregating, and analyzing all kinds of personal data they collect from customers to aid commercial decision-making. On the other hand, users of...
  • SoftBank to invest in China bike-sharing firm Hellobike: report

    Nov 12, 2018 2:11pm
    SoftBank is in talks to invest in Chinese bike-sharing startup Hellobike, despite the sharp slowdown in the Chinese market following exponential growth last year, Reuters reports, citing people with knowledge of the matter. The two companies...
  • Ford buys e-scooter startup Spin to beef up mobility business

    Nov 9, 2018 8:30am
    Ford, one of America’s pioneering car manufacturers, has acquired e-scooter and bike-sharing startup Spin as part of efforts to beef up its mobility business. Financial terms were not disclosed in the announcement, but Reuters reported that the...
  • Tink Labs raising US$300 mln in new funding: report

    Nov 7, 2018 11:24am
    Tink Labs, a Hong Kong-based startup that offers free-to-use smartphones docked in hotel rooms, has launched a new funding round worth up to US$300 million, according to TechCrunch. Citing sources with knowledge of the plans, the...
  • Motao Box, the cashier-less wine shop, is coming to HK next year

    - Nov 6, 2018 6:24pm
    Cashier-less checkout systems are seen by many as the next big trend in the retail and grocery sector. In August, a Guangzhou-based technology firm launched Motao Box, a wine store without a cashier, in the mainland...
  • Online course provider edX to step up focus on SE Asia markets

    - Nov 5, 2018 1:11pm
    EdX, a nonprofit consortium founded by Harvard University and the Massachusetts Institute of Technology (MIT) in 2012, has been providing and hosting massive online open courses – known as MOOCs – from elite universities and institutions....
  • Meet Labway, a startup specializing in sea cucumber nutrients

    - Nov 2, 2018 5:18pm
    Hong Kong serves as an important gateway for distribution of seafood products into China and the surrounding region. In particular, the city is a major player in handling the distribution and other transactions related to sea...
  • Xiaomi warns Lyft over electric scooter operations: report

    Nov 1, 2018 2:21pm
    China’s Xiaomi, best-known for its low-cost smartphones and wearables, is also a major electric scooter maker that several shared electric scooter services in the US rely on, with the company’s scooters rebranded and made available across...
  • China’s Tencent, JD.com invest in Indonesia’s Go-Jek: report

    Oct 31, 2018 5:46pm
    Google, Tencent (00700.HK) and JD.com are said to be backing Indonesian ride-hailing startup Go-Jek in new financing worth a combined US$1.2 billion. The deal, if it goes through, would double Go-Jek’s valuation to over US$9 billion,...
  • Social e-commerce startup Goxip raises new funding led by Convoy

    - Oct 31, 2018 3:33pm
    Goxip, a Hong Kong-based social e-commerce startup, has raised US$1.4 million in a new funding round led by local financial advisory services firm Convoy, according to an announcement. Previous backers, including Chinese selfie and social sharing...
  • AI startup AnyMind draws investment from LINE, Mirai Fund

    Oct 30, 2018 3:53pm
    Artificial intelligence startup AnyMind Group announced Monday that it has completed a B round funding of US$13.4 million. Participants included LINE Corp, SPARX Group and Mirai Creation Fund, a fund backed by Toyota and Mitsui Bank,...

EJI Weekly Newsletter

Please click here to unsubscribe