Date
15 September 2019

startup

  • Paxful sees huge crypto demand in developing markets

    - Apr 29, 2019 3:11pm
    While cryptocurrencies are on the rise, their susceptibility to speculative activities and resulting price volatility have reduced their appeal to investors, particularly in the United States, Europe and China. However, some crypto startups believe that emerging markets, where...
  • Bitfinex and Tether operators sued for suspected fraud

    Apr 26, 2019 3:08pm
    New York state authorities are suing the operators of cryptocurrency exchange Bitfinex and digital currency Tether, accusing them of using illicit transactions to cover up a loss of about US$850 million in funds from clients and...
  • Beon taps van owners for mobile advertising platform

    - Apr 26, 2019 10:37am
    Looking at various vehicles on the streets in Hong Kong, an idea popped in Emma Yu Ka-lai’s head: “We see buses and trams displaying colorful advertisements for passers-by to see. How about putting ads on other...
  • Tencent invests in Argentina mobile banking startup Uala

    Apr 25, 2019 11:28am
    Chinese internet giant Tencent Holdings (00700.HK) has invested in Argentine mobile banking startup Uala, signaling its growing interest in the Latin America fintech market. Uala revealed the Tencent investment this week without disclosing the actual amount....
  • ByteDance to invest US$1 bln in India despite TikTok setback

    Apr 23, 2019 12:57pm
    China’s ByteDance, the world’s most valuable startup, plans to invest US$1 billion in India in the next three years despite facing a setback in the market in relation to the short-video app TikTok. Bytedance remains “very optimistic”...
  • Oriente’s Prentice sees vast opportunities in Southeast Asia

    - Apr 15, 2019 3:07pm
    The financial technology (fintech) industry has not even scratched the surface of opportunities across Southeast Asia, says Geoff Prentice, co-founder of Hong Kong-based micro-lending startup Oriente. In 2017, Prentice, a Skype co-founder and its former chief...
  • Crypto startup Abra to make all-in-one global investing app

    - Apr 11, 2019 2:45pm
    US-based cryptocurrency startup Abra aims to be an all-in-one global investment app, according to founder Bull Barhydt. In a recent interview with EJ Insight, Barhydt, an early Netscape employee, shared his vision for the company he...
  • Travel activities platform Klook receives SoftBank funding

    Apr 10, 2019 11:15am
    Klook, a Hong Kong-based booking platform for in-destination tourism services, has announced the completion of a Series D+ funding round worth US$225 million led by SoftBank Vision Fund. The startup said in a press statement that...
  • Western Union partners with Go-Jek’s Philippine fintech startup

    Apr 8, 2019 4:17pm
    Philippine e-wallet provider Coins.ph announced a collaboration with global remittance giant Western Union to enable Filipinos to receive international and domestic money transfers directly from the latter’s global digital network. Recently acquired by fast-growing ride-hailing unicorn Go-Jek,...
  • China influencer platform Ruhnn raises US$125 mln in US IPO

    Apr 4, 2019 3:11pm
    Ruhnn, a startup that claims to be the largest internet key opinion leader (KOL) facilitator in China, has raised US$125 million in an initial public offering in the United States. The Chinese firm offered 10 million...
  • Alibaba buys Chinese project management software startup

    Apr 1, 2019 1:34pm
    Alibaba Group has acquired Teambition, a Shanghai-based startup that has developed a project collaboration management platform that can be used across office departments and business units, TechCrunch reports. In addition to the cloud-based team collaboration tool, Teambition...
  • China’s GoPro rival Insta360 plans IPO in 2020

    Mar 21, 2019 12:32pm
    Insta360, a Chinese firm that makes 360-degree cameras, announced the completion of its Series C-plus funding round as it revealed plans to launch a domestic initial public offering as soon as next year, CNBC reports. A rival...
  • 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...