Date
21 April 2018

startup

  • Chinese AI start-up SenseTime in no rush for IPO

    Nov 24, 2017 3:44pm
    Chinese artificial intelligence (AI) startup SenseTime Group, valued at more than US$2 billion, is planning an IPO but is in no particular rush, its founder told Reuters. The Hong Kong and Beijing-based firm is a leader among...
  • Fintech firm WeLab said to eye US$500 mln Hong Kong IPO

    Nov 24, 2017 2:50pm
    WeLab Ltd., a Hong Kong-based financial technology firm backed by billionaire Li Ka-shing and the Credit Suisse Group, aims to launch an initial public offering next year, Bloomberg reports. The online lender has picked banks to...
  • Game streaming firm Douyu TV raises 1 bln yuan, reports profit

    Nov 23, 2017 3:38pm
    Douyu TV, China’s version of Amazon.com’s live streaming video platform Twitch, says it has finalized its latest funding round without disclosing the amount raised. The Series D funding size is more than 1 billion yuan (US$150 million), raising the...
  • A startup develops tool to aid language devt in toddlers

    - Nov 23, 2017 9:33am
    The early years of learning are deemed critical for language and cognitive development among kids. Bearing this in mind, Hong Kong-based startup Oya Labs, formerly known as Vox Technology, has developed a device that helps monitor a...
  • Hanwha unit leads US$6.6 mln funding round of Tech in Asia

    Nov 22, 2017 12:59pm
    Tech in Asia, a Singapore-based media and events startup, has raised US$6.6 million in a new funding round led by a South Korean investment firm. The lead investor is Hanwha Investment and Securities, an affiliate of...
  • Eight firms make the final cut in DBS Accelerator program

    Nov 21, 2017 6:27pm
    Eight startups have emerged as finalists in the first phase of the latest DBS Accelerator program that aims to support innovations and entrepreneurship in the fintech arena. The eight finalists are Avoka, Dathena Science, FinChat, Metisa,...
  • Glint offers multi-currency account that supports gold spending

    Nov 21, 2017 9:47am
    An electronic payment app that allows people to pay for goods and services in gold has been launched by fintech firm Glint. Partnered with MasterCard and Lloyds Bank, London-based startup Glint launched on Monday its multi-currency...
  • Sharing economy: How a startup is focusing on travel gear

    - Nov 20, 2017 1:43pm
    Tapping into the micro-living trend in Hong Kong, a two-year-old startup named JOYO (formally known as Rent-a-Suitcase) offers a platform that allows customers to rent or loan out travel-related items ranging from suitcases and GoPro action...
  • China bike-sharing startup Bluegogo in deep crisis: reports

    Nov 17, 2017 5:24pm
    Bluegogo, one of China’s prominent bike-sharing startups, appears to be in a crisis and could be on the verge of going bust, reports say. The company, which operates around 700,000 bikes across China, is facing a...
  • How Generation Z can survive

    - Nov 17, 2017 3:28pm
    The 1980s generation used to describe the young generation, but they’re now approaching 40 years old. They are the old story and the new generation is up. Those who were born after 1995 are the new...
  • Hong Kong should stick to its value proposition

    - Nov 17, 2017 10:32am
    Hong Kong once played a leading role among Asia’s four “little dragons” — Taiwan, South Korea, Hong Kong and Singapore — in the early years of the digital economy, on back of its open economy and...
  • Mad Gaze: Hong Kong’s answer to Google Glass

    - Nov 16, 2017 1:43pm
    Mad Gaze, a Hong Kong-based startup which produces smart augmented reality (AR) headsets à la Google Glass, is betting on its innovative products to take on tech giants in the international market. Despite Google’s decision to...
  • Qualcomm invests in Mobike, SenseTime and other Chinese startups

    Nov 16, 2017 10:50am
    US chipmaker Qualcomm has revealed that it has invested in nine Chinese technology startups via the firm’s US$150 million China Venture Fund, TechCrunch reports. The investments made by the Venture Fund, which was announced in 2014, include firms...
  • QCI raises US$18 mln in series A round of financing

    Nov 15, 2017 6:28pm
    Quantum Circuits Inc. (QCI), a quantum computing startup founded in 2015, has recently raised US$18 million in a series A round of financing co-led by Sequoia Capital and Canaan Partners. The company aims to build and...
  • Bill Gates investment group puts US$80m into smart city project

    - Nov 15, 2017 11:36am
    Bill Gates wants to build a futuristic community in Arizona. A group associated with a Gates investment company has invested US$80 million in a high-tech planned development outside Phoenix, according to local news publication AZ Central....
  • Spotify now selling makeup inspired by music artists

    Nov 15, 2017 10:43am
    Spotify, the US$16 billion music streaming giant, is extending its merchandise partnership to allow artists to sell makeup and other products. The new service is the latest expansion of Spotify’s partnership with Merchbar, its current merchandise...
  • Meet 10Life, a startup that decodes insurance

    - Nov 14, 2017 11:20am
      A Hong Kong-based startup founded by experienced actuaries and insurance experts aims to decode complex insurance products into unbiased, easy to understand scores and rankings. Set up last year by three insurance professionals, 10Life helps...
  • Ridesharing could ease HK traffic congestion by 90%: study

    Nov 13, 2017 6:39pm
    Traffic congestion in Hong Kong could ease by as much as 90 percent if ridesharing takes root among the city’s citizens, a study says.  According to a report from Boston Consulting Group (BCG), Hongkongers are stuck...
  • Uber’s new Asia chief wants to work with govts and taxi firms

    - Nov 13, 2017 6:07pm
    Brooks Entwistle, who joined Uber as its chief business officer for Asia Pacific in August 2017, recently had an interview with TechCrunch. He revealed the company’s shift in strategy to partner with its former nemeses —...
  • Startup launches UnionPay card payment service for HK taxis

    - Nov 13, 2017 2:37pm
    Hong Kong commuters can now use their UnionPay cards to pay for taxi fares. One2Paid, a cashless payment solution startup under local fintech company CamClaim, has partnered with UnionPay International, China Mobile Hong Kong, K&R International...

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