Date
19 April 2018

startup

  • China’s Toutiao buys karaoke app Musical.ly for US$800 mln

    Nov 13, 2017 10:06am
    Musical.ly, the lip-synching app popular with teens and young people, has been sold to Chinese dominant news app Toutiao, TechCrunch reports, citing people familiar with the matter. Beijing ByteDance Technology Co., the company behind China’s top...
  • CEO Khosrowshahi says he wants Uber to go public by 2019

    - Nov 10, 2017 5:53pm
    Uber CEO Dara Khosrowshahi says he aims to launch the initial public offering of the car-sharing service by 2019, with the backing of co-founder Travis Kalanick and the board. Speaking at the New York Times’ DealBook conference...
  • Deliveroo adds local flavor to gain edge in food delivery race

    - Nov 10, 2017 3:39pm
    The battle for market share among food delivery services has heated up in Hong Kong. Major players such as Foodpanda, Deliveroo and UberEats are in a race to partner with the most ubiquitous eateries. Deliveroo general manager...
  • HK firm unveils electric trucks to promote green transportation

    Nov 10, 2017 1:47pm
    E Tech Dynamic Technology, a Hong Kong-based technology startup, unveiled two electric vehicles recently — a hybrid electric coach and a 16-ton pure electric truck. The hybrid vehicle, Hong Kong’s first plug-in hybrid electric coach, can...
  • BitTorrent inventor issues eco-friendly bitcoin competitor

    Nov 10, 2017 10:40am
    A single block of bitcoin transaction requires as much electricity as it takes to power a regular home for a week, and BitTorrent inventor Bram Cohen wants to fix that. The legendary coder has started a...
  • How Lazada can win Southeast Asia with Alibaba’s backing

    Nov 9, 2017 4:05pm
    Lazada has no pressure from parent Alibaba to become profitable, focusing instead on winning market share, chief executive Max Bittner said. “Southeast Asia, for them, is hugely exciting. They see it as big an opportunity as...
  • HKSTP wins China recognition as ‘State-level’ incubator

    - Nov 8, 2017 1:45pm
    China’s Ministry of Science and Technology has named Hong Kong Science and Technology Parks Corporation (HKSTP) as a “State-level Scientific and Technological Enterprise Incubator”, marking the mainland’s first such honor to a Hong Kong entity. The...
  • Greater Bay Area to become a mecca for Hong Kong innovators

    - Nov 7, 2017 4:13pm
    In Chief Executive Carrie Lam Yuet-ngor’s policy address last month, she expressed her ambition to turn Hong Kong into an international hub for innovation by grasping the opportunities arising from mainland China’s Greater Bay Area development....
  • Govt too slow on tech, says ‘father’ of wireless charging

    - Nov 6, 2017 3:16pm
    In her maiden policy address, Chief Executive Carrie Lam Cheng Yuet-ngor expressed her ambition to invest in and develop new technologies and products. However, Hong Kong lacks resources, according to Professor Ron Hui Shu-yuen, chair professor...
  • How technology is changing the tourism industry

    - Nov 6, 2017 12:49pm
    You might be overwhelmed with ads claiming to offer the best deals in travel bookings on TV or websites. Technology’s disruption to the tourism industry is not just in terms of pricing. The success of Klook,...
  • How data sharing stimulates possibilities for smart city

    - Nov 6, 2017 10:05am
    In this year’s policy address, Chief Executive Carrie Lam Cheng Yuet-ngor identified some key themes in the city’s innovation and technology development, with HK$700 million allocated to start turning Hong Kong into a smart city. To...
  • Bitcoin hits new high as Amazon registers cryptocurrency domains

    Nov 3, 2017 6:08pm
    Bitcoin prices hit a new record following a five-day surge that saw the digital currency move past the US$7,000 level. The cyber-currency got its latest impetus amid reports that e-commerce giant Amazon.com has registered a trio of...
  • Uber rival Grab presses foray into digital payments

    Nov 3, 2017 9:21am
    Southeast Asian ride-hailing company Grab has taken a major step toward becoming a fintech player as the company rolled out its GrabPay service among third-party merchants. On Wednesday, Grab said users in Singapore can now pay...
  • Appetite for Indian tech startups shows sharp rebound

    - Nov 2, 2017 3:27pm
    Indian tech startups are becoming the new favorite of investors from China and Japan. They are expected to raise more than US$10 billion this year, more than double last year’s US$4.4 billion. Indian tech startups have...
  • China Airbnb rival Xiaozhu gets Jack Ma backing

    - Nov 2, 2017 1:16pm
    Chinese house-sharing platform Xiaozhu.com has raised US$120 million from investors led by Jack Ma’s Yunfeng Capital, Reuters reports. The latest fundraising has catapulted Xiaozhu to the status of a “unicorn startup”, the company said in a...
  • Singapore’s Carousell closes US$70-80 mln funding round: report

    Nov 1, 2017 10:10am
    Carousell, an e-commerce marketplace focused on Southeast Asia, has closed a Series C funding round worth US$70 million to US$80 million, according to tech industry news portal TechCrunch. The Singapore-based startup did not confirm the new funding...
  • Hongkongers snubbing local startups, says TNG founder

    - Nov 1, 2017 9:24am
    TNG Wallet, a local e-payment startup, has recorded rapid growth since its launch in November 2015. However, chief executive and founder Alex Kong said Hongkongers are snubbing local startups. In September, TNG FinTech Group announced the completion...
  • How will amending the law affect Airbnb operations in Hong Kong?

    - Oct 31, 2017 4:15pm
    According to media reports, the government is studying possible amendments to the Hotel and Guesthouse Accommodation Ordinance, which may have a huge impact on the local business of short-term lodging rental platform Airbnb. Simon Lee Chao-fu, convenor of...
  • TNG Wallet targets regional expansion

    - Oct 31, 2017 3:43pm
    There is a common belief that Hong Kong, despite its role as a top international financial center, is lagging far behind mainland China, Singapore and other major markets when it comes to cashless payment systems. But...
  • OBike taps geofencing in Singapore to address illegal parking

    Oct 31, 2017 10:08am
    Singapore-based bike-sharing startup oBike said it is implementing a geofencing feature for its shared bicycles, the company said in a news release. The move is to address concerns about unused bicycles obstructing rights-of-way and cluttering public...

EJI Weekly Newsletter

Please click here to unsubscribe