startup

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...

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...

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...

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...

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...

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...

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...

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....

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...

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,...

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 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...

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...

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...

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...

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...

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...

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...

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...

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...