startup

Steve Lau, a telecoms entrepreneur and angel investor in China who founded the Eagles Fund in 2012, is looking to seize opportunities in blockchain-related ventures for his tech-focused fund. Lau told the Hong Kong Economic Journal...

After his unsuccessful bid to become chief executive last year, former financial secretary John Tsang Chun-wah has found a new career in mobile technology. Tsang, 67, told the Hong Kong Economic Journal in an interview that...

Summer is a peak season for industry seminars. There are all sorts of start-up forums in Hong Kong, Taiwan, Singapore and other cities. The events offer a good platform for start-ups to promote themselves, as well...

In crowded Hong Kong, the co-working space industry has reached a critical mass, bringing in new trends to the business of providing affordable and flexible office spaces in the city. The Hong Kong Economic Journal recently...

Chinese internet giant Tencent Holdings has held discussions with OYO Rooms, an Indian budget hotel network, over a potential investment, according to an Indian media report. The Times of India reported on Tuesday, citing sources, that...

In a recent survey, respondents rated Hong Kong as the third best place to start a company. The study, Transforming Hong Kong Through Entrepreneurship, was jointly carried out by KPMG China and the Alibaba Hong Kong...

With the rise of unicorns (i.e., companies with private valuations of at least US$1 billion), startups are sucking up more investor money than ever before. Based on projections from startup database Crunchbase, the second quarter of 2018...

Hong Kong is coping with an ageing population. By 2041, almost one in three people in the city will be aged 65 or above, up from just 16 percent last year, showing the urgent need to...

Founded in 2008, Hong Kong-based 9GAG has established itself as a place where one can find amusing and viral content in Asia, and even worldwide. The Hong Kong Economic Journal recently invited Ray Chan, co-founder and chief executive of...

Earlier this week, 28 Uber drivers were convicted of providing car-hire services without permits at the Kowloon City Magistrates’ Courts, and were fined between HK$3,800 and HK$4,500. In his ruling, Magistrate Joseph To Ho-shing said the...

Roblox, a video-game app that is wildly popular with younger players, expects to pay out as much  US$70 million to content creators this year, compared with such spending of about US$30 million in 2017. The California-based firm...

Blockchain platform startup Block.one said it has closed a new funding round led by the tech billionaire Peter Thiel and Bitmain, a Chinese startup dominating the bitcoin mining industry. The amount raised is not disclosed in...

Following the meteoric surge of cryptocurrencies such as bitcoin, many businesses have shown heightened interest in the blockchain technology behind those virtual currencies and have sought to harness its potentials. The growing interest in the technology...

Gobee.bike, Hong Kong’s first bike-sharing service provider, has shut down the business after its launch in April last year. The bike-sharing business model can’t sustain itself. It has succeeded in mainland China because internet giants like...

Initial coin offerings (ICO), a new way of raising capital by selling virtual tokens to investors in a new company, raised US$11.8 billion this year through May, more than double the US$5.5 billion raised in the...

Chinese coffee chain Luckin has become a member of the so-called unicorn club following a fund-raising exercise that saw the startup fetch lofty valuation. The Beijing-based firm successfully completed a Series A funding round worth US$200...

Gobee.bike, Hong Kong’s first station-less bicycle sharing company, which allows people to rent and drop off a bicycle around the city through a mobile app, is putting an end to its operations as it seeks to...

With a stated aim of making local produce easily accessible to consumers, online marketplace Jou Sun is helping Hong Kong people who wish to buy fresh and cheap food directly from the producers. Founded in 2015,...

Daily-deals website Groupon is looking for a buyer after operating as an independent company for about 10 years, according to Recode.  Executives and bankers of the Chicago-based firm have been especially aggressive last month contacting several public...

Founded in 2013, online lending platform WeLab is one of the fastest growing startups in the region, and is now gearing up for an initial public offering (IPO) in Hong Kong. The fintech unicorn rides on...