Date
20 August 2018

startup

  • Ofo urges SF authorities to revisit bike-sharing permit decision

    Jan 25, 2018 6:58pm
    Bicycle-sharing startup Ofo has written to transport authorities in the US city of San Francisco to reconsider their decision to deny a permit to the Beijing-based firm.  In a letter to the San Francisco Municipal Transportation Agency...
  • SoftBank leads US$865 mln investment in construction startup

    Jan 25, 2018 1:50pm
    SoftBank’s US$100 billion Vision Fund is leading an US$865 million investment in Katerra, a technology startup that uses an assembly-line-like system to construct houses and commercial buildings, the Wall Street Journal reports. The three-year-old startup positions itself as...
  • Global VC investment in 2017 totaled US$155 bln: report

    Jan 24, 2018 6:36pm
    Venture capital (VC) investment across the world totaled US$155 billion in 2017, according to the latest edition of Venture Pulse, a quarterly report on worldwide VC trends published by KPMG Enterprise.  In the fourth quarter, there...
  • Google, Tencent join US$15 million funding for pharma startup

    Jan 24, 2018 3:56pm
    Alphabet Inc.’s Google, Tencent Holdings Ltd. and Sequoia Capital China have joined a US$15 million B series funding round for Boston- and Shenzhen-based artificial intelligence (AI) pharmaceutical firm XtalPi Inc., Reuters reports. Sequoia led the round, which...
  • Uber to be profitable within three years, CEO says

    Jan 24, 2018 1:01pm
    Despite its record loss and high cash burn rate, Uber Technologies’ chief executive Dara Khosrowshahi expects the company to become profitable in three years, Bloomberg reports. Uber will be able to turn a profit as the ride-hailing...
  • Singapore firm buys Indonesia property listings site UrbanIndo

    Jan 22, 2018 6:05pm
    Singapore property listings startup 99.co has acquired UrbanIndo, one of the largest property sites in Indonesia. The acquisition will add UrbanIndo’s 1.2 million active property listings to 99.co’s 150,000 in Singapore, tech industry news website Tech...
  • AI startup Rokid raises US$100 million in funding led by Temasek

    Jan 19, 2018 5:14pm
    Rokid, a Chinese robotics startup, has secured US$100 million in a Series B extension round of funding, led by Singapore’s state-owned Temasek Holdings. The company did not disclose the amount it raised, nor its market valuation...
  • Startup Fano Labs uses AI to understand Chinese dialects

    - Jan 19, 2018 2:23pm
    Horizons Ventures, billionaire Li Ka-shing’s private investment arm, has announced an investment in artificial intelligence (AI) startup Fano Labs, the firm’s first bet on a Hong Kong-based company. Fano Labs chief executive and co-founder Miles Wen recently...
  • Ponhu-Luxury raises 100 mln yuan for TRUETRUE trading platform

    Jan 16, 2018 6:40pm
    Ponhu-Luxury, which operates TRUETRUE (www.52Panghu.com), a trading platform for second-hand luxury goods, has raised 100 million yuan (around US$15 million) in a Series A funding round. The investors were led by Trinity Capital and include 1898 Venture Capital and...
  • AdAsia launches AI-driven recruitment platform

    - Jan 16, 2018 12:10pm
    AdAsia, a provider of end-to-end solutions in artificial intelligence (AI) and marketing, has launched a new service: TalentMind, an AI-driven human resource technology platform. TalentMind is a software that streamlines and enhances the recruitment and hiring...
  • Dropbox files confidentially for US IPO: report

    Jan 12, 2018 4:07pm
    Cloud-storage services company Dropbox has filed confidentially for a US initial public offering, according to Bloomberg. The listing, expected in the first half of this year, will be led by Goldman Sachs and JP Morgan, the...
  • Should I give my personal data to a startup?

    - Jan 12, 2018 11:35am
    Hong Kong’s startup scene has been booming in recent years. Whether you are looking for personal services, like storage, education, repair, travel, banking, and biking; or business-related offerings, like IT support, cloud, security, and HR solutions,...
  • China becomes top 5 US patent recipient for first time

    - Jan 11, 2018 12:32pm
    China has vaulted into the list of the top five recipients of US patents for the first time, after mainland entities saw a ten-fold surge in less than 10 years in the number of patents they...
  • HK startup shows the way toward ‘smart’ glass

    Jan 10, 2018 6:23pm
    A Hong Kong startup has rolled out a smart-film product that can easily turn an ordinary glass into a frosted and opaque one and allows the glass to serve as a display monitor. Film Players Ltd.,...
  • Graphic design firm Canva becomes Australia’s first unicorn

    Jan 9, 2018 3:20pm
    Canva, an Australian supplier of graphic design software, has raised US$40 million in its latest funding round, with the new investors led by Sequoia Capital China. The latest investment makes the Sydney-based design firm the country’s only...
  • China tech firms raised record US$58 billion in 2017

    - Jan 9, 2018 1:42pm
    China’s startups and tech giants raised an all-time high of US$58.8 billion in disclosed investments last year, topping the 2016 record of US$2.7 billion, Tech in Asia data shows. Chinese ride-sharing giant Didi Chuxing raised the...
  • The $64 question facing startup founders and would-be founders

    - Jan 9, 2018 12:10pm
    As StartmeupHK (http://www.startmeup.hk/), Hong Kong’s annual flagship startup event, gets set for its 2018 lineup of programs and events later this month, we examine a core question that underlies the very startup process: deciding to pursue...
  • Telegram eyes multibillion dollar ICO this year

    Jan 9, 2018 10:24am
    Encrypted messaging startup Telegram will launch its own blockchain platform and cryptocurrency, technology news publisher TechCrunch reports, citing sources familiar with the matter. The initial coin offering (ICO) is planned to be launched in 2018. The...
  • 8 Securities banks on robo-advisor, free trading to lure clients

    - Jan 8, 2018 12:57pm
    Local fintech startup 8 Securities launched Hong Kong’s first artificial intelligence financial advisor and wealth management app in late 2016. About a year after App Chloe’s launch, the robo-advisor has generated an impressive return of over 16...
  • Dual-class listing plans draw interest from local startups

    - Jan 5, 2018 12:47pm
    Hong Kong Exchanges and Clearing (HKEx) has announced a proposal to allow the listing of “new economy” companies with dual-class share structure, and a revised listing rule for biotech companies with no track record of profitability....

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