Posts filtered by tags: Hong Kong[x]


Presso shifts focus to clothing disinfecting for film studios amid COVID-19 concerns

The Presso team first piqued my interest in a trip to Hong Kong last summer. The startup promised a clever approach to dry cleaning that involved setting up robotic kiosks in hotel hallways. The product is aimed at traveling business people looking for a quick clean of rumpled up clothing ahead of an important business meeting. Best of all, it cuts out pricey hotel laundry services. Obviously, a lot has changed in late-August, and like many others, the team has attempted to find a way to lev...
Tags: Startups, Hong Kong, Hardware, California, Cdc, India, Tech, Gavin Newsom, Coronavirus, COVID-19, COVID, Presso, Nishant Jain, Disney Marvel HBO CBS

The Country with the Best Covid-19 Response? Mongolia.

Several countries have had solid responses to the Covid-19 pandemic: Taiwan, South Korea, New Zealand, and Hong Kong. But Indi Samarajiva thinks we should be paying much more attention to Mongolia, a country of 3.17 million people where no one has died and no locally transmitted cases have been reported.1 Let’s have that again: 3.17 million people, 0 local cases, 0 deaths. How did they do it? They saw what was happening in Wuhan, coordinated with the WHO, and acted swiftly & decisively in Janu...
Tags: Google, Asia, Hong Kong, England, Sweden, China, Spain, United States, Italy, Brazil, Who, Mongolia, Wuhan, Jason Kottke, Hubei, Hubei Province

China’s food delivery giant Meituan hits $100B valuation amid pandemic

Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in 2013 and 2014 . Tencent-backed Meituan saw shares rally to HK$138 ($17.8) on Tuesday after it earmarked a smaller-than-projected decrease in revenue during Q1 and a net loss ...
Tags: Asia, Hong Kong, China, Tech, Alibaba, Tencent, Earnings, Meituan, HK, COVID

China Roundup: A blow to US-listed Chinese firms and TikTok’s new global face

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a tumultuous week for Chinese tech firms abroad: Huawei’s mounting pressure from the U.S., a big blow to U.S.-listed Chinese firms, and TikTok’s high-profile new boss. China tech abroad Further decoupling Over the years, American investors have been pumping billions of dollars into Chinese firms listed in the U.S., f...
Tags: TC, Asia, Hong Kong, Europe, China, Disney, US, Tech, Beijing, Alibaba, Xiaomi, Vodafone, SEC, Alibaba Group, Baidu, Huawei

Social Distancing Is Not Enough

We will need a comprehensive strategy to reduce the sort of interactions that can lead to more infections. The Atlantic: COVID-19 has mounted a sustained attack on public life, especially indoor life. Many of the largest super-spreader events took place inside -- at a church in South Korea, an auditorium in France, a conference in Massachusetts. The danger of the indoors is more than anecdotal. A Hong Kong paper awaiting peer review [PDF] found that of 7,324 documented cases in China, only one o...
Tags: South Korea, Hong Kong, Japan, France, China, Massachusetts, America, Tech, Atlantic

Winners in Motion/Film/Gaming Craft, Publication Design Announced for ADC 99th Annual Awards

A total of 68 Cubes were presented in Motion/Film/Gaming Craft and Publication Design on the fourth day of the week-long online ADC 99th Annual Awards, the world’s longest continually-running show celebrating excellence in craft and innovation in all forms of design and advertising. Best of Discipline winner in Motion/Film/Gaming Craft was TBWA\Media Arts Lab with Pulse Films and Framestore, all in Los Angeles, for Apple “Bounce”.   In Publication Design, FCB Chicago with Lord + Th...
Tags: Apple, Hong Kong, New York, Berlin, Advertising, Los Angeles, Chicago, Art and design, Paris, Lord Thomas, Philadelphia, The New York Times, Thom Yorke, Helsinki, Mercedes Benz, TBWA \ Media Arts Lab

M17 sells its online dating assets to focus on live streaming

M17 Entertainment announced today that it has sold its online dating assets to focus on its core live streaming business in Asia and other markets. Paktor Pte, which operates Paktor dating app and other services, was acquired by Kollective Ventures, a venture capital advisory firm. The value of the deal was undisclosed. In its announcement, Taipei-based M17 said the sale will allow it to focus on expanding its live streaming business in markets including Taiwan, Japan and Hong Kong. Earlier t...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, Japan, Tech, Taiwan, United States, Middle East, Online Dating, Paktor, New York Stock Exchange, Taipei, Live Streaming, Koo

Steamy Kitchen Update

Hello my friends! How are you? 1. oooooooohhhh…I’m so excited!!!  Last week I mentioned that I commissioned a local professional tailor to produce 3,000 face masks.  THREE THOUSAND. Why?  I got tired of seeing ads for sub-par face masks that were made in a Chinese factory.  I’m not anti-Chinese (hey, I’m Chinese, born in Hong Kong…and I’ve been an American citizen since I was an itty bitty kid), but I strongly believe in supporting American craftsmen and women.  And I def...
Tags: Hong Kong, Usa, California, China, Walmart, Anthropology, Las Vegas, Lenovo, Duke, Costco, Macy, Lake Mead, Houston TX, Denise, Burnaby, Las Vegas Nevada

Following multiple scandals including Luckin Coffee, Nasdaq ready to tighten rules on IPO listings

Chinese stocks have seen the highest highs and the lowest lows in recent weeks. While the country suffered the first economic shocks of the novel coronavirus that originated in Wuhan, China’s aggressive containment strategy has allowed the country to reopen in recent weeks, sending stocks at least temporarily to multi-year highs. Yet, those bold numbers aren’t always what they seem. Multiple scandals in recent weeks have raised serious questions about the state of Chinese accounting practices, a...
Tags: Asia, Hong Kong, Finance, China, Tech, Alibaba, SEC, Nasdaq, TSMC, Coo, Reuters, MSCI, ADR, US China, Wuhan China, TAL Education Group

You Don’t Need Invasive Tech for Successful Contact Tracing. Here’s How It Works.

This story first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. I want you to mentally prepare yourself for a phone call that you could receive sometime over the course of this pandemic: in the next few months or year. Your phone might ring, and when you pick it up, you may hear someone say, “Hi, I’m calling from the health department.” After verifying your identity, the...
Tags: Apple, Google, South Korea, Hong Kong, Utah, New York, News, California, Cdc, Boston, Massachusetts, New York City, America, Georgia, Spain, United States

As Jack Ma and SoftBank part ways, the open and globalized era of tech comes ever closer to an end

It would be one of the greatest startup investments of all time. Masayoshi Son, riding high in the klieg lights of the 1990s dot-com bubble, invested $20 million dollars into a fledgling Hong Kong-based startup called Alibaba. That $20 million investment into the Chinese ecommerce business would go on to be worth about $120 billion for SoftBank, which still retains more than a quarter ownership stake today. That early check and the rise, fall, and rise of Son and Alibaba’s Jack Ma helped t...
Tags: Asia, Hong Kong, Europe, Japan, China, Softbank, US, Tech, Bloomberg, United States, United Kingdom, Arizona, Alibaba, ARM Holdings, Alibaba Group, Huawei

Second Waves Are Plaguing Asia's Virus Recovery

An elderly woman with no travel history. An unexpected flare-up in a nightclub. A swelling cluster in towns near international borders with no discernible source. After containing their outbreaks through measures from strict lockdowns to rapid testing regimes, the Asian economies that have seen some of the most success quelling the coronavirus -- Hong Kong, South Korea and China -- are now facing resurgences that underscore how it may be nearly impossible to eradicate it. From a report: It's a p...
Tags: Hong Kong, China, Tech, City University, Nicholas Thomas, Hong Kong South Korea

New Solar Panels Suck Water From Air To Cool Themselves Down

sciencehabit shares a report from Science Magazine: Like humans, solar panels don't work well when overheated. Now, researchers have found a way to make them "sweat" -- allowing them to cool themselves and increase their power output. In recent years, researchers have devised materials that can suck water vapor from the air and condense it into liquid water for drinking. Among the best is a gel that strongly absorbs water vapor at night, when the air is cool and humidity is high. The gel -- a mi...
Tags: Hong Kong, Tech, Wang, Polytechnic University, Peng Wang

Once rivals, secondary market player Forge is acquiring Sharespost in a $160 million cash-and-stock deal

Even amid a pandemic, there’s a race on to create a powerful, global private securities marketplace where private shares are traded as freely as public company shares on the Nasdaq . In one lane is Carta, an eight-year-old maker of cap table management software with big ambitions to create a kind of private company stock market, one that the startup tells the Financial Times could debut this summer. Nasdaq itself is in the race, having acquired in 2015 an earlier broker of private shares calle...
Tags: TC, Hong Kong, Tech, Venture Capital, Airbnb, Nasdaq, Financial Times, Forge, Rodrigues, Carta, Industry Ventures, Greg Brogger, SharesPost, Secondaries, Equidate, EquityZen

The 20 billion-dollar startups to watch that are revolutionizing healthcare in 2020

2020 is shaping up to be a bumpy year for startups as they navigate the financial fallout of the coronavirus pandemic. Even so, through the first few months of the year, healthcare startups managed to raise hundreds of millions, with some hitting unicorn status.  There are 20 healthcare startups that have reached unicorn status, or the $1 billion and over valuation mark, according to valuations determined by PitchBook, CB Insights, and Business Insider's reporting. Click here for more BI Prime...
Tags: Google, Hong Kong, Florida, New York, Minneapolis, Obama, California, Boston, Softbank, Groupon, US, San Francisco, Trends, Chicago, Humira, Bill Gates

Xiaomi launches Mi Commerce in India to boost sales amid lockdown

Xiaomi today launched a new e-commerce service in India that allows people in the nation to easily browse and order its handsets and other products from nearby physical retail stores as the Chinese giant rushes to kickstart its sales in its biggest overseas market. Dubbed Mi Commerce, the service allows people to locate nearby stores that are either run by Xiaomi or those that have tie-ups with the company and browse smartphones, TVs, electric lamps, and a range of other products. Users can e...
Tags: Amazon, Gadgets, Facebook, Ecommerce, Asia, Hong Kong, India, Samsung, Tech, Walmart, Xiaomi, New Delhi, Vivo, Counterpoint, Coronavirus, COVID-19

Oriente raises $50 million to continue building its infrastructure for digital financial services

Oriente, a Hong Kong-based startup that develops tech infrastructure for digital credit and other online financial services, has raised $50 million for its ongoing Series B round. The funding was led by Peter Lee, co-chairman of Henderson Land, one of Hong Kong’s largest property developers, with participation from investors including website development platform Launched in 2017 by Geoff Prentice, one of Skype’s co-founders, Hubert Tai and Lawrence Chu, Oriente focuses on markets th...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, Indonesia, Southeast Asia, Samsung, Tech, Philippines, Financial, Vietnam, Skype, Fintech, Oriente, Peter Lee

Manufacturing startup Divergent 3D reduces staff by one-third

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Founder and CEO Kevin Czinger didn’t provide specific numbers. However, he did confirm to TechCrunch that he had to reduce staff due to th...
Tags: Startups, TC, Hong Kong, Business, Layoffs, Los Angeles, Tech, Industrial Design, Automotive, 3d Printing, Shanghai, Emerging-technologies, Horizons Ventures, Kevin Czinger, Li Ka-shing, Personnel

Hong Kong insurtech startup OneDegree launches its first product, medical coverage for pets

OneDegree, the Hong Kong-based insurance technology startup, launched its first product today, a line of medical plans for pets called Pawfect Care. The company will introduce other products, including cyber insurance and medical coverage for humans, all available completely online, over the next 12 months. Founded in 2016, OneDegree raised $30 million in Series A funding last year, and its investors include BitRock Capital, Cyperport Macro Fund and Cathay Ventures. Co-founder and CEO Alvin K...
Tags: Startups, TC, Asia, Hong Kong, Pets, Insurance, Tech, Sun Life, Insurtech, Insurance Authority, OneDegree, Alvin Kwock, BitRock Capital Cyperport Macro Fund, Cathay Ventures Co, Hong Kong 's Insurance Authority, Asia Insurance

SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities

Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. The terms of the deal were not disclosed. Targeted to personal investors, 8 Securities will rebrand to SoFi Hong Kong and retain its team, who will began launching services in other markets as well. SoFi currently has about one million members in the U.S. Last month, it acquired payments and bank account infrastructure comp...
Tags: Personal Finance, Fundings & Exits, Startups, TC, Apps, Asia, Hong Kong, Tech, Investing, Beijing, United States, Anthony Noto, Fintech, SoFi, Galileo, E Trade

Airwallex gets $160 million Series D to launch more cross-border financial products

Airwallex, a Melbourne-based cross-border financial startup that achieved “unicorn” status last year, announced today that it has raised a $160 million Series D. The round included ANZi Ventures, the investment arm of ANZ Bank, and Salesforce Ventures, along with returning investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures. Founded in 2015, the company’s financial services include foreign currency accounts that let businesses receive money from around t...
Tags: Fundings & Exits, Startups, TC, Hong Kong, Australia, Tech, Dubai, Melbourne, Salesforce Ventures, Financial Tech, ANZ Bank, Airwallex, Cross-border, Recent Funding, Tokyo Bangalore, Airwallex Borderless Cards

Exclusive Amanda Jones Track From Apple’s Home Series Soundtrack

Exclusive Amanda Jones Track ‘House Being Built’ for Apple’s Home Series Soundtrack Lakeshore Records is set to release Home—Apple TV + Original Series Soundtrack featuring music by the team of hip hop producer and A Tribe Called Quest co-founder Adrian Younge & Al Shaheed Muhammad (Luke Cage, Jazz Is Dead 001), Emmy-nominated composer collective Bleeding Fingers Music (Planet Earth II) which includes composers Adam Schiff, Laurentia Editha, and Francis James Ralls; Amanda Jones (Cherish the ...
Tags: Apple, Home, Hong Kong, TV, Movies, Maine, House, TV News, Streaming, Extras, Gary, Amanda Jones, John Dragonetti, Netflix Apple, Doug Pray, Apple TV Plus

Beijing Tightens Grip Over Coronavirus Research, Amid US-China Row on Virus Origin

Nectar Gan, Caitlin Hu and Ivan Watson, reporting for CNN: China has imposed restrictions on the publication of academic research on the origins of the novel coronavirus, according to a central government directive and online notices published by two Chinese universities, that have since been removed from the web. Under the new policy, all academic papers on Covid-19 will be subject to extra vetting before being submitted for publication. Studies on the origin of the virus will receive extra scr...
Tags: Hong Kong, China, US, Tech, Cnn, Beijing, Wuhan, Ivan Watson, Nectar Gan Caitlin Hu

70 Coronavirus Vaccines in Development, 3 Candidates Already Undergoing Human Trials

There are 70 coronavirus vaccines in development globally, with three candidates already being tested in human trials, according to the World Health Organization, as drugmakers race to find a cure for the deadly pathogen. From a report: The furthest along in the clinical process is an experimental vaccine developed by Hong Kong-listed CanSino Biologics and the Beijing Institute of Biotechnology, which is in phase 2. The other two being tested in humans are treatments developed separately by U.S....
Tags: Hong Kong, Tech, Who, World Health Organization, Inovio Pharmaceuticals, CanSino Biologics, Beijing Institute of Biotechnology, U S drugmakers Moderna

Nintendo Game Pulled From Chinese Platforms After Hong Kong Protest

A Nintendo Switch video game has been pulled off China's grey market e-commerce platforms, Reuters' checks show, after Hong Kong activist Joshua Wong used the game to protest against Beijing's rule of the Chinese territory. From a report: The game, "Animal Crossing: New Horizons," is a colorful social simulator in which players can decorate their own island and invite others to visit. It became an instant hit after its launch last month and has been used by many players to interact and simulate ...
Tags: Twitter, Hong Kong, China, Tech, Beijing, Nintendo, Joshua Wong, Reuters, Hong Kong Protest

Google subsidiary agrees to pursue internet “diversification” in Asia to block China access to U.S. market

The global internet continues to disintegrate into regional internets. Yesterday, the FCC authorized a Google subsidiary, GU Holdings, to open a submarine fiber optic link between the U.S. and Taiwan, while continuing to block the company’s expansion of the cable to Hong Kong. The cable, operated by Pacific Light Data Communication, has faced years of delays over its ties to the Chinese mainland. The Trump administration, through the Team Telecom review process, has placed an exacting magnifying...
Tags: Google, Amazon, Facebook, Asia, Hong Kong, Fcc, Government, China, Russia, US, America, Tech, Taiwan, Policy, Beijing, United States

Nintendo's Animal Crossing Becomes New Hong Kong Protest Ground

Nintendo's Animal Crossing has become a place for Hong Kong protesters to congregate without flouting social distancing rules. Bloomberg reports: Animal Crossing is a simulation game where players live on an idyllic tropical island and befriend anthropomorphic animals. Players can customize their islands with in-game illustrating tools and visit each other's islands online. Pro-democracy content created for the game has gone viral on social media, including Twitter. In a tweet last week, one of ...
Tags: Hong Kong, Tech, Bloomberg, Nintendo, Joshua Wong, Carrie Lam, New Hong Kong Protest Ground

Outrunning COVID-19 twice

Editor’s note: Our writer Rita’s journey from China to the US and back again was planned months before the coronavirus pandemic descended on the world. That descent ended up turning a simple trip home into a kind of epic journey. The changes in her location — which we reference, but do not dwell on, to help anchor the story — gave her a unique perspective on the changing landscape — and outlook — of the world as COVID-19 infections spread. We’re publishing a diary of that period here in part to ...
Tags: TC, Asia, Hong Kong, Texas, China, US, America, Tech, Chicago, Beijing, Philadelphia, Airbnb, Taipei, Costco, Wuhan, Shenzhen

Hong Kong startup Neat raises $11M Series A to give small companies more financial services

Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border trade. The round was led by Pacific Century Group, with participation from Visa and MassMutual Ventures Southeast Asia, and returning investors Dymon Asia Ventures, Linear Capital and Sagamore Investments. Neat also announced a strategic partnership with Visa, which means that in the next few months Neat will start issuing Visa credit cards to SMEs and st...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, London, San Francisco, Tech, Neat, Fintech, Shenzhen, Visa, Rosa, MassMutual Ventures, SMEs, Ryan Collins

Hong Kong startup Neat raises $11 million Series A to give small companies more financial services

Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border trade. The round was led by Pacific Century Group, with participation from Visa and MassMutual Ventures Southeast Asia, and returning investors Dymon Asia Ventures, Linear Capital and Sagamore Investments. Neat also announced a strategic partnership with Visa, which means that in the next few months Neat will start issuing Visa credit cards to SMEs and st...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, London, San Francisco, Tech, Neat, Fintech, Shenzhen, Visa, Rosa, MassMutual Ventures, SMEs, Ryan Collins

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