Shares of Robosense Technology, a Chinese developer specializing in laser imaging, detection, and ranging (LiDAR) sensors for autonomous vehicles, experienced a 2% decline on its debut on the Hong Kong stock exchange, marking the first new listing of 2024. The company, backed by Alibaba, disclosed that it had raised HK$985.12 million ($126.14 million) through its […]

Indonesia’s J&T Express experienced a 1.33% dip in its stock price during its debut on the Hong Kong Stock Exchange. Although the second-largest public offering of the year for J&T Express, The logistics service provider’s shares initially traded at HK$12, but started Friday’s morning session at HK$11.84, equivalent to $1.51.  The firm is among Asia’s […]

Courier startup J&T Global Express is preparing for an initial public offering (IPO) in Hong Kong to achieve an approximately $13 billion valuation.  The company, which originated in Indonesia and has since expanded its footprint across Southeast Asia and China, had initially aspired to raise $1 billion in its IPO. However, after discussions with potential […]

Adicon, a Chinese diagnostic laboratory company, has announced its plan to raise approximately $52.29 million through a global offering in its upcoming Hong Kong listing. As part of its upcoming Hong Kong listing, the company intends to issue 33.2 million shares, priced at HK$12.32 per share. The global offering will include about 10% of the […]

Zhang Yiming, the co-founder of ByteDance, the parent company of the popular social media platform TikTok, has established a new private investment fund in Hong Kong. The fund, known as Cool River Venture, will primarily focus on investing in technology-related industries. This move comes as Zhang has maintained a low profile since stepping down from […]

Hong Kong-based climate tech startup Allinfra announced the closing of its Series A financing round, led by global financial services group Nomura, with participation from new and existing investors. Allinfra develops enterprise software designed to help institutions across a range of industries achieve their sustainability goals. The newly secured funding will be used to scale […]

Airwallex, a Hong Kong-headquartered cross-border payments unicorn, has established a new venture capital fund that invests into early-stage, high-growth technology-enabled companies powered by its infrastructure. The fund, Capital 49, is set up by Airwallex founders with the aim of raising $200 million, focused on investment opportunities among companies within Airwallex’s ecosystem. Capital 49 will look […]

Hong Kong-based social messaging startup SleekFlow announced that it has raised a 7-figure HKD pre-Series A investment from Gobi Partners China. SleekFlow, founded in 2019 by Henson Tsai, is an all-in-one social messaging platform that helps SMEs in digital transformation. Since inception, the company has won over 1,000 users across 20 countries and has reached […]

Hong Kong-headquartered RTFKT Studios, a digital fashion brand known for creating digital goods (Non-Fungible Tokens or NFTs), announced raising $8 million in a seed funding round anchored by Silicon Valley venture capital firm Andreessen Horowitz. The startup, founded in late 2019, creates NFTs such as collectible sneakers, game skins, and in-game limited physical collector editions […]

Hong Kong-based fintech startup Neat announced that it has raised $11 million in its Series A funding round to finance its international expansion.