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.

WorkTech, Hong Kong’s co-working ecosystem operator, is raising US$15 million from asset management firm Raffles Family Office (RFO) at a US$100 million valuation.

Hong Kong-based The Mills Fabrica, a business incubator, fund and space for techstyle startups, announced that it has invested US$2 million in MOTIF, an open-knowledge and education platform dedicated to the apparel, fashion, and textile space. Launched in 2018 by parent company Alvanon, MOTIF is the apparel knowledge hub that connects professionals around the world […]

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