The Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the selection of the top 74 startups from a pool of over 600 contenders for its eighth annual Elevator Pitch Competition 2024 (EPiC 2024) Grand Finale, which will take place in Hong Kong on April 26, 2024.  These semi-finalists emerged from the inaugural four-city […]

HashKey Exchange has become the inaugural recipient of a license under Hong Kong’s new cryptocurrency regulatory framework. The approval allows the platform to legally facilitate the retail trading of tokens, as authorities aim to cultivate Hong Kong as a global hub for the crypto industry. Upgrading its existing licenses, HashKey now has the green light […]

Hong Kong-based virtual insurance firm OneDegree has successfully concluded a fresh funding round, raising $27 million. The funds will be used to support the company’s expansion across Asia and invest in artificial intelligence. Global financial institutions, along with existing backers such as Gobi Partners, BitRock Capital, and Sun Hung Kai & Co., have contributed to […]

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 […]

Mapxus, a Hong Kong-based indoor Geographic Information System GIS platform, has announced raising $5 million in a Series B funding round anchored by Japanese corporation Kawasaki Heavy Industries. In a statement, the fresh funding will be used to continue the development of its technology. The company offers wide range of technology, with opportunities for both […]