hong kong

Alibaba’s newest initiative aims to make Hong Kong a global AI hub

Alibaba is teaming up with SenseTime, the world’s highest-valued AI startup, to launch a not-for-profit artificial intelligence lab in Hong Kong in a bid to make the city a global hub for artifi

Xiaomi officially files for Hong Kong IPO to raise a reported $10 billion

Xiaomi’s much-speculated IPO process has kicked off officially after the Chinese smartphone giant filed to go public on the Hong Kong Stock Exchange. The first draft of its filing does not inclu

Despite IPO surge, Hong Kong investors aren’t tech savvy, warns Razer CEO

Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more

Chinese police foil drone-flying phone smugglers at Hong Kong border

Dozens of high-tech phone smugglers have been apprehended by Chinese police, who twigged to the scheme to send refurbished iPhones into the country from Hong Kong via drone — but not the way you mig

Li Ka-Shing to step down as chairman of CK Hutchison, owner of 3 and other tech holdings

A significant changing of the guard is underway in the world of telecoms and tech out of Asia. CK Hutchison, a Hong Kong conglomerate that owns the European mobile carrier 3 among other mobile and tec

Goxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia

Goxip, a Hong Kong-based social shopping service, has raised $5 million to branch out into influencer marketing. The investment was led by Meitu, the $6 billion Hong Kong-listed company that develops

Alibaba will consider listing its affiliate companies in Hong Kong

Last year I wrote that Hong Kong is increasingly becoming a destination for tech IPOs, and the country just got a major boost after Alibaba chairman Jack Ma said the company is exploring the possibili

Honda is working with Chinese AI unicorn SenseTime on self-driving car tech

Honda is putting the focus on artificial intelligence after it announced a partnership with SenseTime, a Chinese startup valued at over $1 billion, that will power its autonomous cars of the future. S

Gaming firm Razer up 18% following Hong Kong IPO

Razer has continued a winning streak of IPOs from Asian companies after its share price surged as much as 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which

Razer to raise upwards of $504 million in Hong Kong IPO

PC gaming company Razer is set to raise upwards of US$504 million (HK$3.9 billion) when it lists on the Hong Kong Stock Exchange on Monday. The company, which develops gaming-focused accessories for

Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse

WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series

China Literature makes stellar public debut following $1B Hong Kong IPO

China Literature, the e-publishing business backed by Tencent, enjoyed an impressive debut as public company with its share price rising as high double during its first day on the Hong Kong Stock Exc

Tencent’s online publishing arm set to raise $1B in Hong Kong IPO

Tencent’s China Literature, an Amazon-like e-book business, is continuing the trend of Asian tech IPOs after it announced its public listing in Hong Kong will raise $1.06 billion on Wednesday. T

Crunch Report | Razer Looks to Raise $550 Million in Hong Kong IPO

Razer looks to raise $500 million in Hong Kong IPO, Google releases a new hardware kit for Hangouts Meet and Netflix halts production on House of Cards. All this on Crunch Report.

Gaming accessories firm Razer to raise up to $550M in Hong Kong IPO

Razer, the U.S.-Singapore firm that produces PCs and peripherals for gamers, is set to raise as much as $550 million from its Hong Kong IPO after it revealed its price range. The company first filed t

Genetic testing startup Prenetics gets $40M from investors, including Alibaba’s Hong Kong fund

Prenetics, a genetic testing startup, plans to expand into more Asian countries after raising a $40 million Series B led by Beyond Ventures and Alibaba Hong Kong Entrepreneurs Fund.

MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia

MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round

Logistics on-demand startup Lalamove raises $100M as it approaches a $1B valuation

Unicorns are like buses for Hong Kong. After living in the shadow of other cities and waiting around for its first, it now has (almost) two billion-dollar companies within months… and in the sam

Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong

Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong Kong. Alipay and Alibaba’s My

Hong Kong regulator ‘concerned’ by ICO funding boom

One day after China’s decision to ban ICOs pending an investigation, Hong Kong — the country that is a special administrative region of China — has voiced concern at the growth of
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