hong kong

With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the space are looking overseas to find friendlier climates to support their growth. One such…

Global crypto firms turn to Hong Kong for refuge — and opportunity

Ever since Hong Kong legalized cryptocurrency trading last June, blockchain projects from the West have been paying more attention to the Asian financial hub. Aptos, the a16z- and Tiger Global-backed…

Ex-Meta employees’ Aptos tests Hong Kong’s crypto appetite

During the pandemic, almost all retailers in Asia established an e-commerce presence and adopted digital payments. But one thing that didn’t change was sourcing, say the founders of cross-border marketplace…

Lightspeed backs Markato, a marketplace that helps independent brands break into Asia

Maple Finance, an on-chain, institutional credit marketplace that’s aspiring to fill a gap left behind by the collapses of crypto lending heavyweights like BlockFi and Celsius, has its sights set…

Crypto lender Maple Finance raises $5M to enter Asia amid regulatory clarity

In the crowded enterprise robotics space, the ability to secure key clients is a crucial differentiator for companies. In the case of Hong Kong���based Rice Robotics, the important order has…

Rice Robotics picks up $7M, powers SoftBank’s office delivery

Brinc, the Hong Kong–based accelerator backed by investors like Animoca Brands, is launching a new program for fledgling climate tech startups. The three-month program is tailored for founders who are…

Brinc launches new program for climate tech startups

While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The Hong Kong Monetary Authority…

Hong Kong eyes stablecoin regulatory regime by 2024

When an NFT series commemorating the handover of Hong Kong from the U.K. to China generated $260,000 in sales, Artifact Labs, the startup that launched the collection, saw the long-term…

NFT spinoff from newspaper SCMP gets funded to tokenize historical artifacts

Featured Article

As the US cracks down on crypto, Hong Kong extends a warm welcome

On a balmy day in mid-April, thousands of people queued in line to enter the Hong Kong Convention Center where the city’s inaugural web3 festival was underway. Most had flown in from mainland China, but many others had trekked from Singapore, Japan, Indonesia, Thailand and even the U.S. to see…

As the US cracks down on crypto, Hong Kong extends a warm welcome

As the collapses of Signature Bank and Silvergate sent crypto companies scrambling, a virtual bank from Hong Kong is extending a warm welcome to web3 startups. Hong Kong-based ZA Bank is…

Hong Kong’s ZA Bank wants to be the go-to bank for crypto startups

While these developments are encouraging signs to some, others question whether the semi-autonomous region has the right conditions for building all forms of web3 organizations and businesses to thrive.

Hong Kong is charting its own web3 path despite China’s anti-crypto stance

Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance of…

KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round

Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to…

Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin

As the U.S. government continues to rein in the crypto industry with a spate of regulations, other places are emerging as new hubs for the virtual asset industry. On Monday,…

Hong Kong shows desire to be crypto hub with new regulation

Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC as it looks to regain…

Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal

WhatsApp is used by more than two billion around the world and is an important tool for many small businesses. But as they scale up, even WhatsApp for Business might…

WATI, a CRM tool built for WhatsApp, raises $23M led by Tiger Global

Social commerce — the process of buying and selling products or services directly through social media platforms like Facebook, Instagram and TikTok — is becoming the most natural way for…

Tiger Global backs SaaS omnichannel social commerce platform SleekFlow in $8M funding

Ordinary Folk, a Singapore-based telehealth startup dedicated to men and women’s health issues, has raised $5 million in pre-Series A funding from Monk’s Hill Ventures. The funding will be used…

Singapore-based healthcare startup Ordinary Folk gets $5M to fight stigma

Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the…

Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

I’ve visited Brinc’s headquarters the last few times I’ve been to Hong Kong, and been impressed with the range of different startups the accelerator works with. I knew the organization…

Hong Kong accelerator Brinc raises $30M Series B

The International Digital Economy Academy (IDEA) quietly opened last year, perched among ultramodern office buildings on Shenzhen’s side of the river border with Hong Kong. While geographically separated from Hong…

Ex-Microsoft exec Harry Shum leads ‘digital economy’ research center in Shenzhen

Singapore-based Deskimo, the on-demand app that lets people find co-working spaces and pay by the minute, announced today it has raised a $3 million seed round. It is also soft…

Deskimo, the on-demand desk booking app, raises $3M and expands to Jakarta

Entrepreneurs and small and medium enterprises (SMEs) often struggle to deal with several siloed functions, such as company secretary, bookkeeping, banking, tax, payroll, employment services, insurance and more. French entrepreneurs…

Sleek secures $14M Series A to enhance its corporate service platform

After a challenging year for location-based virtual reality startups due to COVID-19, Sandbox VR, a location-based VR startup, is making a comeback with a plan to expand its operations further across…

Sandbox VR expands to new locations globally with $37M Series B led by Andreessen Horowitz

FunNow is a booking app for spontaneous people. For example, you can reserve a manicure or restaurant seat and head right over. As people start to spend more time outside…

Taiwan-based FunNow, an instant booking app, raises $15M Series B

Based in Hong Kong, Finverse’s ambitious goal is to enable open banking throughout the Asia-Pacific region. The startup recently came out of stealth mode with $1.8 million in seed funding…

Open banking startup Finverse wants to build the Asia-Pacific region’s Plaid

XanPool, a payment infrastructure provider that facilitates faster crypto and fiat settlements, announced today it has raised a $27 million Series A led by Valar Ventures. The round included participation…

Hong Kong-based fintech XanPool raises $27M for its decentralized payment network

Featured Article

FoundersHK, created to strengthen Hong Kong’s startup ecosystem, holds its first demo day

FoundersHK was created to strengthen Hong Kong’s startup community, which has weathered more than two years of political turmoil, along with the COVID-19 pandemic. Today the nonprofit, which started as an events and mentoring network, held the first demo day of FoundersHK Accelerate, its equity-free accelerator program, which was created…

FoundersHK, created to strengthen Hong Kong’s startup ecosystem, holds its first demo day

Cobo, a Singapore-based crypto asset management platform, raised a $40 million Series B to accelerate the development of decentralized finance as a service (DFaaS). The round was co-led by DST…

Crypto asset management platform Cobo bags $40M Series B

There is a physical activity deficit in our world. Three-fourths of adults say staying in shape is very important for health benefits. Yet, one in four adults and 81% of…

NEX raises $25M, launches Active Arcade to get people moving