Tagged: hong kong

CrowdPlus.Asia Claims First ASEAN Equity Crowdfunding Platform

CrowdPlus.Asia Luanch

CrowdPlus.Asia is the first, of the approved platforms, to launch in Malaysia – and across multiple Asian markets. CrowdPlus.asia will focus on the ASEAN market, having established a presence in Malaysia, Thailand and Vietnam, as well as mainland China and Hong Kong where there is a number… Read More

Brief: Bondora Opens European Personal Loan Marketplace Platform to U.S. Accredited Investors

Bondora Management

Bondora, a pan-European marketplace lender, opens to accredited investors from the United States, Canada, Mexico, Brazil, South Africa, India, Hong Kong, Singapore, Japan and Australia. The platform now allows global accredited investors to invest directly into personal unsecured loans across three European markets including Spain,… Read More

TouchJet WAVE Secures Over $400,000 on Indiegogo; Forms Partnership With Seveco to Manufacture New Interactive Product

Touchjet 2

Seveco Global Ltd. and Touchjet announced today that they have formed a partnership to develop and manufacture the Touchjet WAVE. Seveco will assist from initial conception through manufacturing, leveraging its expertise in flexible line manufacturing, real-time production and quality monitoring. In addition to this partnership,… Read More

China Looks to Crowdfunding to Finance Clean Energy

Sun Solar Sunset Boat

Developer of solar projects Kong Sun Holdings based in Hong Kong went to the banks to finance a project in Mongolia.  Banks said no thanks so Kong Sun went online and raised a $161 million loan from Solarbao.  This is according to a recent report… Read More

Hong Kong’s Peer-to-Peer Lending Marketplace Monexo Joins DBS Accelerator

Mukesh Bubna

Hong Kong-based, Monexo Innovations Limited, announced on Wednesday that it has been selected by DBS Accelerator, powered by Nest as the only Peer to Peer lending marketplace startup in the lineup. Monexo is an online peer-to-peer (P2P) lending marketplace inspired by the successful American version, LendingClub. The three-month… Read More

Burford Capital Launches Hong Kong Litigation Financing Business

Christopher Bogart

Burford Capital, a global finance and professional services firm focused on law, announced on Thursday its launch in Hong Kong and the formation of a new Burford Asia Advisory Board. Burford’s launch in Hong Kong positions it to meet growing demand for litigation and arbitration… Read More

Global Real Estate Crowdfunding Site Wealth Migrate Looks to Asia for Rapid Expansion

Wealth Migrate China

Scott Picken is based in South Africa but he clearly thinks big when considering the addressable market for his real estate crowdfunding platform Wealth Migrate. It is his opinion that banking, insurance, real estate – basically all aspects of finance –  will be revolutionized by… Read More

Hong Kong Sees Fintech Growth: Accenture, Cyberport & Bitcoin Trader MyCoin.hk Blaze the Trail

hong kong

John Tsang, the Financial Secretary of Hong Kong, stated China would be “an ideal place” to develop into a financial technology hub; venture capitalists are increasingly seeing the potential for fintech investment opportunities in Hong Kong, according to a release. Herman Lam, CEO for the creative digital community… Read More

Steering Group on Financial Technologies to Advise Chinese Government: Aims to Make Hong Kong Fintech Hub

China Yuan Renmibi

The Chinese government announced the establishment of the Steering Group on Financial Technologies to advise the Government on how to develop Hong Kong into and promote Hong Kong as a Fintech hub. The initiative to set up the Steering Committee was announced in the Financial… Read More

Hong Kong Media Tycoon Moves into Online Finance. TOM Group Gets into P2P Lending

1_邮乐前台照 Ule

  Media conglomerate TOM Group is moving into the online finance space.  The entity, controlled by Hong Kong tycoon Li Ka-shing, is set to expand its ecommerce operation, Ule, into peer to peer lending and online banking in an “aggressive” push via a partnership with… Read More

Monexo Introduces its P2P Platform: CFO Mukesh Bubna Comments on Trends


Monexo recently launched its peer-to-peer (P2P) lending platform in Hong Kong.  Co-founder, Mukesh Bubna, enters the space with 20 years experience in consumer banking throughout Asia,  including 18 years at Citibank in Asia where he spent 10 years in product and marketing. Prior to that he was CFO, and… Read More

Hong Kong Bitcoin Exchange MyCoin Closes Up Shop; Takes Off with $387 Million


On Monday (February 9th), CoinDesk announced that Hong Kong bitcoin exchange, MyCoin, has allegedly shut down and even took off with as much as $386 million in investor funds. The situation came to light on Friday when nearly 30 people claimed to be victims of the… Read More

Hong Kong, the (Solar) Spotlight Could Be On You. Are Regulations Holding You Back From Shining In It?

Sunset in Muskoka

  Hong Kong could shine along the lines of the U.S. and London as a solar finance hub, if it weren’t for the city’s financial laws, writes Bryane Michael, senior fellow at the University of Hong Kong law faculty’s Asian Institute for International Financial Law,… Read More

Kliptap Seeks to Become Asia’s New Crowdfunding Platform For Social Causes


New Hong Kong and Shanghai-based crowdfunding platform Kliptap is ready to become the ultimate funding tool for social causes in Asia. According to e27, Kliptap recently became a graduate from Chinaccelerator’s batch VI and received $30,000 in funding for 6% in equity. The new platform… Read More

Kickstarter Chats With Cinematographer Christopher Doyle About Project Preschooled Preoccupied Preposterous

Christopher Doyle 1

With only 18 more days until the crowdfunding campaign of their new film Preschooled Preoccupied Preposterous comes to an end, award-winning cinematographer Christopher Doyle and producer Jenny Suen sat down with Kickstarter to share details about his latest project. Doyle wrote on the campaign’s website,… Read More

WeLab Raises $20 Million for WeLend P2P Site


Hong Kong’s first peer to peer lending platform WeLend has now closed a Series A funding round topping off at $20 million. The funding round was originally started in June when WeLab raised $14 million.  The additional $6 million was just added as new investors… Read More

Hong Kong-Based Bitcoin Platform KBBEX Partners with Taiwanese Bitcoin Platform BitoEX


KBBEX, a Hong Kong-based Bitcoin Exchange Platform, has formed a strategic partnership with the Taiwanese Bitcoin Platform BitoEX, to supply bitcoins in more than 5000 convenience stores located in Taiwan. Consumers may now buy bitcoins at all FamilyMart convenience stores in Taiwan. The alliance enables the development… Read More

Hong Kong’s Crazybaby Hits Indiegogo For UFO-Shaped Levitating Speaker; Scores Over $135,000 in Two Days

Mars 5

Earlier this week, Crazybaby, a Hong Kong-based audio company focused on the intersection of emotion, sound and devices, announced the launch of its crowdfunding campaign on Indiegogo for its levitation speaker system with a subway, Mars. Set to raise $100,000 the project immediately surpassed the initial… Read More

Jolla’s Alternative iPad Tablet Scores $800,000 During the First Hours on Indiegogo


On Wednesday morning (November 19th), Finland-based, Jolla, launched an Indiegogo crowdfunding campaign to raise $380,000 for its new self-titled tablet. The unique tablet has been dubbed by the company as the world’s “first crowdsource tablet” to surface. Within only hours of its debut on the… Read More

How do Asian Crowdfunding platforms compare to their Western counterparts?

Asia Map on Globe

Crowdfunding is a burgeoning field in many parts of Asia. In comparison, crowdfunding in places like the United States has been around for a longer time. While the United States relaxed regulations on investment-based crowdfunding in 2012 (via the JOBS Act), rewards- based sites like… Read More