Tagged: hong kong

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 WeLab. Tom Group is a publicly traded Chinese-language media conglomerate… Read More

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

monexo

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 going back even further built up Citibank’s entire back-end operations and… Read More

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

bitcoin

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 company’s actions petitioned a local member of the Legislative Council,… 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, in a recent article for the South China Morning Post…. Read More

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

Kliptap

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 believes that video is the best way to receive a… 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, “In the already completed segment, PRESCHOOLED, we interviewed children about… Read More

WeLab Raises $20 Million for WeLend P2P Site

WeLend

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 joined in. WeLend pushed into mainland China in 2014 and… Read More

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

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 of Taiwan bitcoin industry bitcoinsto become accessible in the daily-life of… 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 goal and has so far reached $135,403 thanks to 814 backers…. Read More

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

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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 crowdfunding giant’s platform, the campaign raised well over its initial… 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 Kickstarter and Indiegogo have been around since the late 2000s…. Read More

OurCrowd Seeks Stronger Ties to Asia as Tech Booms in Israel

Jon Medved speaking at San Diego State University

At the recently held MIXii Israel Innovation Conference, that took place in Tel Aviv on May 20-22nd, government representatives from China and Hong Kong participated in the forum seeking a stronger relationship with the country. One group was championed by InvestHK, whose objective is to lobby global companies to set up shop in Hong Kong…. Read More

Crowdfunding Struggle For One Firm in Hong Kong

bigcolors logo

In a recent article in the South China Morning Post, shared the challenges of the BigColors equity crowdfunding platform.  BigColors was launched in November 2013 as a combined crowdfunding site with a trading feature.  Investors could actually use the site and trade shares in these “listed”companies. Bigcolors was founded by an ex-Goldman guy James Giancotti…. Read More

LoveStruck Turns to InvestingZone to Attract More Investors

LoveStruck

InvestingZone, the equity crowdfunding platform, has announced it will be helping award-winning online dating site, Lovestruck.com, raise growth-capital to fuel its ambitious international expansion plans. The company is looking to raise around £800k from both existing and new investors so that it can focus on expanding its already-established presence in Asia. The website is a premium… Read More

Rare Pink Raises £120K During Seedrs Campaign

Rare Pink

Exciting news for the online jewelry store Rare Pink. The company, who launched its crowdfunding campaign on Seedr, raised well over its £100,000 goal. Rare Pink is an online retailer of custom designed diamond jewelry and engagement rings that are traded from London and Hong Kong. The average values of the pieces are £3,000. Rare… Read More

Hong Kong Startups Seek To Tap Asian Crowdfunding Market

hong kong

Crowdfunding has yet to take off in Asia like it has in the US, Europe and Australia. Having said that, two recent pieces of news involving Hong Kong-based crowdfunding platforms suggest that entrepreneurs are increasing their efforts at mobilizing capital in Asia via crowdfunding. These sites join other platforms from HK including GingCreative and AppsFunder. GrowVC… Read More

Hong Kong students crowdfunding anti-mainlander advertisements

Anti Mainland Advertisement being Crowdfunded

A group of Hong Kong students are raising money online to run full-page adverts opposing the “mainlandisation of HK universities”, according to their Facebook page. The campaign comes just over a year after the Apple Daily ran a full-page advert attacking mainland “locusts” for swarming the city and draining its resources. The HK$100,000 advert was… Read More

New crowdfunding platform for films and creative arts

Catapoolt

Fund management company Starting Blocks Media Ventures will launch a new crowd funding model, Catapooolt, dedicated to creative projects including movies, music and other performing arts. Catapooolt will be launched during the Hong Kong Asia Film Festival later this month. The company has join hands with the event as the official Crowdfunding Partner for Hong… Read More

GAME DEVELOPER LAUNCHES CROWDFUNDING PROJECT FOR PRISONHOOD

Prisonhood Crowdfunding on Indiegogo

Independent game developer Fei Hu Interactive has launched a crowdfunding project with Indiegogo. The project was established to help secure funds to aid the ongoing development and maintenance of the game PRISONHOOD.  With only 4 weeks to secure funding, a positive result will enable the team to extend PRISONHOOD to users of Android devices and Facebook worldwide as… Read More

Crowdfunding gives city’s worthy causes a chance

FringeBacker

Feel like bankrolling an independent movie? What about an artist who makes treasures out of trash? Perhaps you’d rather support one young woman’s dream of representing Hong Kong as an equestrian show jumper at the Asian Games. Hong Kong’s entrepreneurs and creative types have a new way of getting funding for their projects. The recently… Read More