Tagged: hong kong

Blockchain Platform Enecuum Signs Cooperation Agreement with iCapital as it Plans Token Sale

  Enecuum, a blockchain platform with a capability of mobile mining, and iCapital based in Israel, have established a long term cooperation agreement, according to the firms. Hong Kong based Enecuum explains on their site: “Every smartphone on the network will participate in the publication… Read More

Crowdfunding Platform OurCrowd Joins in $200 Million Series D for Hong Kong based Unicorn Klook

Klook, short for “Keep Looking,” has raised $200 million in a Series D funding round led by big name global VCs. Klook is a travel activity and services booking firm that is reportedly on track to generate over $1 billion in bookings during 2018. The… Read More

Modulus CEO Slams Cryptocurrency Exchange OKEx Decision to Clawback Failed Whale $416 Million Bitcoin Position

Last Friday, OKEx blogged about a failed whale that posted a huge long position on Bitcoin. The unnamed whale booked an order for 4,168,515 contracts. The Hong Kong digital asset exchange explained the predicament and ensuing action: “The client with user ID 2051247 initiated an… Read More

Former JP Morgan Senior Vice President for Compliance Joins Blockchain Advisory Firm

Next Level Consulting has hired Kirsten Roy-Reid as its Senior Partner and Head of Compliance. Roy-Reid is a former JP Morgan Senior Vice President for compliance having worked in London, New York, Hong Kong and New Zealand for over 13 years. The hiring may be viewed… Read More

TransferWise Launches Money Transfer Services in Hong Kong

Fintech unicorn, TransferWise, launched its money transfer services in Hong Kong last week. This news comes just a few weeks after the company launched the services in Argentina. As previously reported, TransferWise converts that money at a better rate and pays the transfer out using local pools… Read More

China: WeiyangX Fintech Review

China Launches a 100-billion-yuan technology investment fund: Chinese Version of the Vision Fund? On July 2, China Merchants Group, Beijing Asset Management Corporation SPF Group and London’s Centricus Corporation announced to launch a 100-billion-yuan investment fund – “China New Era Technology Fund.” The fund aims… Read More

Blackmoon Claims to be First Company to Issue a Token Related to an IPO with Xiaomi Offer

Blackmoon is reporting its Xiaomi initial public offering (IPO) has been sold out. But this batch of shares are not being sold in the traditional manner as Blackmoon has tokenized the offering. This past week, Xiaomi completed an IPO on the Hong Kong Stock Exchange…. Read More

Hong Kong Digital Bank Neat Secures $2 Million Investment From Dymon Asia Ventures & Portag3 Ventures

Neat, a digital bank based in Hong Kong, announced earlier this week it secured a $2 million investment from Dymon Asia Ventures and Portag3 Ventures. Founded in 2015, Neat offers two banking products, Neat Business and Neat Personal. All banking with Neat is done through its… Read More

Hong Kong and Abu Dhabi Business and Monetary Authorities Cooperating on Fintech and Distributed Ledger Technology

The Hong Kong Monetary Authority (HKMA) announced June 26th that it has signed a Fintech agreement with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), “to enhance collaboration between the two authorities with a view to encouraging and enabling innovation in… Read More

tZERO Signs Letter of Intent With GSR Capital For $160 Million Security Token Investment

tZERO announced on Friday it is signing a letter of intent with Hong Kong-based private equity firm GSR Capital to participate in tZERO’s Security Token Offering (STO). According to tZERO, in accordance with the letter of intent, GSR Capital will purchase $160 million in tZERO… Read More

LATTICE80 Partners With SuperCharger to Create Singapore & Hong Kong Fintech Bridge

LATTICE80 announced on Thursday it has teamed up with fintech accelerator SuperCharger to establish a bridge between the Fintech ecosystems in Singapore and Hong Kong. According to LATTICE80, The partnership will allow Fintech startups in both the markets to benefit from a shared network for expansion and… Read More

Prudential Debuts Insurtech Innovations to Streamline Hospital Claims Process

Prudential Hong Kong Limited announced on Tuesday the launch of two insurtech innovations, Hospital to Prudential and Chatbot Claims, which will help redefine the way consumers and medical professionals manage hospital claims in Hong Kong. According to Prudential, the Hospital to Prudential portal provides customers with… Read More

Standard Chartered Announces Plans to Apply For Virtual Banking License in Hong Kong

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More

SuperCharger Fintech Accelerator Raises $14.4 Million, Lands 47 Deals in Most Recent Hong Kong Cohort

SuperCharger FinTech Accelerator, along with their leading partner Standard Chartered, has shared their success of their program. Through the most recent 12-week session, the SuperCharger cohort companies have achieved 47 commercial deals and raised US$ 14.4 million while receiving 17 awards. This year’s program is… Read More

SuperCharger Fintech Accelerator Demo Day 2018

Hong Kong / Kuala Lumpur based SuperCharger Fintech Accelerator has scheduled its demo day for June 8th. Sponsored by Standard Chartered Bank, the event is to celebrate the end of its Hong Kong 2018 Program, and to showcase the achievements of the 10 Fintech startups… Read More

China: WeiyangX Fintech Review

International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More

Citi Announces Six Open API Partnerships in Hong Kong

Citi announced on Tuesday that six strategic partnerships with leading corporations in Hong Kong to accelerate the development of open Application Programming Interface (API) in the city and to make available what the financial giant calls “easy and speedy” banking services in response to consumers’ increasingly digital… Read More

Blockchain Asset Private Bank BitUN Announces Partnership With Ping An Blockchain Research Institute

Blockchain asset private bank BitUN announced on Friday it has formed a partnership with Ping An Blockchain Research Institute to promote the development of the blockchain market. The duo reported that they have joined forces to conduct research in blockchain market analysis, project rating, blockchain innovative… Read More

Hong Kong Polytechnic University Teams Up With AMTD to Launch AMTD FinTech Centre of Business Faculty

The Hong Kong Polytechnic University (PolyU), announced on Thursday it has teamed up with AMTD Group Company and AMTD Foundation to launch a new university-industry collaborated fintech center. According to PolyU, the AMTD Fintech Center of PolyU Faculty of Business aims to enhance Hong Kong’s capabilities to… Read More

Standard Chartered Opens Innovation Lab in Hong Kong

Standard Chartered announced on Monday it has opened its latest innovation lab, the eXellerator, in Hong Kong. The new lab will be located in the bank’s building in Kwun Tong and is designed and created by WeWork. While sharing more details about the lab, Mary… Read More