Tagged: hong kong

December 23, 2015 @ 12:30 pm By JD Alois  |  

Exploding “Hoverboards” are everywhere in the news these days. Craptaculous products by manufacturers with questionable quality control have placed the entire sector under scrutiny.  Recently an apartment in Hong Kong was torched by a combusting Hoverboard leaving residents homeless. The Lithium battery “exploded several times”…. Read More

December 22, 2015 @ 1:51 pm By Elena Mikhaylova  |  

Crowdfunding continues to grow globally. The largest rewards platform, Kickstarter, has hosted close to 100,000 successfully funded projects and has assembled a community of almost 10 million backers. It has been aggressively expanding internationally this year. Some studies suggest that most of the growth in… Read More

December 22, 2015 @ 9:22 am By Erin Hobey  |  

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

December 17, 2015 @ 12:09 pm By JD Alois  |  

Monexo is a Hong Kong based peer to peer lending platform that seeks to provide financing to SMEs in the region. Founded by Mukesh Bubna, a long-time Citibank executive, Bubna recently commented on the investigation into Ezubo – a China-based peer to peer lender.  Ezubo (sometimes spelled… Read More

December 12, 2015 @ 11:00 am By JD Alois  |  

Internet juggernaut Alibaba opened their wallet a tiny bit and purchased the assets of the South China Morning Post (SCMP) last week. The company stated it was a strategic move in recognition of providing insight into one of the world’s largest economies. One of the… Read More

November 17, 2015 @ 9:26 am By JD Alois  |  

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

October 21, 2015 @ 12:54 pm By Samantha Hurst  |  

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

August 25, 2015 @ 12:24 pm By Samantha Hurst  |  

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

August 21, 2015 @ 2:00 am By JD Alois  |  

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

August 12, 2015 @ 12:09 pm By Samantha Hurst  |  

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

August 6, 2015 @ 11:50 am By Samantha Hurst  |  

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

August 4, 2015 @ 12:18 pm By JD Alois  |  

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

April 21, 2015 @ 9:20 am By Erin Hobey  |  

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

March 30, 2015 @ 10:02 am By Erin Hobey  |  

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

February 27, 2015 @ 9:25 am By JD Alois  |  

  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

February 9, 2015 @ 1:47 pm By Erin Hobey  |  

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

February 9, 2015 @ 11:06 am By Samantha Hurst  |  

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

January 30, 2015 @ 8:49 am By Midori Yoshimura  |  

  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

January 19, 2015 @ 1:23 pm By Samantha Hurst  |  

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

January 17, 2015 @ 10:58 am By Samantha Hurst  |  

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