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5 in 5 minutes - Aug 12th

Hong Kong startup news roundup

Paperclip and Amplifi sets to launch HK´s first B2B SaaS focused accelerator

Amplifi Business Incubation Services Pvt Ltd and Paperclip Startup Campus launched the first co-branded B2B SaaS accelerator in Hong Kong. The Amplifi Paperclip accelerator program will be a 3-months program supported by InvestHK and Cyberport.

Singapore´s OCBC Bank launches full pilot projects with 3 startups from its accelerator program with Nest

8 startups were selected to join the Open Vault at OCBC FinTech Accelerator, which is powered by Nest earlier this year. After trialing their prototypes, 3 startups will have the chance to move on to the next phase of product development which is the pilot tests.

WM Motor, a mysterious car startup, raised $1B series A

WM Motor, founded by an automaker named Freeman Shen, has raised $1 billion in series A. According to Tech in Asia, no investor names have been disclosed.

Airbnb raises $850M at a $30B valuation

Airbnb has raised $850 million after its last raises of $1.6 billion from the prior year. The company is the fourth most valuable tech unicorn with a potential valuation of $30 billion.

NextVR secures US$80M

The producer of live VR broadcast solutions, NestVR, has secured $80 million Series B funding, bringing the total amount of funding raised by the company to US$116 million. The VR company aims to tackle the Asia market as the founder said during one interview that China’s enthusiasm for VR currently surpasses the US.

Extra: 51 new startup jobs from this week!

Great job opportunities from Soundbrenner, IC Studio, Quantum Force Engineering Ltd., Lumos Helmet and more!  

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