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5 in 5 minutes - May 13th

1. WeWork Announces First Location in Hong Kong

WeWork, the global workspace community and services provider is coming to Hong Kong! It will open its first Hong Kong location in Causeway Bay in TOWER 535 this year! WeWork will house over 1300 members on the site.

Discover more co-working spaces in Hong Kong

2. Uhoo makes their Indiegogo goal in 3 days

UHoo started their Indiegogo campaign, set out to raise $50,000. There's still one month to go, and they have already surpassed thier goal. uHoo is especially helpful to suffering from asthma and allegies, it can detect chemicals, particles and tonxins than other air detector. 

Click here to view the Indiegogo campaign

3. Hong Kong entrepreneurs discuss their keys to success

At the SCMP’s Game Changers event, Cindy Chow, the executive director of Alibaba Group’s HK$1 billion Hong Kong Entrepreneurs Fund, said the fund was designed to boost the city’s startup scene.

Despite the HK government has created a dedicatedHK$2 billion fund to support entrepreneur, CEO of Prenetics said startups should not rely on government support to help their business grow.

Founder of Grana said Hong Kong has it’s strength as a logistics hub and this is the reason he decided to launch his business in the city.

Why starting up in Hong Kong?

4. China-based Snapchat for video calls just raised US$14M

After the China version of Facebook, Twitter, Whatsapp, Youtube and more, China is now welcoming the China version of Snapchat. A China based video calls platform ChatGame has jusrt raised US$14M from a group of angel investors. The capital will be used to ramp up platform development including group chat function that allows 6 people to hold a video call at the same time.

5. A new US$29.2M government fund for Singaporean startups is coming!

A new government fund will be awarded to a four large enterprises to co-invest in Sigapore-based startups on a 1:1 basis. The fund aims to encourage enterprises to increase their innovation capacity and enable startups to scale up.

 

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