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5 in 5 minutes - July 21st

Hong Kong Startup News Round Up

naked Hub opens its first co-working space in Hong Kong

Shanghai-headquartered co-working space operator, naked Hub, launched its first Hub in Hong Kong as part of its rapid expansion in Asia. The Bonham Strand Hub spans 16 floors with a capacity of over 800 desks, providing a variety of working solutions including hot desks, open offices, and private offices.

Founded in 2015, naked Hub secured US$33 million in a Series B funding round led by Hong Kong's Gaw Capital in November 2016. The company currently has 21 hubs located in Shanghai, Beijing, Hong Kong and Vietnam. naked Hub has also merged with Singapore-based JustCo. With a total of 41 locations at the moment, they expect to operate almost 200 Hubs in Asia in 2020.

Retired Not Out to launch crowdfunding campaign on Next Chapter

Retired Not Out, a Hong Kong-based online job market for senior is launching a crowdfunding campaign on Hong Kong-based crowdfunding platform Next Chapter to raise funds and build evangelism for senior hiring and talent recognition. Retired Not Out aims to raise US$8,000 for building and expanding its services in Hong Kong.

Founded in March 2017, Retired Not Out is an online job market that connects retirees with flexible and relevant work opportunities.

Ooosh For Startups opens its second co-working space in Kwun Tong

Ooosh For Startups launched its second co-working space on July 17, 2017. Founded in 2015, Ooosh For Startups is a co-working space that connects business and tech talents, providing 12,000s.f. of physical space.

Other than the newly launched space in Kwun Tong, Ooosh For Startups also has a Flagship Space located in Lai Chi Kok, West Kowloon.

Origami Labs launches Kickstarter campaign for its ORII smart ring

The ORII smart ring campaign launched on Kickstarter earlier this week and has reached its goal of raising US$30,000.

ORII is the first wearable that puts the convenience of a voice assistant on your finger. With the bone conduction technology, users can hear clear audio with complete privacy along with their finger.

GRANA expands into Mainland China

Hong Kong-based fashion e-commerce startup GRANA has penetrated into Mainland China, the startup opened a store in Tmall, Alibaba's shopping site.

Founded in 2014, Grana is an international E-Commerce platform that sells wardrobe essentials to customers across over 60 countries from its warehouse in Hong Kong. Grana has raised US$16 million in two rounds.

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