Blog post thumbnail for fb

5 in 5 minutes - Oct 21st

Hong Kong Startup News Roundup

Hong Kong wearable Kiddo raises US$2M

Good Parents Inc, a startup that focuses on children's health and wellness, has raised US$2 million in seed funding in a round led by Jungle Ventures. Bangalore's Fireside Ventures, Singapore's Bio Sensors International, Mumbai's Gaja Ventures also co-invested.

Founded in 2015, the Hong Kong-based startup develops Kiddo, a wearable for children aged from four to ten years old, the wearable tracks key biometrics for children and provides real-time health and development insight to a mobile app. The funding will be used to continue its expansion and further invest into developing Kiddo.

Hong Kong-based IC Studio launches Betatron Startup Accelerator

IC Studio launched the Betatron Startup Accelerator Programme, a three-month founder-focused programme.  Five startups will be selected starting from mid-October to the end of November 2016, with the initial cohort to begin in January 2017. Click here to see more information.

Taiwanese AI and deep learning platform Viscovery raises $10M

Viscovery, a Taiwan-based visual analytics company, has raised US$10 million in a round led by China Development Industrial Bank, with the participation from GD1 Fund, H&Q Asia Pacific, and iStart. The funding will be used to invest in research and development talent, as well as to expand its global market.

Alibaba is seeking US$1B to grow its local services platform Koubei

Alibaba is reportedly seeking for US$1 billion to fuel Koubei, its local service platform. Koubei is designed to be a hub for Alibaba's O2O (online-to-offline) services, including restaurant booking and travel services. The local services sector in China is expected to hit US$1.17 trillion by 2017.

Singapore's Arcstone Inc. ventures into 3 new markets

Singapore-based Arcstone Inc., a startup that provides data analytics-based solution system for the manufacturing sector, will set up an overseas office in Vietnam next month. The startup has also started its exploration in Indonesia and China.


New blog post visual

Recommend to a friend

Next on your reading list