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5 in 5 minutes - October 13th

Hong Kong Startup News Round Up

Lalamove raises US$100M in Series C

Hong Kong's logistics startup Lalamove announced that it has raised US$100 million in a Series C in just 9 months after its US$30M Series B round.

The US$100 million Series C funding round was led by China's ShunWei Capital, which is headed by Xiaomi CEO Lei Jun. Existing investors Xiang He Capital and MindWorks Ventures also took part in the funding round. What is worth noting is that MindWorks Ventures has participated in all five of Lalamove's funding rounds.

Click here to see the in-depth introduction of the top 6 Hong Kong logistics startups enters Paris

Hong Kong's was introduced to Paris on October 9th. The news came 3 months after the startup's US$9 million Series A funding round.

Unlike Velib', another famed company that offers bike-sharing scheme in Paris, offers dock-less bike sharing experience, which allows users to leave their bicycles anywhere after use. Users can locate the bikes on an app and unlock them with a scannable QR code. charges 50 centimes for half an hour while it's free using Velib' for the first 30 minutes.

Kafnu opens its first co-working space in Hong Kong

Kafnu, powered by Next Story Group, launched Kafnu Hong Kong, its first co-working space in Hong Kong.

Situated at Kerry Hotel in the Hung Hom area, Kafnu Hong Kong offers workspace for entrepreneurs, creators and artists. The workspace has micro-sections of around 50sqm each, accompanied by the views of Victoria Harbour and Hong Kong Island.

Kafnu also plans to launch in Taipei, Bangalore, Sydney, Ringwood, Ho Chi Minh City and Colombo in the near future.

SoInSoGood partners with GoGENIE for a recruitment fair

SoInSoGood teamed up with GoGENIE to host a free recruitment fair during October 20-21, 2017, offering talents opportunities to find part-time and full-time jobs in various industries including F&B, Jewelry, Textile, Furniture and more.

PolyU Micro Fund 2018 opens for application

PolyU Micro Fund 2018 is now open for application, looking for business propositions that are commercially viable with social/industrial impact. A Seed Fund up to HK$120,000 per project will be awarded to the approved applicants to support their good business propositions. The PolyU Micro Fund will also offer pre-incubation support to infancy stage businesses, including Multi-disciplinary Entrepreneurship Training, mentorship, networking opportunities and access to further incubation and funding support. 

Admission to Hong Kong Science and Technology Parks Corporation Incu-App/ Incu-Tech/ Incu-Bio Programme will be offered to Technology Innovations Stream's awardees to provide technology support, lab services, etc. 

Click here for more information

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