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Hong Kong Startup News Roundup - 16 June 2019

5 in 5 minutes

HK's Cross-Border E-Commerce Shipping Startup Buyandship Raises US$2.2M

Buyandship, a cross-border e-commerce shipping services company based in Hong Kong, has secured US$2.2 million in pre-series B funding. 

Investments were led by existing investor Infinity Venture Partners, and other investors include Asia-focused VC firm SQ capital and undisclosed angel investors. 

The funding will be used to improve operational efficiencies and also for market expansion. 

CLP Introduced Smart Energy Connect

CLP Holdings introduced Smart Energy Connect at their opening event this week to customers, stakeholders and media. 

Smart Energy Connect is a platform that offers end consumers, enterprises and utilities with a range of energy management solutions that save energy, money and time. 

WHub's India Roadshow

Following WHub’s expansion into India in order to connect the respective Startup, Talent & Innovation  Ecosystems, WHub is currently on a roadshow across India including major hubs Bangalore and Delhi. 

Our co-founder and CEO of WHub, and co-founder and COO of AngelHub , Karena Belin is speaking at India’s largest Angel investor conference Let’s Ignite. 

During the roadshow, the team is meeting a number of key startup ecosystem partners: Incubators, Accelerators, Co-Working spaces, Government Agencies, Investment Funds, Startup Communities, Corporates such as StartupIndia, InvestIndia, Nasscom, 91Springboard, Axilor, Startups Club, Awfis, Google India, TechStar India, Entrepreneur First, KStart.

This is the first step in building exposure and connect Indian Startups and Talent to the East, for them to explore the market opportunities and benefit from WHub and AngelHub’s network, know how and Soft Landing Program. 

Vice versa, HK and GBA based companies looking to expand into India can equally benefit from privileged access through the Indian partner network.

HSBC Launches $880m Tech Fund in China’s Greater Bay Area

HSBC launched the GBA+ technology fund which will provide US$880 million of debt financing to high growth, early stage companies, in the Greater Bay Area. 

The dedicated lending facilities will support enterprises in sectors such as e-commerce, FinTech,robotics, biotechnology and healthcare. 

“The GBA+ technology fund reflects HSBC’s commitment to supporting the next generation of growth companies across the Greater Bay Area and adapting the way we do business to better meet their needs,” notes Terence Chui, head of commercial banking at HSBC Hong Kong. 

Zuellig Pharma Unites Asia’s Health Ecosystem

Hong Kong based Zuellig Pharma has acquired Singapore-based cloud-based health management system, Klinify in an effort to use digital channels to complement their existing business and unite the healthcare ecosystem in Asia.

Klinify has been used more than 800 times by doctors in Malaysia to help them better manage their clinics by allowing doctors to migrate to electronic records using tablets while still using previous workflow processes.

The integration will allow doctors to get significantly more value out of Klinify as it will create a single portal for many of their clinic management needs. 

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