Butler, a startup in Hong Kong founded seven years ago, reported profitability in the fourth quarter of 2024.

Angues Chan, a co-founder of the company, confirmed that its AI-driven platform, which addresses property management tasks like tenant inquiries and maintenance requests, has experienced significant growth.

The company’s revenue reportedly tripled in 2024, as businesses increasingly adopted AI solutions to improve operations.

These technologies enable real estate managers to reduce costs in the context of a prolonged downturn in Hong Kong’s property market.