The number of startups in Hong Kong has grown by over 50% since 2017. With its strategic proximity to China’s manufacturing hubs and its ties with Europe and the US, the city has a startup scene that no one can afford to overlook.
Some of Hong Kong’s heavyweight startups include logistics player Lalamove, which has carved its way to decacorn territory, and unicorns including GoGoX (formerly called GoGoVan), travel platform Klook, media company 9Gag, as well as fintech firms WeLab and Amber Group.
It can be difficult to keep up with all the tech news coming out of the bustling city, so we’ve listed down 10 of the most popular articles about Hong Kong’s tech and startup scene for you.
1️⃣ Meet the 20 top-funded startups and tech companies in Hong Kong
Which startups are receiving most of the funds from investors? Based on our data and research, Lalamove takes the no.1 spot with its massive US$1.3 billion series F round – though it’s only one among the four logistics companies on the list.
2️⃣ Southeast Asian firms pivot to Hong Kong for capital, with eye on Greater Bay Area
Companies in Southeast Asia are turning to Hong Kong to raise funds on the stock markets. In 2019, 18 firms raised a combined US$270.2 million compared to the 16 businesses that raised US$238.9 million in 2018. Will the Covid-19 pandemic alter this trend?
3️⃣ GoGoVan’s CEO on US$1 billion merger, Vietnam plans, and concerns for the future
Born in 2013, the company, now known as GoGoX, recently raised US$100 million, so it’s a good time to brush up on what you know about the firm. A year and a half ago, we sat down with the company’s CEO to hear about his plans for the future, including entering Vietnam and other markets in Southeast Asia.
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