Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement […]
Hong Kong-listed Chinese app company Newborn Town will open a global headquarters and set up an artificial intelligence (AI) research centre in Hong Kong as a pivotal step in its overseas expansion strategy. “The landing of the global headquarters in Hong Kong marks a new stage in the company’s globalisation strategy and an important milestone
Chinese app firm Newborn Town sets up global HQ in Hong Kong for AI work, overseas push Read More »
Stablecoins are poised to become a major cross-border payment tool that would benefit issuers in Hong Kong and mainland Chinese firms expanding overseas, according to industry insiders, as the city and the US push forward regulation of the popular tokens. A stablecoin is a type of cryptocurrency that maintains a fixed value by being pegged
What’s the future of Hong Kong stablecoins? A cross-border payment tool, insiders say Read More »
Chinese short video platform Douyin now counts about 40 per cent of Hong Kong’s 7.5 million residents as users, about five years after social media giant ByteDance suspended the operation of hit global app TikTok in the city. The number of monthly active users (MAUs) of Douyin in Hong Kong has already surpassed 3 million,
