Amidst the buzz and energy surrounding Hong Kong’s push to become a hub for tech innovations, startups here are beginning to make waves, pulling in some big financings from venture capitalists and corporate venture investors, scaling up and expanding internationally.
Seeing these startups take off is an encouraging sign for Hong Kong, where young businesses have faced a financing gap to boost their operations and to pursue global ambitions. While not sizeable rounds compared to the what we’ve been seeing in Silicon Valley or India lately, these recent venture financing in Hong Kong are still quite respectable.
Take the $14 million that innovative lending service WeLab hauled in this year from Sequoia Capital and Li Ka-Shing’s Tom Group. It was the first time that Sequoia Capital, a force behind many successful ventures in mainland China and Silicon Valley, has invested in a Hong Kong startup.
See tech chat video.
Keep reading Forbes post: Hong Kong breakthrough
Seeing these startups take off is an encouraging sign for Hong Kong, where young businesses have faced a financing gap to boost their operations and to pursue global ambitions. While not sizeable rounds compared to the what we’ve been seeing in Silicon Valley or India lately, these recent venture financing in Hong Kong are still quite respectable.
Take the $14 million that innovative lending service WeLab hauled in this year from Sequoia Capital and Li Ka-Shing’s Tom Group. It was the first time that Sequoia Capital, a force behind many successful ventures in mainland China and Silicon Valley, has invested in a Hong Kong startup.
See tech chat video.
Keep reading Forbes post: Hong Kong breakthrough
