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Unicorn

Hong Kong start-up SmartMore is the city’s new hi-tech poster child

by Anas Siddiqui
Hong Kong start-up SmartMore is the city’s new hi-tech poster child

While privately-held SmartMore has not disclosed its financial data, the company is known as one of the fastest-growing start-ups in China. At the ceremony, the firm displayed products ranging from …

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Hong Kong investment arm HKIC makes milestone move in deal with AI unicorn SmartMore

by Anas Siddiqui
Hong Kong investment arm HKIC makes milestone move in deal with AI unicorn SmartMore

“Today, we have a perfect example and story of a company born and raised in Hong Kong, which expanded into the Greater Bay Area and now has a very successful …

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ByteDance enters ‘second phase’ of video gaming business, as new head of Nuverse unit says focus is on ‘fun games’

by Anas Siddiqui
ByteDance enters ‘second phase’ of video gaming business, as new head of Nuverse unit says focus is on ‘fun games’

Zhang will report to Hua Wei, who heads ByteDance’s human resources department. Mobile Legends: Bang Bang is a multiplayer online battle arena title developed and published by Moonton Technology, owned …

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Malaysia dreams of start-up paradise but local talents head to Singapore over poor official support

by Walter Watson
Malaysia dreams of start-up paradise but local talents head to Singapore over poor official support

Lim said her team would try their luck in Singapore to fund their latest project called Emobuddy, an app-based programme to boost the mental health of children. “We’re hoping to …

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Chinese unicorn Zhipu AI to launch Sora rival as early as 2024 amid local race to catch up with OpenAI: report

by Anas Siddiqui
Chinese unicorn Zhipu AI to launch Sora rival as early as 2024 amid local race to catch up with OpenAI: report

Zhipu AI, one of China’s top emerging generative artificial intelligence (AI) start-ups, plans to release its answer to OpenAI’s text-to-video service Sora as early as this year, according to a …

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China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

by Walter Watson
China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital …

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Maybe we’ll finally see a fintech IPO in 2024

by Edgar Davis
Maybe we’ll finally see a fintech IPO in 2024

Welcome to TechCrunch Fintech (formerly The Interchange)! We’re back after a brief hiatus, and I can tell you that judging by the volume of pitches I received last week, venture …

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HashKey claims ‘unicorn status’ after raising US$100 million for one of Hong Kong’s two licensed cryptocurrency exchanges

by Anas Siddiqui
HashKey claims ‘unicorn status’ after raising US0 million for one of Hong Kong’s two licensed cryptocurrency exchanges

HashKey Group, the company behind one of Hong Kong’s two cryptocurrency exchanges approved to serve retail investors, said it raised nearly US$100 million in a funding round that valued it …

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Chinese tech unicorn 01.AI admits ‘oversight’ in changing name of AI model built on Meta Platforms’ Llama system

by Anas Siddiqui
Chinese tech unicorn 01.AI admits ‘oversight’ in changing name of AI model built on Meta Platforms’ Llama system

Beijing-based 01.AI, whose value has reached more than US$1 billion in less than eight months since it was founded, on Tuesday described the matter as “an oversight” and that the …

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iPhone 15 Now Available on Blinkit in Select Cities; Promises Phone Delivery in 10 Minutes

by Maya Ortiz
iPhone 15 Now Available on Blinkit in Select Cities; Promises Phone Delivery in 10 Minutes

iPhone 15 series delivery has started in India starting September 22. Since Friday morning, interested buyers were spotted lining up in long queues outside retail stores, Apple BKC Mumbai or …

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