hong kong Archives

Artificial Intelligence, Business, Companies, Education, News, startups

AI Startup Fano Labs Is Getting Funds From Horizons Ventures

Horizons Ventures, the private Hong Kong based investment arm of Li Ka-shing, the wealthiest man in Hong Kong, has made an “early-stage investment after it backed AI startup” Fano Labs. Horizons is a leading investor in some of the world’s most innovative companies and disruptive technologies, including Facebook, Spotify, Impossible Foods, Improbable, Zoom, Blockstream, Soul Machines and ChromaDex. Now, they decided to put undisclosed money into Fano Labs, which recently graduated AI accelerator program Zeroth. This deal also marks the firm’s first investment in a Hong Kong-based company. “We are a team of scientists and engineers. Our world-class technical expertise in speech and NLP technologies would empower

Augmented Reality (AR), startups, Virtual Reality (VR)

First VR Cemetery as a solution for overcrowded Hong Kong

A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one’s ancestors, according to Reuters. Enterpreneur Anthony Yau’s firm, iVeneration.com, offers users the ability to create virtual headstones anywhere in an augmented reality landscape of Hong Kong, including such unlikely places as a downtown park. In that way, it’s possible to save up to $130,000 in burial services. The idea is that residents get the ability to pay their respects digitally using VR & AR technology. Users will be able to create virtual headstones of their departed loved ones and place them anywhere within augmented environments

Asia Pacific (APAC), Breaking, Business, Global Politics, News, startups, Technology Security

Cryptocurrencies and ICO Under Increasing Scrutiny While Stars Move In

Just a day after China raised the ban for ICOs all together, Hong Kong – the country that is a special administrative region of China – has voiced concern at the growth of ICO fundraising. “Those involved in an ICO need to be aware that some ICO structures may be subject to Hong Kong securities laws,” said Julia Leung of Hong Kong’s Securities and Futures Commission (SFC) . She also clarified that the regulations don’t simply apply to Hong Kong-based companies holding ICOs, but any entity worldwide that sells tokens to individuals based in Hong Kong. Just for a reminder, this week China’s central bank, issued a statement criticizing ICOs