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24 Fintech Unicorns Were Born in 2019

In 2019, a record of 24 fintech unicorns were born, with more than half of them (13) being from the US, according to data from CB Insights. Following the US is Germany with three new fintech unicorns, and the UK

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The Greater Bay Area is Home to 43 Unicorns Valued at a Combined US$1.1 Trillion

The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is home to 43 unicorns valued at a combined US$1.1 trillion. These unicorn focus on five key industries: e-commerce, healthtech, robotics, fintech and biotech, according to a new whitepaper by WHub, Hong Kong’s

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Fintech is Hong Kong’s Strongest Innovation Sector, Study Concludes

KPMG and Alibaba Entrepreneurs Funds’ joint report has made it official—fintech is ranked as Hong Kong’s strongest innovation sector, beating out segments like smart city, artificial intelligence, e-commerce, big data, and many others. The conclusion was found when entrepreneurs and

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A Snapshot of Fintech in Hong Kong in 2019

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of investments. According to Accenture, this was due to new measures

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Li Ka-Shing Backed WeLab is the First Homegrown Fintech Granted Virtual Banking License

WeLab has been granted a virtual banking license by the Hong Kong Monetary Authority (“HKMA”), becoming the first homegrown Hong Kong fintech company to establish a virtual bank. This brings the total number of approved virtual banking players in Hong

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Even This Fintech Unicorn Thinks Hong Kong’s Virtual Banking License is Too Restrictive

The virtual banking race is on for different regions across the globe, and the Hong Kong Monetary Authority (HKMA) has put its hat in that race with the virtual banking license, as part of a larger plan to turn Hong

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Hong Kong Fintech Week 2018 – Day 3 Highlights

Day 3 at Hong Kong Fintech Week at Hong Kong Exhibition and Convention Centre was buzzed with energy as the three stages hosted speeches and lively panel sessions to full houses, while the numerous fintech company booths attracted delegates amid the

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WeCash is Bidding For a Virtual Bank License In Hong Kong

Wecash, a Beijing-based fintech start-up has teamed up with Japanese financial firm ORIX and Hong Kong property developer SEA Group to apply for a virtual bank licence from the Hong Kong Monetary Authority. George Zhi Zhengchun, 32, founder and chief executive of Wecash,

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