Hong Kong Startup News Roundup - July 26 2021

Animoca Brands and Brinc launch NFT accelerator Launchpad Luna

Animoca Brands and global venture accelerator Brinc have launched Launchpad Luna, a new accelerator program to identify, mentor, and invest in promising blockchain and non-fungible tokens (NFT) startups that are shaping the future of the Web and driving digitalization. Launchpad Luna will also accept high-potential startups seeking to adopt blockchain and NFTs into their core business. The Launchpad Luna accelerator will identify and foster NFT innovation in the fields of culture, art, entertainment, media, gaming, streaming, collectibles, insurance, finance, and data management; DeFi and additional verticals will be added in the future. 

Local Fintech Company iPYGG created a next generation of money management and investment platform   

iPYGG Fintech Group Limited (iPYGG) has developed a money management and investment application called iPYGG to accomplish this purpose. iPYGG means digital piggy Bank for young people. It can help young people save and achieve their financial goals. iPYGG application was launched in Hong Kong and Singapore in July this year and has received financing from the asset investment company Standard Perpetual, with a current market value of 10 million Hong Kong dollars. iPYGG is a new-generation money management application that can help Gen Z and millennials aggregate their bank accounts, securities accounts, MPF and cryptocurrency wallets, manage and automate savings plans for users, and make saving effortless than ever. It uses self-developed open banking APIs to apply machine learning technology to transaction data, understand consumer spending movements and recommend savings plans designed for different purposes and financial conditions. 

Hong Kong based Startup GoGoChart Reports Outstanding First Half Fiscal Year 2021 Financial and Business Results

GoGoChart Technology Limited, an award-winning global mobile marketing and technology enabler who is Hong Kong's first certified Apple Search Ads agency, today announces its first half fiscal year 2021 financial and business results ending June 30, 2021. The company's robust 1H growth and performance will be followed by a series of active fundraising and expansion plans in the second half of 2021.GoGoChart's growth in 1H 2021 has been driven by the drastically increasing number of new accounts and client's mounting spending in app store optimization (ASO) services and mobile marketing solutions, due to the shifts in consumer behaviors related to mobile usage and transactions.

Chinese Startup Meicai Weighs Hong Kong IPO After Crackdown

Meicai, a Chinese startup that connects restaurants with vegetable producers, is considering shifting its initial public offering to Hong Kong from the U.S. after Beijing’s recent crackdown on overseas listings, people with knowledge of the matter said. The Beijing-based company is starting preparations for a Hong Kong listing, said the people, who asked not to be identified as the information is private. The startup could raise several hundred million dollars in an IPO, one of the people said. Meicai confidentially filed for a U.S. share sale earlier this year, Bloomberg News reported in May.

ZumVet launches first virtual veterinary platform in Hong Kong

Singapore-based pet telehealth startup ZumVet today announced the launch of its platform in Hong Kong, a remote care solution offering a full suite of home-based health and wellness services for pets. This is the first pet-centric app of its kind in Hong Kong, combining a customer first experience, set to the highest standard levels of safety in healthcare. It offers pet owners with an immediate touchpoint to veterinary professionals, through video consults, an e-pharmacy and home-based testing. Founded by animal lovers Athena Lee and Dr Grace Su, the startup has grown quickly over the last six months with more than 700% increase in the number of users.