Startup News Weekly Digest - February 8th 2016

Morning W Hubbers,

There is so much going on in the startup scene lately, we must catch up with the news here in Hong Kong! Therefore, we have put together a weekly summary for you, so you can relax and understand what’s happening lately in a swift.
Hong Kong’s First Consumer IoT Summit Welcomes over 1,000 Guests from Around the World [StartupsHK]

Kicking start with one of the huge event from last week, the first Consumer IoT Summit in Hong Kong has been quite a blast around the community. Brinc has held the great LAUNCH Summit during the StartMeUp event by InvestHK, attracts more than 1000 visitors from all over the world.

Also read:
Hong Kong’s IoT accelerator drives city’s rolling growth

Followed by some great news from our W Hubbers!


Link:
Sequoia-backed KFit scores $12m in series A for further expansion

Malaysia based startup KFit, a mobile app providing all-access to best fitness studios, gyms and classes in town. The round was led by Venturra Capital, raised US $12 millions in series A funding to branch out into new categories.

Read more:
‘Uber for gyms’ startup KFit adds spas and salons

Also view :
KFit’s profile

Foodpanda expands regional partnership with OpenRice and reports 500% growth in orders placed in 2015

Foodpanda, a leading online food ordering platform in Hong Kong has announced its partnership with Openrice, a platform for sharing dining experiences. The collaboration will benefit users in Hong Kong as they can order directly from foodpanda’s partnered restaurants via OpenRice. Followed by another great news from foodpanda, as they have over 250k downloads in mobile app and 500% increase in order.
foodpanda’s profile

HKUST developed a record-efficient organic solar cell and it has been the first time a solar cell developed by a HK institution appears on the “Best Research Cell Efficiencies Chart” by the National Renewable Energy Laboratory of the US!

It is also worth mentioning that the HKUST solar cell does not contain any toxic substance, or use any hazardous solvent during the production process.
HKUST Develops Environmentally Friendly Organic Solar Cells with Record Performance

Closing this summary with a report on Hong Kong startup ecosystem, according to the Global Startup Ecosystem Ranking 2015 study released by Compass, Hong Kong ranks the 5th fastest growing startup ecosystem and is the 25th in the world.
Report: Hong Kong is 5th Fastest Growing Startup Ecosystem; Ranks 25th in the World