AirBNB During CNY: 15,000 Guests will Stay in Hong Kong, Bringing in HKD12.5m in for Local Host Community

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These are very interesting stats from AirBNB, so we thought we would share this AirBNB press release with Hong Kong startups: the tourism industry in Hong Kong is growing and besides a handful of travel startups in Hong Kong like Klook and Sam the Local we’re looking to find out who else is in this space or if you are looking to get into TravelTech in Asia.

Read below about AirBNB in HK during CNY — and for those who have been with us for awhile: do you remember when Brian Chesky showed up at our Startup Saturday event back in 2011 when he came to launch Airbnb in Hong Kong?

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Betatron wraps up cohort 2 and is accepting applications for cohort 3

Betatron demo day cohort 2Betatron recently held it’s Demo Day for their seven startups in cohort2 on Thursday 25th January. The turnout was impressive with 360 event registrations and a high-quality audience with most of Hong Kong’s most successful investors and entrepreneurs in attendance.

During the event, Betatron announced the significant traction they’ve generated since the first cohort launched in March 2017. To date, Betatron has raised funding from 21 investors and has invested in 11 startups across the two cohorts. After joining the Betatron program, the startups over the first two cohort’s have raised a total of US$2.4M further funding, with 62% of the capital coming from Betatron’s founding partners.

Applications are now open for Betatron’s cohort 3 where they will be investing in up to TEN startups. Each one will receive US$30,000 investment and hands-on mentorship to position the company to scale.To apply, visit: betatron.co/apply

Brinc Secures Capital through Artesian Venture Partners

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This is a guest post by Brinc founder and CEO Manav Gupta. We don’t usually re-post articles but this one sums it up what Brinc is doing pretty clearly – so, take it away Manav:

We are excited to announce Brinc has secured funding in collaboration with Artesian Venture Partners. Announced on our 3 year anniversary event on December 1st, Brinc Capital will provide seed funding for Brinc startups and potential follow on funding from angel rounds to exit through the Artesian China VC Fund.

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