Q1 2025: Hong Kong

Hong Kong tech news snapshot: Q1 2025
March 2025 ● February 2025 ● January 2025

KPMG Venture Pulse Q1 2025 – Asia findings

MooneyBird real estate tech firm rolls out HK’s first Cantonese AI Voice Concierge for real estate / full item
Redotpay cryptocurrency payment platform secures $40M Series A / full item
China’s Baidu-backed StarFive Technology chip design house gains backing from government-owned HK Investment Corp, as the city steps into the RISC-V space / full item
Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime. / full item
Prudential Hong Kong partners Fill Easy for NFC-powered customer ID verification system, focusing on streamlining insurance applications by integrating with PRUSubmit / full item
Redotpay cryptocurrency payment platform secures $40M Series A / full item
Elevator Pitch International Competition – EPIC 2025 – is set to take place November 3-7, seeking mid- to late-stage startups in FinTech, Digital Health Tech, and Green Tech / full item

Cushman & Wakefield: Asia Pacific Data Centre Construction Costs

Hong Kong Securities & Futures Commission unveils ‘A-S-P-I-Re’, a regulatory roadmap focused on Hong Kong’s opportunities in the virtual asset market / full item
Hong Kong University of Science & Technology launches Low Altitude Economy Research Center, submitting a proposal for a sandbox scheme to explore options / full item
An intro to Full Nature Farms, using data and AI to deliver a 30% reduction in water costs, a reduction in energy consumption, and improved crop yields / full item
‘Not Your Token’ half-day event is set for February 21st, looking at advancements and opportunities in digital retail with a focus on Web3 and AI technologies / full item
Tencent-backed WeBank enters Hong Kong Web3 space with launch of WeBank Technology Services subsidiary / full item
US Postal Service overturns all-stop on processing China-Hong Kong parcels, and is now once again accepting parcels of low-value, duty-free packages / full item
US Postal Service has temporarily halted acceptance of international packages from Hong Kong and China, following suspension of de minimis trade provisions / full item
India: Government orders a block on 119 apps on Google Play Store, citing concerns in line with the Information Technology Act, with the majority from China and Hong Kong developers / full item

Dubai Future Foundation: Megatrends Report

PanopticAI gains US regulatory approval for contactless pulse rate measuring app which utilizes the cameras of iOS devices for medical-grade pulse monitoring / full item
Hong Kong Monetary Authority has launched the Supervisory Incubator for Distributed Ledger Technology to explore and develop solutions, with a focus on tokenized deposits / full item
Legislative Council discusses new stablecoin bill amid ongoing moves to establish the city as a global cryptocurrency hub / full item
Online now: Q4’24 Venture Pulse Report, Asia findings, from KPMG: Hong Kong’s IPO market ranked among the top 5 global IPO venues during 2024… / full item
Cornerstone Robotic raised $70M with wide-angle robotic surgery solutions, and further development of Sentire endoscopic surgical system / full item
An interview intro to AI Guided, developing an AI-backed, haptic ‘guiding belt’ for the visually impaired, the Guidi / full item