Hong Kong’s Tink Labs raises $13m from existing investor Foxconn & others

Tink Labs, a technology incubator based in Hong Kong, has raised $13 million funding from existing investor FIH Mobile Ltd, a subsidiary of Foxconn Technology Group.

Other investors like Sinovation Ventures, a Chinese investment firm, and Cai Wensheng, a prolific angel investor who is chairman of Chinese photo service Meitu, also took part in the round, according to a report in TechCrunch.

Tink Labs is mostly known for its mobile travel solution handy that combines the functionality of a personal smartphone, hotel in-room services, city guides and more, into one fully integrated smartphone system.

Last year in November, the company received an undisclosed amount of funding from FIH Mobile.

handy, first launched in September 2012, was developed to enhance the travel experience for international business and leisure travelers. As of November 2015, handy phones are installed in over 30 per cent of three to five-star Hong Kong hotel rooms. handy devices provide each and every guest with free local and international calls, free internet connectivity, and a personally customized city guide.

Besides Hong Hong, handy also has a presence in leading hotels in other countries like The Fullerton Singapore, The W Istanbul, and the Sofitel Maca.

Tink Labs was launched in September 2012 and claims to be the first company of its kind in the world to provide a comprehensive mobile travel platform to inbound visitors.

FIH is the global leader in the handset and wireless communications manufacturing and service.

Sinovation Ventures, a Chinese venture capital firm, recently raised $674 million. It closed two venture-capital funds- a dollar-denominated fund of $300 million and a yuan-denominated fund of equivalent to $374 million. The VC firm was founded by Kai-Fu Lee, an ex-executive of Google and Microsoft.

Also Read:

India’s Hike Messenger in Unicorn club, raises $175m led by Tencent, Foxconn
Google’s former China chief founded Sinovation Ventures raises $674m in two new funds

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.