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Hotel-targeted startup on track for US$1 billion valuation

Profile Photo By: Steve Shellum
April 6, 2017

Hotel-targeted startup on track for US$1 billion valuation

Hong Kong – 6 April 2017 – 
Hong Kong may soon get its first billion-dollar startup, thanks to a 25-year-old entrepreneur whose company leases phones to travellers, Bloomberg reported.

Tink Labs Ltd is in the process of raising about US$40 million and aiming for a valuation of more than US$1 billion, according to people familiar with the matter.

Founded in 2012 and led by chief executive officer Terence Kwok, Tink Labs has more than doubled its staffing to more than 300 people over the past year.

In September, Tink Labs raised US$125 million at a valuation of … Read More

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