Deals
25-Year-Old May Soon Give Hong Kong Its First $1 Billion Startup
- Tink Labs aiming to raise capital at $1 billion valuation
- Would be first Hong Kong unicorn, cash to go towards hiring
Terence Kwok.
Photographer: Mark TsangThis article is for subscribers only.
Hong Kong may soon get its first billion-dollar startup, thanks to a 25-year-old entrepreneur whose company leases phones to travelers.
Tink Labs Ltd. is in the process of raising about $40 million and aiming for a valuation of more than $1 billion, according to people familiar with the matter. The fundraising isn’t yet complete and the final figures could change, said the people, asking not to be identified because the information isn’t public.