An employee works on a laptop computer at the Carousell headquarters in Singapore. Six-year-old Carousell operates in seven markets including Singapore, Hong Kong and Australia and is one of the region's most popular virtual flea markets. The city state is said by start-ups and advisers to hold the upper hand on Hong Kong as a place to build a business, with access to funding remaining a challenge in the latter. Photo: Bloomberg

Access to funding is holding Hong Kong back as a start-up hub as Singapore takes the lead

This despite the HK authorities launching a US$255m fund last September to encourage investment in local innovation and technology start-ups

Topic |   Start-ups

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An employee works on a laptop computer at the Carousell headquarters in Singapore. Six-year-old Carousell operates in seven markets including Singapore, Hong Kong and Australia and is one of the region's most popular virtual flea markets. The city state is said by start-ups and advisers to hold the upper hand on Hong Kong as a place to build a business, with access to funding remaining a challenge in the latter. Photo: Bloomberg
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