In an era where smart devices increasingly communicate with one another, Ingdan is focusing on the hardware. Pictured is the August keyless lock, a project unconnected with the company that opens doors via smartphone. Photo: SCMP Pictures

Smart city: riding IoT boom, Ingdan.com sets up US$50 million fund for start-ups in Hong Kong to boost hardware ecosystem

Pundits predict company, owned by e-commerce platform Cogobuy Group, will focus more on teams and projects at local universities

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In an era where smart devices increasingly communicate with one another, Ingdan is focusing on the hardware. Pictured is the August keyless lock, a project unconnected with the company that opens doors via smartphone. Photo: SCMP Pictures
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